Zomato invests in AdOnMo & UrbanPiper; sets up NBFC subsidiary
Image Credit: livemint
Foodtech giant Zomato has invested in two tech startups — INR 112.20 Cr (around $15 Mn) in adtech company AdOnMo for a 19.8% stake and INR 37.38 Cr (around $5 Mn) in enterprise tech platform UrbanPiper Technologies for 5% stake. According to the company filing, as seen by Inc42, the Zomato board has also approved the incorporation of a wholly-owned NBFC subsidiary.