The food ordering service has invested in Shiprocket, CureFit and Magicpin and is targeting $1bn in corporate venturing commitments.

India-based online food ordering service Zomato has provided a total of $175m for three domestic companies as part of an investment drive expected to reach $1bn in the next two years, TechCrunch has reported.

Zomato runs an online platform which allows users to order food for delivery from local restaurants, in addition to functioning as a guide and listings service for local eateries. The capital is set to be committed in one to two years, with a particular focus on…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.