Zomato announces investments in Shiprocket, Magicpin and Curefit

Zomato announced its investments in logistics software startup Shiprocket, hyperlocal discovery startup Magicpin and fitness startup Curefit. Zomato is investing $75 million in Shiprocket and $50 million in Magicpin and picking up stakes in the startups. Zomato is selling Fitso to Curefit for $50 million and investing an additional $50 million in Curefit, giving Zomato a 6.4% stake in Curefit.