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Food Delivery Firm Zomato In Talks To Invest In India's Shiprocket, Magicpin and CureFit

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Zomato, the Indian food delivery firm is in talks to back logistics firm Shiprocket, health and fitness firm CureFit and savings app Magicpin, four people familiar with the matter told.

All these investment talks are at the final stages and some may close as soon as this week, one of the sources said.

Singapore’s Temasek is leading the investment in Shiprocket which is part of a broader round.

According to the sources in recent months, at many of those firms, in at least over half a dozen startups the co-founder and chief executive of Zomato, Deepinder Goyal, has explored investment opportunities in his capacity as well as through the firm. In June, Zomato, the Publicly listed firm, invested $100 million in Grofers, the online grocery store and according to two people familiar with the matter, has told the younger firm that it is open to fully acquiring it at a later stage if certain metrics are achieved.