Zomato announces trio of investments

Zomato on Wednesday announced a trio of investments: in savings app provider magicpin, logistic aggregator Shiprocket and Curefit. The online food delivery platform said it would invest a cumulative sum of Rs 928.52 crore in magicpin and Shiprocket.

The Deepinder Goyal-led company is also picking up a 6.4 per cent stake in Curefit Healthcare Pvt Ltd for $100 million in cash. Curefit was founded by Mukesh Bansal who had established Myntra. Simultaneously, Zomato is also divesting a stake in its subsidiary Fitso, which will be bought by Curefit.