Zomato in talks to spend money on India’s Shiprocket, Magicpin and CureFit – TechCrunch

Indian meals supply agency Zomato is in talks to again logistics agency Shiprocket, financial savings app Magicpin, and well being and health agency CureFit, 4 individuals accustomed to the matter instructed me.

All these funding talks are at ultimate phases and a few could shut as quickly as this week, one of many sources mentioned.

The funding in Shiprocket is a part of a broader spherical that’s being led by Singapore’s Temasek, in line with two sources accustomed to the matter. Indian newspaper Financial Occasions first reported about Temasek and Shiprocket talks. MoneyControl additionally reported about a few of these talks and Zomato’s funding technique.

Deepinder Goyal, co-founder and chief govt of Zomato, has explored funding alternatives in his private capability in addition to by the agency in no less than over half a dozen startups in latest months, in line with sources at a lot of these corporations.

In June, the publicly listed agency Zomato invested $100 million in on-line grocer Grofers, and in line with two individuals accustomed to the matter, has instructed the youthful agency that it’s open to totally buying it at a later stage if sure metrics are achieved.

Zomato declined to remark.