A fund floated by Forum Synergies and Spain's Axon Capital has bought a minority stake in Bangalore-based online food ordering portal, Justeat.in. The company was until now majority owned by UK-based Just Eat Holdings Ltd. Justeat.in, which connects restaurants and consumers, will use the funds to hire engineers and marketing talent to scale up technology and set up operations in Chennai, Hyderabad and Pune.
From the Venture Intelligence M&A Deal database: In Jan-11, Just-Eat had made its India entry by acquiring the Indian Angel Network backed HungryZone.
Source: Economic Times
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