Online food delivery company Zomato on 30 November said it would help restaurant owners collect capital to expand business in India by connecting them with the right set of investors.

“We are constantly asking yourself – what is needed for a great restaurant to grow further and faster? We believe this is a combination of great food, exceptional customer service, entrepreneurial team, loved brand, and easy access to capital, “said in a statement.

Through Wing Zomato, the company plans to connect investors with restaurants.

“By returning a set of restaurants and kitchen clouds that can be rocket if triggered by equity capital, we hope to build a platform to enter venture capital, angel investors, family offices, etc. who want to make personal investments in restaurants and kitchen clouds,” The company said.

Especially since the pandemic, many operators have difficulty maintaining their restaurants with severe capital requirements.

In accordance with the Tracxn data quoted by Zomato, in the past three years, only around 25 restaurants and cloud kitchens see equity or bigger funding rounds.

Zomato steps can help restaurant owners connect with the right set of investors. However, the company will not invest together in this transaction.

“We noticed that by having equity stocks in one brand, we can increase worries between other brands. Again, we don’t want to compete with restaurants, and want to remain a fair and neutral platform for all restaurants,” he said. .