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Economic Times
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Zomato picks up 8% stake in kitchen appliances startup Byondnxt
- Zomato is acquiring an 8% equity stake in kitchen appliances startup Byondnxt Smart Home for Rs 6,000
- Byondnxt is a B2C firm that designs and manufactures kitchen appliances
- Zomato had previously acquired a stake in Mukunda, which offers smart kitchen equipment to B2B customers
- Zomato's board of directors approved an Rs 8,500 crore fundraise plan via a qualified institutional placement
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