Foodtech giant Zomato halted the operations of ‘Zomato Wings’ platform, which it launched late last year to assist restaurants in connecting with investors to secure finance, has stopped operating.
The possibility exists that Zomato Wings will resume operations at the end of the year. However, according to the source, all operations have currently been suspended. As an intermediary platform to allow equity financing for restaurants, brands, and cloud kitchens, Zomato Wings was introduced in November of last year. These companies and investors were gathered on the platform as a single entity.
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Foodtech giant Zomato halted the operations of ‘Zomato Wings’ platform, which it launched late last year to assist restaurants in connecting with investors to secure finance, has stopped operating.
The possibility exists that Zomato Wings will resume operations at the end of the year. However, according to the source, all operations have currently been suspended. As an intermediary platform to allow equity financing for restaurants, brands, and cloud kitchens, Zomato Wings was introduced in November of last year. These companies and investors were gathered on the platform as a single entity.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
