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Zomato halted the operations of ‘Zomato Wings’ platform

Foodtech giant Zomato halted the operations of ‘Zomato Wings’ platform, which it launched late last year to assist restaurants in connecting with investors to secure finance, has stopped operating.

The possibility exists that Zomato Wings will resume operations at the end of the year. However, according to the source, all operations have currently been suspended. As an intermediary platform to allow equity financing for restaurants, brands, and cloud kitchens, Zomato Wings was introduced in November of last year. These companies and investors were gathered on the platform as a single entity.

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