Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Zomato Acquires An Office Canteen Startup, ‘TongueStun’

equitypandit_zomato

Zomato, an online food discovery and ordering platform have acquired a Bengaluru-based startup TongueStun Food, which aggregates caterers and restaurants for office canteens. Deepinder Goyal, co-founder & CEO, Zomato said in a blog post, “Welcoming TongueStun to Zomato — I am thrilled to announce Zomato’s acquisition of TongueStun.”

“This Bangalore-based startup is the biggest player in the corporate cafeteria sector, currently active in 6 cities (Bangalore, Chennai, Hyderabad, Pune, Mumbai, and Gurgaon/Noida). It caters to 1500+ companies which include a number of large organizations like IBM, Accenture, E&Y, Sony, Genpact, 3M, Mindtree and Deloitte.” he further added.

He also claimed, “Tonguestun is the largest player in the segment. On a daily basis, more than 150,000 meals are provided to office-goers thanks to TongueStun’s affiliation with 1000+ food partners.”

Tonguestun was founded by Manjunath Ramakrishnan in 2012. For Zomato, the acquisition of TongueStan marks its 12th such deal, as the Gurgaon-based company had earlier acquired hyperlocal logistics startup, Runnr, last year to add more firepower to its delivery services in its intense fight with Swiggy.

Read EquityPandit’s Technical Analysis of Indian Stock Market

Get Daily Prediction & Stocks Tips On Your Mobile