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Zomato puts TongueStun on its plate for $18 million

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Zomato has acquired TongueStun Food, a Bangalore-based online food caterer and aggregator for corporate spaces. The deal was reportedly a cash-and-stock deal valued at $18 million. A Zomato spokesperson told MediaNama that the "capabilities" of the TongueStun app will be included within Zomato; and that the foodtech startup, which has so far focused on reaching individual customers directly, will follow the TongueStun model to cater to corporate workspaces. Over time, we will also include the capabilities of the TongueStun app within Zomato, thus providing another very high frequency use case for our users – that is to order food for pickup from their cafeterias using the Zomato app. .... with the help of TongueStun we hope we’re able to delight our users at their workplaces as well. This market is very high frequency, and customers are very sticky - as they end up placing more than 20 orders a month on the TongueStun platform. — A Zomato spokesperson TongueStun is a B2B caterer which partners with food companies and restaurants to provide meals for around 1500 clients. Deloitte, Accenture, Mindtree and Genpact are some of its corporate clients. It currently operations in six cities; Hyderabad, Mumbai, Gurgaon & Noida, Mumbai, Pune and Bengaluru. Zomato will absorb the full workforce of TongueStun and services for clients will continue per status quo. TongueStun has so far raised less than $5 million from Uniqorn Ventures, which is a fund backed by investment bank O3 Capital, and Haresh Chawla, a partner at private equity fund…

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