Temasek Holdings

Haldiram is a company that sells Indian snacks and sweets. They have been in business for over 80 years and have a wide variety of products, including sweets, savouries, tea snacks, and instant food.

Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

Country Delight specializes in producing and distributing high-quality, unadulterated milk. Its online platform enables customers to order milk products directly from farmers for doorstep delivery, also offering cottage cheese, ghee, bread, eggs, and other dairy items.

eFishery is an aquaculture technology company that develops IoT-based feeding systems and a cloud data platform to help fish and shrimp farmers grow their businesses sustainably. Its automatic feeder uses motion sensors to gauge appetite and determine feed amounts, while a dashboard provides monitoring and insights. The company also offers integrated services spanning farming operations, financing, and distribution, enabling farmers to boost productivity, reduce waste, and improve safety and equity in aquaculture.

Real Pet Food Company is a producer of fresh and chilled pet food products, catering to markets in Australia, New Zealand, the United Kingdom, and the United States. The company operates manufacturing facilities globally, focusing on creating healthy and nutritious food for cats and dogs using natural ingredients. Real Pet Food Company emphasizes sustainable practices while offering a diverse range of ingredients, textures, and flavors to meet the specific dietary needs of pets. In addition to serving pet owners, the company values partnerships with veterinarians and is committed to ethical practices within the community.

COFCO Fortune provides high-quality food to customers through a fully integrated value chain with many well-known retailers and other state-owned enterprises.

InnovaFeed is a biotech company developing insect-based protein and oils from Hermetia illucens for animal feed and aquaculture. Leveraging a technology that places insects at the heart of the agri-food system, it recycles nutrients to provide sustainable protein for feeding fish, birds, and small mammals. The company offers natural, sustainable ingredients from insect rearing, including high-quality insect oil rich in lauric acid, which has antimicrobial properties and can substitute imported oils in poultry and swine feed, supporting a more sustainable food system and diversified protein supply.

Oatside is a food and beverage company specializing in the production of oat milk. It operates a state-of-the-art facility dedicated to creating high-quality oat milk sourced sustainably, aiming to minimize environmental impact.

Country Delight specializes in producing and distributing high-quality, unadulterated milk. Its online platform enables customers to order milk products directly from farmers for doorstep delivery, also offering cottage cheese, ghee, bread, eggs, and other dairy items.

UPSIDE Foods, formerly known as Memphis Meats, is a cultivated meat company founded in 2015 and headquartered in Berkeley, California. The company specializes in producing real meat, poultry, and seafood directly from animal cells, eliminating the need to raise and slaughter animals. This innovative approach significantly reduces the resource consumption associated with traditional meat production, requiring less water, land, and energy. UPSIDE Foods aims to offer consumers clean, humane, and sustainable meat products, such as beef meatballs, chicken, and duck, all grown in controlled environments. The company is led by Dr. Uma Valeti, who is committed to transforming the food industry with healthier and environmentally friendly alternatives to conventional meat.

Country Delight specializes in producing and distributing high-quality, unadulterated milk. Its online platform enables customers to order milk products directly from farmers for doorstep delivery, also offering cottage cheese, ghee, bread, eggs, and other dairy items.

Golden Gate Trade & Service JSC is a Vietnamese company that owns and operates a chain of restaurants across the country. Founded in 2005 and based in Hanoi, the company also offers franchising opportunities to expand its brand. In addition to its restaurant operations, Golden Gate has developed the Golden Spoon application, which facilitates bookings and provides discounts at various dining establishments.

Wildtype is a San Francisco-based agtech company focused on developing clean and sustainable seafood through cellular agriculture. The company aims to address critical global challenges such as climate change, food security, and health by creating sushi-grade salmon that offers the same nutritional benefits as wild-caught fish but without contaminants like mercury, microplastics, antibiotics, or pesticides. By providing an alternative to traditional seafood, Wildtype seeks to protect wild species and oceans while contributing to the reversal of global food insecurity. The company's innovative approach positions it as a leader in redefining how meat is sourced, promoting healthier and more sustainable consumption options.

Next Gen Foods is a food-tech startup that offers plant-based meat products. Its plant-based products look and taste like meat and are developed using agricultural food ecosystems helping consumers to have foods that are rich in protein and nutrients. The company was founded in 2020 and is headquartered in Singapore.

eFishery is an aquaculture technology company that develops IoT-based feeding systems and a cloud data platform to help fish and shrimp farmers grow their businesses sustainably. Its automatic feeder uses motion sensors to gauge appetite and determine feed amounts, while a dashboard provides monitoring and insights. The company also offers integrated services spanning farming operations, financing, and distribution, enabling farmers to boost productivity, reduce waste, and improve safety and equity in aquaculture.

The EVERY Company, formerly known as Clara Foods, specializes in producing animal-free proteins for the food and beverage industry. Founded in 2014 and based in South San Francisco, California, the company utilizes advanced fermentation technology to create functional and nutritional proteins derived from microorganisms. Its product line includes baking ingredients, nutritional supplements, and egg white alternatives that are free from pathogens and suitable for various culinary applications, such as cakes and meringues. The EVERY Company aims to provide a sustainable, healthier, and kinder alternative to traditional animal agriculture by decoupling protein production from animals, thereby offering consumers healthy and affordable protein options without added sugars.

Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.

SaladStop! is a leader in the healthy food movement in Singapore, focused on providing nutritious and delicious options such as salads, wraps, grain bowls, and smoothies. With a commitment to homemade food free from artificial flavors and coloring, the company prioritizes nutritional transparency and climate-positive choices for consumers. Currently, SaladStop! operates 23 outlets in Singapore and Manila and is expanding its reach to Indonesia and Japan, aligning with its vision of becoming a global leader in nutrition, health, and wellness.

CureFit is a Bangalore-based health and fitness company established in 2016 by Mukesh Bansal and Ankit Nagori. It offers integrated digital and offline experiences across fitness, nutrition, and mental well-being, aiming to make these aspects of life fun and accessible. The company provides trainer-led group workout classes, healthy meal delivery services, yoga and meditation sessions for mental fitness, and hassle-free medical and lifestyle care through its mobile application.

NICK’S is a food tech company that manufactures keto diet-friendly ice cream, snack bars, and ice cream sandwiches. The company creates food products with the goal of revolutionizing the market for healthy snacks and sweets.

GoTo Group is an Indonesian technology company formed by the merger of Gojek and Tokopedia in May 2021. It integrates e-commerce, ride-hailing, delivery, and financial services into a single platform, primarily serving the Indonesian market. In 2024, GoTo divested its e-commerce business, partnering with TikTok Indonesia to create a new entity. Following this change, the company is expected to see its on-demand services generate the majority of its revenue, while its financial services begin to grow. Before the divestment, a significant portion of its non-financial services revenue was derived from e-commerce activities, and the company plans to expand its offerings to include loans and buy now, pay later options, enhancing its overall service ecosystem.

Perfect Day develops animal-free dairy proteins and dairy substitutes using fermentation to produce proteins that are nutritionally identical to cow’s milk. The company makes products including milk, cheese, yogurt, ice cream, and milk proteins without using animals. Its fermentation process uses yeast to convert plant-based sugars into dairy proteins, enabling products with the same taste, texture, and nutrition as traditional dairy while avoiding animal welfare concerns and reducing environmental impact. Founded in 2014 and headquartered in Emeryville, California, Perfect Day focuses on sustainable, vegan dairy alternatives that aim to appeal to both consumers and manufacturers seeking dairy-like ingredients without conventional dairy farming.

Growthwell Group is a producer of plant-based food solutions that focuses on providing sustainable and nutritious vegetarian options. The company specializes in high-quality plant-based ingredients and food products that are rich in protein, fiber, and carbohydrates. Growthwell aims to support food and beverage businesses and organizations through comprehensive logistics and customer service, enabling them to grow and succeed in a market increasingly focused on health and sustainability. By offering organic and healthy meat alternatives, Growthwell contributes to the development of both physical and mental well-being for consumers.

HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

Next Gen Foods is a food-tech startup that offers plant-based meat products. Its plant-based products look and taste like meat and are developed using agricultural food ecosystems helping consumers to have foods that are rich in protein and nutrients. The company was founded in 2020 and is headquartered in Singapore.

Licious is an innovative company in the Indian food industry focused on addressing the ongoing challenge of providing safe and high-quality fresh meat. It operates an online meat delivery platform that offers a variety of meat products, including fresh chicken, lamb, and seafood. Licious ensures that its products are carefully procured, processed, and stored, allowing consumers to conveniently receive fresh meat delivered directly to their homes. By enhancing the procurement and consumption of meat in India, Licious aims to transform the way meat is sourced and enjoyed by consumers across the country.

Bowery Farming Inc. is a modern agricultural company based in New York, specializing in post-organic produce. Founded in 2014, the company focuses on growing a variety of greens, including baby kale, lettuce, arugula, and basil, using innovative indoor farming techniques. By leveraging advanced technology, such as its proprietary BoweryOS software, Bowery Farming creates optimal conditions for plant growth, allowing it to operate without pesticides and using significantly less water compared to traditional farming methods. This technology enables the company to be over 100 times more productive on the same land footprint. Bowery's products are distributed through grocery stores and featured in the menus of renowned restaurants, emphasizing the company's commitment to providing fresh, sustainable produce to consumers.

Next Gen Foods is a food-tech startup that offers plant-based meat products. Its plant-based products look and taste like meat and are developed using agricultural food ecosystems helping consumers to have foods that are rich in protein and nutrients. The company was founded in 2020 and is headquartered in Singapore.

Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

Pairwise Plants is an innovative agricultural company based in San Diego, California, focused on gene editing to enhance the quality of fruits and vegetables. Founded in 2017 by a team of experts in biotechnology and agriculture, Pairwise utilizes advanced techniques, including base editing and high-fidelity enzymes, which are licensed from renowned institutions such as Harvard and Massachusetts General Hospital. The company develops new varieties of crops, including leafy greens, berries, and stone fruits, in addition to working with traditional crops like corn, soybeans, wheat, cotton, and canola. By collaborating with food and agriculture organizations, Pairwise aims to create healthier and more sustainable produce, with initial products expected to be available in the coming years.

InnovaFeed is a biotech company developing insect-based protein and oils from Hermetia illucens for animal feed and aquaculture. Leveraging a technology that places insects at the heart of the agri-food system, it recycles nutrients to provide sustainable protein for feeding fish, birds, and small mammals. The company offers natural, sustainable ingredients from insect rearing, including high-quality insect oil rich in lauric acid, which has antimicrobial properties and can substitute imported oils in poultry and swine feed, supporting a more sustainable food system and diversified protein supply.

V2food is a plant-based meat startup founded in 2019 by Nick Hazell and located in Sydney, New South Wales, Australia. The company specializes in producing legume-based meat alternatives that provide a nutritious and flavorful option for individuals who enjoy the taste of meat but prefer not to consume animal products. V2food's offerings are designed to be sustainable and eco-friendly, utilizing natural ingredients that deliver essential protein, energy, fiber, and specific amino acids. By focusing on reducing greenhouse gas emissions, land degradation, and biodiversity loss, V2food aims to foster a positive relationship with food while contributing to a more sustainable food system.

Zomato is a global online platform that combines restaurant discovery, reviews, and food ordering with table reservations. It enables users to search for restaurants, read and write reviews, rate experiences, and order meals for delivery or book a table. The platform connects millions of users with restaurants across multiple countries and provides an ecosystem for partners to engage through advertising. In India, it operates Hyperpure, a program that supplies high-quality ingredients to partner kitchens. Through its integrated services, Zomato aims to simplify dining and food procurement for consumers and support partners with a comprehensive suite of dining and ordering options.

Impossible Foods Inc. is a Redwood City, California-based company that specializes in developing plant-based substitutes for meat, dairy, and fish products. Founded in 2011 by Patrick Brown and Monte Casino, the company utilizes a combination of natural ingredients, including proteins, fats, amino acids, and vitamins sourced from greens, seeds, and grains, to recreate the taste and texture of traditional meats and dairy. Its product lineup includes items such as burgers and pork alternatives, which are marketed as healthier options for consumers. Impossible Foods distributes its products through various channels, including restaurants and online platforms in the United States.

Perfect Day develops animal-free dairy proteins and dairy substitutes using fermentation to produce proteins that are nutritionally identical to cow’s milk. The company makes products including milk, cheese, yogurt, ice cream, and milk proteins without using animals. Its fermentation process uses yeast to convert plant-based sugars into dairy proteins, enabling products with the same taste, texture, and nutrition as traditional dairy while avoiding animal welfare concerns and reducing environmental impact. Founded in 2014 and headquartered in Emeryville, California, Perfect Day focuses on sustainable, vegan dairy alternatives that aim to appeal to both consumers and manufacturers seeking dairy-like ingredients without conventional dairy farming.

Tropic Biosciences UK Ltd, established in 2016 and based in Norwich, is a biotechnology company specializing in the development of commercial tropical crops. It employs advanced plant breeding and non-GMO gene editing techniques to create high-performing varieties, catering primarily to the coffee and banana industries. The company's mission is to promote grower wellbeing, consumer health, and sustainable environmental practices through its innovative, non-GMO methods, which significantly accelerate the breeding process to meet growing food demands and local community needs.

Growthwell Group is a producer of plant-based food solutions that focuses on providing sustainable and nutritious vegetarian options. The company specializes in high-quality plant-based ingredients and food products that are rich in protein, fiber, and carbohydrates. Growthwell aims to support food and beverage businesses and organizations through comprehensive logistics and customer service, enabling them to grow and succeed in a market increasingly focused on health and sustainability. By offering organic and healthy meat alternatives, Growthwell contributes to the development of both physical and mental well-being for consumers.

CureFit is a Bangalore-based health and fitness company established in 2016 by Mukesh Bansal and Ankit Nagori. It offers integrated digital and offline experiences across fitness, nutrition, and mental well-being, aiming to make these aspects of life fun and accessible. The company provides trainer-led group workout classes, healthy meal delivery services, yoga and meditation sessions for mental fitness, and hassle-free medical and lifestyle care through its mobile application.

Impossible Foods Inc. is a Redwood City, California-based company that specializes in developing plant-based substitutes for meat, dairy, and fish products. Founded in 2011 by Patrick Brown and Monte Casino, the company utilizes a combination of natural ingredients, including proteins, fats, amino acids, and vitamins sourced from greens, seeds, and grains, to recreate the taste and texture of traditional meats and dairy. Its product lineup includes items such as burgers and pork alternatives, which are marketed as healthier options for consumers. Impossible Foods distributes its products through various channels, including restaurants and online platforms in the United States.

UPSIDE Foods, formerly known as Memphis Meats, is a cultivated meat company founded in 2015 and headquartered in Berkeley, California. The company specializes in producing real meat, poultry, and seafood directly from animal cells, eliminating the need to raise and slaughter animals. This innovative approach significantly reduces the resource consumption associated with traditional meat production, requiring less water, land, and energy. UPSIDE Foods aims to offer consumers clean, humane, and sustainable meat products, such as beef meatballs, chicken, and duck, all grown in controlled environments. The company is led by Dr. Uma Valeti, who is committed to transforming the food industry with healthier and environmentally friendly alternatives to conventional meat.

Califia Farms, LLC is a manufacturer of plant-based food and beverages based in Los Angeles, California. Founded in 2010, the company specializes in a range of products including cold brew coffee, plant milks, creamers, yogurts, juices, and protein oats. Califia Farms emphasizes the use of California-grown fruits and nuts, promoting wellness through its innovative offerings that are free from artificial ingredients and carrageenan. The company's mission is to provide delicious and mindful nourishment, and its products are available through various retail outlets and online grocery platforms. The brand name, inspired by the Spanish legend of warrior queen Califia, reflects a commitment to quality and sustainability in its beverage production.

Perfect Day develops animal-free dairy proteins and dairy substitutes using fermentation to produce proteins that are nutritionally identical to cow’s milk. The company makes products including milk, cheese, yogurt, ice cream, and milk proteins without using animals. Its fermentation process uses yeast to convert plant-based sugars into dairy proteins, enabling products with the same taste, texture, and nutrition as traditional dairy while avoiding animal welfare concerns and reducing environmental impact. Founded in 2014 and headquartered in Emeryville, California, Perfect Day focuses on sustainable, vegan dairy alternatives that aim to appeal to both consumers and manufacturers seeking dairy-like ingredients without conventional dairy farming.

Bowery Farming Inc. is a modern agricultural company based in New York, specializing in post-organic produce. Founded in 2014, the company focuses on growing a variety of greens, including baby kale, lettuce, arugula, and basil, using innovative indoor farming techniques. By leveraging advanced technology, such as its proprietary BoweryOS software, Bowery Farming creates optimal conditions for plant growth, allowing it to operate without pesticides and using significantly less water compared to traditional farming methods. This technology enables the company to be over 100 times more productive on the same land footprint. Bowery's products are distributed through grocery stores and featured in the menus of renowned restaurants, emphasizing the company's commitment to providing fresh, sustainable produce to consumers.

LF Logistics offers a suite of integrated logistics and supply chain management services in the Fast Moving Consumer Goods, Food & Beverage, Footwear & Apparel, and Retail sectors. Through its comprehensive distribution network in Asia, LF Logistics collaborates closely with over 400 brand owners and retailers to provide tailor-made warehousing and transport management solutions.

Calysta is a biotechnology company that develops sustainable protein ingredients through cellular agriculture. It produces FeedKind, a microbial protein for animal nutrition, using a patented fermentation process that requires no arable land or animal products. Calysta's mission is to address global food security and sustainability challenges by providing high-quality, environmentally responsible protein sources.

Impossible Foods Inc. is a Redwood City, California-based company that specializes in developing plant-based substitutes for meat, dairy, and fish products. Founded in 2011 by Patrick Brown and Monte Casino, the company utilizes a combination of natural ingredients, including proteins, fats, amino acids, and vitamins sourced from greens, seeds, and grains, to recreate the taste and texture of traditional meats and dairy. Its product lineup includes items such as burgers and pork alternatives, which are marketed as healthier options for consumers. Impossible Foods distributes its products through various channels, including restaurants and online platforms in the United States.

Perfect Day develops animal-free dairy proteins and dairy substitutes using fermentation to produce proteins that are nutritionally identical to cow’s milk. The company makes products including milk, cheese, yogurt, ice cream, and milk proteins without using animals. Its fermentation process uses yeast to convert plant-based sugars into dairy proteins, enabling products with the same taste, texture, and nutrition as traditional dairy while avoiding animal welfare concerns and reducing environmental impact. Founded in 2014 and headquartered in Emeryville, California, Perfect Day focuses on sustainable, vegan dairy alternatives that aim to appeal to both consumers and manufacturers seeking dairy-like ingredients without conventional dairy farming.

Bowery Farming Inc. is a modern agricultural company based in New York, specializing in post-organic produce. Founded in 2014, the company focuses on growing a variety of greens, including baby kale, lettuce, arugula, and basil, using innovative indoor farming techniques. By leveraging advanced technology, such as its proprietary BoweryOS software, Bowery Farming creates optimal conditions for plant growth, allowing it to operate without pesticides and using significantly less water compared to traditional farming methods. This technology enables the company to be over 100 times more productive on the same land footprint. Bowery's products are distributed through grocery stores and featured in the menus of renowned restaurants, emphasizing the company's commitment to providing fresh, sustainable produce to consumers.

Impossible Foods Inc. is a Redwood City, California-based company that specializes in developing plant-based substitutes for meat, dairy, and fish products. Founded in 2011 by Patrick Brown and Monte Casino, the company utilizes a combination of natural ingredients, including proteins, fats, amino acids, and vitamins sourced from greens, seeds, and grains, to recreate the taste and texture of traditional meats and dairy. Its product lineup includes items such as burgers and pork alternatives, which are marketed as healthier options for consumers. Impossible Foods distributes its products through various channels, including restaurants and online platforms in the United States.

Dream International B.V. is engaged in the global fine-dining restaurant sector, operating through four distinct subsidiaries. The Azumi group manages a portfolio of restaurants across seven countries, featuring well-known brands such as Zuma, Roka, Etaru, Inko Nito, and Oblix. Additionally, the company oversees the Coya group, the Paraguas group, and the Nusr-et group, each contributing to its diverse offerings in the food and beverage industry. Dream International B.V. is committed to providing high-quality dining experiences across its various restaurant brands.

Perfect Day develops animal-free dairy proteins and dairy substitutes using fermentation to produce proteins that are nutritionally identical to cow’s milk. The company makes products including milk, cheese, yogurt, ice cream, and milk proteins without using animals. Its fermentation process uses yeast to convert plant-based sugars into dairy proteins, enabling products with the same taste, texture, and nutrition as traditional dairy while avoiding animal welfare concerns and reducing environmental impact. Founded in 2014 and headquartered in Emeryville, California, Perfect Day focuses on sustainable, vegan dairy alternatives that aim to appeal to both consumers and manufacturers seeking dairy-like ingredients without conventional dairy farming.

Holachef is a Mumbai-based food services company founded in 2014 by Saurabh Saxena. The company specializes in providing chef-crafted meals that are both healthy and made from fresh ingredients. Holachef's platform allows consumers to easily access a variety of regional cuisines prepared by selected chefs, catering to meals for breakfast, lunch, evening snacks, and dinner. In addition to meal preparation, Holachef manages the logistics of food delivery, including packaging and storage, ensuring a seamless experience for customers seeking convenient dining options.

Impossible Foods Inc. is a Redwood City, California-based company that specializes in developing plant-based substitutes for meat, dairy, and fish products. Founded in 2011 by Patrick Brown and Monte Casino, the company utilizes a combination of natural ingredients, including proteins, fats, amino acids, and vitamins sourced from greens, seeds, and grains, to recreate the taste and texture of traditional meats and dairy. Its product lineup includes items such as burgers and pork alternatives, which are marketed as healthier options for consumers. Impossible Foods distributes its products through various channels, including restaurants and online platforms in the United States.

Boortmalt is a global malting company that produces and supplies high-quality barley malt to breweries, distilleries, and food industries worldwide. With an annual production capacity of 3 million tonnes across 27 plants on five continents, Boortmalt is renowned for its expertise in malting. As a subsidiary of Axereal, Europe's largest grain cooperative, Boortmalt ensures consistent access to premium barley.

Calysta is a biotechnology company that develops sustainable protein ingredients through cellular agriculture. It produces FeedKind, a microbial protein for animal nutrition, using a patented fermentation process that requires no arable land or animal products. Calysta's mission is to address global food security and sustainability challenges by providing high-quality, environmentally responsible protein sources.

Meituan is a Beijing-based Chinese technology platform that combines on-demand food delivery, local commerce, and social shopping. It retails and delivers Chinese food from local restaurants online and operates a social commerce website offering online group discounts for food, groceries, tickets, and other services, including entertainment and health/fitness sectors. Meituan is described as the largest food delivery platform in China, with a market share of roughly 60-70% in 2024 according to Morningstar estimates. In the third quarter of 2024, about 74% of revenue came from the core local commerce segment, encompassing on-demand food delivery, retail and in-store services such as visits to beauty and entertainment venues after purchasing deals, and hotel and travel booking, while the remaining 26% came from newer initiatives like Meituan Select and overseas food delivery. The company originated as Meituan Group in 2010, became Meituan-Dianping in 2015, and rebranded to Meituan in 2020.

Zomato is a global online platform that combines restaurant discovery, reviews, and food ordering with table reservations. It enables users to search for restaurants, read and write reviews, rate experiences, and order meals for delivery or book a table. The platform connects millions of users with restaurants across multiple countries and provides an ecosystem for partners to engage through advertising. In India, it operates Hyperpure, a program that supplies high-quality ingredients to partner kitchens. Through its integrated services, Zomato aims to simplify dining and food procurement for consumers and support partners with a comprehensive suite of dining and ordering options.