Topic
15 stories in this topic
Swiggy, one of India’s leading online food delivery platforms, has reported a near-doubling of its quarterly loss compared to the same period last year. This increase in losses is attributed to a significant rise in marketing expenditures aimed at securing a…
Shares of Indian food-delivery company Zomato plunged 14.3 per cent to a record low today, as a one-year lock-in period for promoters, employees and other investors came to an end following last year’s listing. Zomato made a stellar debut on July 23 last year…
The top brass of food delivery app Zomato are set to come together on the 17th of June to pen to paper and make the acquisition of Indian based start-up company Blinkit officially complete. The deal is set to be of a stock exchange type at a ratio of 1:10…
Instant grocery startup Zepto has raised $200 million in a new financing round as it looks to expand its 10-minute delivery service to more cities in India and grow its network of dark stores. Existing backer Y Combinator Continuity led Zepto’s Series D…
Indian on-demand grocery-delivery service, Zepto, has bagged US$100 million during its Series-C funding, taking its value to US$570 million within five months of its launch. Led by Y Combinator’s Continuity Fund, the round included investors Nexus, Breyer…
India’s food ordering and delivery platform Swiggy Tuesday said it has launched ‘Swiggy Stores’ moving beyond its core food delivery segment to provide access to consumers items across multiple categories. The company will deliver from these stores “in…
The National Restaurant Association of India (NRAI) on Tuesday said it has raised concerns over deep discounting and data masking by food ordering and delivery startups such as Swiggy, Zomato and Ola’s Foodpanda. According to a report, The restaurants’ body…
Leading food ordering and delivery start-up Swiggy has raised US $1 billion (Rs 7,000 crore) venture funds from existing investors led by Naspers, to strengthen its technology and hire talent, it said on Thursday. “Swiggy will use the funds to bring more…
Leading food ordering and delivery start-up Swiggy on Tuesday said it would engage about 2,000 women as delivery personnel by March 2019. “About 2,000 women will join our delivery team by March next year. Over the last few months, we have been working on…
Food ordering and delivery platform Swiggy Thursday said it has expanded its presence in the country by launching services in sixteen new cities across India. The new cities include Thrissur, Tirupur, Warangal, Aurangabad, Agra, Mangalore, Manipal, Jalandhar,…
The new cities are Dehradun, Puducherry, Mysore, Vijayawada, Nashik, Guwahati, Kanpur and Ludhiana, Swiggy said in a statement. The company has partnered with over 1,200 restaurants in these cities, it added. Commenting on the development, Swiggy COO Vivek…
UK food-delivery startup Deliveroo is preparing to launch in India. Valued at US$2 billion, the company is hiring a country head along with a full team, insiders say, according to The Times of India. It will go head to head with local players like Swiggy and…
Rocket Internet-backed Foodpanda India, which last year faced allegations of internal fraud and misappropriation of funds, is reported to be raising fresh capital. It has mandated Mumbai-based mid-market investment bank O3 Capital for a US$40-60 million…
Working with local partners, Google India has made online ordering and restaurant bookings easy. When people use their phones to search Google for nearby restaurants, the search results offer an option to “place an order”. By tapping the option, users can…
Foodpanda India appears likely to be shut down after parent Rocket Internet failed to find a buyer at a bargain basement price. It’s the latest chapter for the increasingly troubled Asian operations of Foodpanda which last monthgave up in Vietnam after…
