May 30, 2025 09:40 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Operation Sindoor is not yet over, it's just a pause: Rajnath Singh | Army reduced terrorist hideouts to ruins: PM Modi on Operation Sindoor in Bihar | Prosperity came to Jammu and Kashmir after Article 370 abrogation: Salman Khurshid hails Modi govt's historic step | 'Disappointed': Shashi Tharoor on Colombia's condolence message for Pak deaths in Operation Sindoor | Nine tourists go missing after bus falls into swollen Teesta river in Sikkim | US Judge extends order blocking Trump ban on foreign students' enrolment in Harvard | India rejects Team Trump's latest claim on tariffs' role behind ceasefire with Pakistan | Operation Sindoor is not over yet: PM Modi's announcement from Bengal | 'Why aren't you giving sindoor to your wife first?': Mamata slams Modi on Operation Sindoor | Murshidabad and Malda communal violence reflect TMC govt's cruelty: Modi in Bengal
Zomato

After grocery, Zomato scraps nutraceutical business: Report

| @indiablooms | Sep 13, 2021, at 07:07 am

Mumbai/IBNS: Online grocery delivery platform, Zomato, has scrapped another business Nutraceutical after winding up its online food delivery service, media reports said.

According to a Money Control report, the company has confirmed the development, but declined to share further details.

Nutraceuticals are defined as any food-related product which provides medical or health benefits, it said. These could range from food to beverages or even tablets with a claim of prevention or cure of chronic diseases.

Zomato had invested in the segment, hoping to reap benefits from the growing trend among the Indians to adopt healthy food amid the COVID-19 pandemic.

According to the report, Gaurav Gupta, Chief Operating Officer, who was named the head of this division for five years, had said last year that  "this business can potentially be a large value driver for Zomato in the future."

Zomato has been on a 'cleaning-up' drive since the last few weeks, the report stated.

The food technology company announced the closure of Singapore and United Kingdom (UK)-based subsidiaries in a stock exchange filing on September 1.

Earlier, it also had announced the winding up of its US subsidiary Nextable Inc.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu