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Informative

Zomato To Acquire 8% Stake In Kitchen Appliance Maker Byondnxt

Update / Judgement Date

22 Oct 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceMerger & Acquisition

Zomato is set to acquire an 8% stake in kitchen appliance maker Byondnxt. The acquisition is part of Zomato's strategy to diversify its business and enter the consumer appliances market. Byondnxt specializes in IoT-enabled kitchen devices, which align with Zomato's efforts to enhance its food tech offerings and build synergies in the broader food ecosystem.