Food tech whets its appetite for growth amid flurry of investment activity

The flurry of investment activity is reminiscent of the build-up in the sector in 2015 before it went bust. But this time, there is no sign of trouble

Swiggy seems to be on the brink of raising $500 million from various investors including Tencent. It is also reportedly rejecting a $250 million cheque from Google. Reports indicate that Zomato is talking to Ant Financial for another round of funding. Paytm, sources say, has been talking to Domino’s and McDonald’s and coaxing them on its app. The plan, say sector experts, is to get the two companies on as tiles on the app. Ola is pumping money into Foodpanda and the Bhavish Aggarwal founded company plans to move people within the organisation so Foodpanda has more on-the-ground support. Uber