Food delivery giant Zomato has acquired Feeding India. a non-profit organization. With this step, Zomato aims to deal with the issues of hunger and food wastage across the world.
With this acquisition, Zomato will fund the entire salaries of the team and some core initiatives of the non-profit organization including the revamping of Feeding India website, and will also support the development of a ‘Feedi.ng’ app to connect Feeding India’s donors and volunteers.
However, Feeding India will continue to be a non-profit entity. This means that all the money raised will remain with Feeding India which will be used for their mission of providing food for everyone.
Zomato targets the platform to serve at least 100 million underprivileged people every month.
Zomato Founder and CEO Deepinder Goyal wrote in a blog post,” Zomato is aiming to get the first Feeding Global – Financial Transparency Report, out by October 2019.”
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.
Zomato has recently taken multiple initiatives to strengthen its Corporate Social Responsibility (CSR).
The company has recently announced equal paid parental leave of 26 weeks for both men and women employees. This was noteworthy for the fact that even developed countries such as the U.S. only have provision for unpaid 12 weeks’ maternity leaves.
Also, earlier last month, Zomato announced its expansion to 300 cities along with the launch of the Zomato Lite App. This app will target users in Tier 2, 3 cities as well as rural India.
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