Indian food-delivery firm Zomato Ltd's board has approved the acquisition of a 16.66% stake in Mukunda Foods, a food robotics company, for $5 million and granted a loan of $150 million to Blinkit, an online fast ecommerce platform.
Mukunda is a food robotics company that helps automate food preparation at restaurants by designing and manufacturing intelligent robotic equipment.
From cooking-making to burger-flipping, many foods and beverage businesses are beginning to discover the benefits of robots to improve their productivity.
In the filing, Zomato said Mukunda’s products help restaurants scale rapidly while maintaining consistency in food quality and customer experience across outlets.
Zomato said, "our investment will help Mukunda Foods scale faster, help reduce restaurant food prices, expand margins, and enhance customer delight."