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Deal Alert: Forum Synergies fund buys minority stake in online food orderubg service Justeat.in

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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

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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