Zomato acquires 16.6% stake in food robotics startup Mukunda for $5 Mn
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Amid talks of a merger with Blinkit, Zomato’s board, on March 15, approved the acquisition of 16.66% stake in robotics startups, Mukunda Foods, for $5 Mn. The foodtech giant made the announcement in a regulatory filing to the National Stock Exchange. Acquisition to be done via subscription of 13,289 Series B1 compulsorily convertible preference shares and 10 equity shares of the startup.