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Zomato in talks with NBFCs to give loans to restaurants: Report
short by Mansi Agarwal / on Wednesday, 29 May, 2024
Zomato is in talks with multiple NBFCs (non-banking financial companies) to give working capital loans to its partner restaurants, Moneycontrol reported. The food delivery major will reportedly act as a loan service provider (LSP), disbursing loans in exchange for a fee. This comes days after the company surrendered its payment aggregator licence.
read more at NewsBytes