Restaurant operators will be able to interact with investors through Zomato in order to raise funds

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 Zomato, an online meal delivery service, announced on November 30 that it will assist restaurant owners in raising financing to grow their operations in India by connecting them with the proper investors."We're always asking ourselves, "What does it take for a fantastic restaurant to develop even more quickly?" It's a combination of outstanding food, excellent customer service, an entrepreneurial team, a well-known brand, and easy access to money, we feel," in a statement, the firm stated.
The startup intends to connect investors with restaurants using Zomato Wings.
"We hope to build the go-to platform for venture capital firms, angel investors, family offices, and others looking to make private investments in restaurants and cloud-kitchens by curating a set of restaurants and cloud-kitchens that could become rocketships if fuelled with equity capital," the company said.

Many operators have struggled to keep their restaurants open, especially after the pandemic, due to the high capital requirements. According to Tracxn data cited by Zomato, only roughly 25 restaurants and cloud kitchens have received Series A or higher equity fundraising rounds in the last three years. Zomato's move may make it easier for restaurant entrepreneurs to connect with the proper investors. However, the company will not participate in these transactions.

"We are aware that having an equity investment in one brand may cause worry among other brands. Again, we don't want to compete with restaurants and instead want to be a fair and neutral platform for all of them "It was stated. Zomato's function would be confined to assisting restaurants with fundraising.

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