Jubilant FoodWorks to acquire 40% stake in Roadcast Tech Solutions
Jubilant FoodWorks has entered into Share Subscription Agreement, Shareholders' Agreement and Share Purchase Agreement dated 28 July 2022 to acquire 40% stake (fully diluted basis) in Roadcast Tech Solutions.
This investment reflects the Company's intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology.
Roadcast Tech Solutions (Roadcast) offers a logistics platform for management of last-mile delivery operations. Roadcast's delivery automation SaaS platform helps clients to monitor their fleet and personnel in real-time.
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First Published: Jul 28 2022 | 4:28 PM IST