13 Sep

India’s Zomato completes long-rumored acquisition of logistics startup Runnr

 Zomato, the global restaurant guide and food on-demand service, has made an acquisition to shore up its delivery business on home turf after it completed a deal for Runnr. The acquisition has been rumored since May and is much-anticipated, as Zomato CEO Deepinder Goyal himself acknowledged in an announcement. The all-stock deal was previously pegged at $40 million by Indian media, but… Read More
Source: TechCrunch – Funding and Exits

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