Startup Saturday: Mukesh Ambani Eyes a Stake in Grab and Zomato Catches the Fancy of Delivery Hero

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1) Grab has grabbed the eyes of Mukesh Ambani. Reports are rife that Reliance Industries (RIL) is in advanced talks to buy a majority stake in Mumbai-based hyperlocal logistics startup.

2) Food and tech startups have exciting times coming in. Leveraging the increased investors attention, Cloud-Kitchen Player Faasos is in reportedly looking to raise $75 Mn-$100 Mn in a new funding round.

3) Zomato has caught the fancy of Naspers-backed Delivery Hero. The German food-tech major is reportedly investing $62.5 million in the Indian online food delivery platform. 

3) SoftBank seems real impressed with India’s foodtech startups. After eyeing Zomato & Swiggy for long, the Japanese investor has pumped in $60 Million in the Gurugram-based online grocery startup Grofers.

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