Food delivery platform Zomato has acquired Feeding India, a not-for-profit organisation with an aim to serve at least 100 million underprivileged people every month. With this acquisition, Zomato will fund the entire salaries of the team and some core initiatives, the company said on Monday. For example, Zomato will fund the development of the 'Feedi.ng' app which will connect donors and volunteers. Zomato said it will revamp the Feeding India website and start publishing quarterly financials on the website.
"Zomato is aiming to get the first Feeding Global - Financial Transparency Report, out by October 2019," Zomato Founder and CEO Deepinder Goyal wrote in a blog post. The Feeding India team has been working with Zomato for about six months now. "In December of 2018, Feeding India distributed 78,300 monthly meals to the underprivileged. That figure has now skyrocketed to over 1.1 million meals a month," Goyal said. "Similarly, the number of cities Feeding India is active in has risen from 65 to 82. The number of Hunger Heroes (volunteers at Feeding India) has grown from 8,500 to 21,500," he added.
Zomato acquires food donation start-up Feeding India.
Food wastage in India happens at multiple levels – harvesting, transporting, processing, packaging and consuming. Weddings, events, restaurants, hostels and houses are a major source for food wastage of cooked food.
"Someone has to do something significant to address this core issue of our country. And we think we can contribute to easing the pain. In the past, we’ve worked closely with Feeding India, Robin Hood Army and Akshaya Patra Foundation to alleviate some of these problems and have collectively achieved remarkable results. It's something we are extremely proud of," said Deepinder Goyal, founder and chief executive officer of Zomato in the company's blog.
The Feeding India team is now completely integrated into Zomato.
The two companies have been working together for about six months now. In December, Feeding India distributed 78,300 monthly meals to the underprivileged. That figure has now increased to over 1.1 million meals a month. Feeding India is presently active in 82 cities.