Zomato, a leader in foodtech, has stopped functioning its “Zomato Wings” platform, which it introduced late last year to help businesses connect with investors to get financing. At the end of the year, it’s possible that Zomato Wings will start up again. However, the insider claims that all operations are currently on hold. In November of last year, Zomato Wings was created as an intermediary platform to enable equity financing for restaurants, brands, and cloud kitchens. On the platform, these businesses and investors came together as a single entity.
Zomato halted the operations of ‘Zomato Wings’ platform
