Zomato partners with InCred to provide credit facilities to restaurant partners

MUMBAI: Online food delivery platform Zomato has recently entered a strategic partnership with InCred, where the latter will extend credit facilities to the former’s restaurant partners.

The food delivery industry was one of the worst-affected segments during the pandemic with its Gross Merchandize Value (GMV) falling short of the pre-COVID levels. However, we can now see a revival trend in the industry . The food delivery business has crossed pre – covid run rate and is expected to grow further in the months to come. The InCred-Zomato tie-up will extend financial assistance to cash-strapped businesses for meeting their business growth and working capital needs.