May 12, 2025 03:23 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India and Pakistan agreed to stop military actions: Govt confirms Trump's ceasefire claim | India, Pakistan have reached full and immediate ceasefire: Donald Trump announces on Truth Social | 'Frivolous allegation': India dismisses Pakistan's 'Indian missiles hit Afghanistan' disinformation | India opposes IMF's proposal to extend fresh loans to Pakistan, abstains from voting | Fresh Pakistani drones target Jammu, Samba and Pathankot; explosion heard in Pokhran | PM Modi meets all three service chiefs amid escalated tensions with Pakistan | 'We stand in unwavering solidarity with our armed forces': Gautam Adani amid escalation with Pakistan | 'India will firmly counter any escalation': S Jaishankar speaks to US Secretary Marco Rubio after Pakistan drone attack | Breaking News: Blackout in Jammu as Pakistan launches fresh attacks on Jammu, heavy shelling on, sirens heard | Ensure smooth functioning of essential services: Amit Shah tells states in security review meet after Operation Sindoor
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