Coca-Cola India completed the acquisition of a 15% stake in Thrive from Jubilant FoodWorks.

Coca-Cola India, a beverage major, completed the acquisition of a 15% stake in Thrive, a food-tech company that offers online ordering system for restaurants. Financial terms were not disclosed. “Coca-Cola India is delighted to partner with the Thrive Now ecosystem as we see digital capability as an essential multiplier for our India growth strategy. Meals are a critical consumption occasion for our beverages, so the eat & drink channel is an ideal place for us to be investing in technology and innovating to digitally enable every outlet to provide a superior consumer experience online and offline," Greishma Singh, Coca-Cola India & Southwest Asia Vice President, Customer & Commercial Leadership.