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Chinese payments group Alipay plans to sell its 3.4 per cent stake in Indian food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal’s term sheet. Alipay,…
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 food delivery startup Zomato Ltd ` will raise US$1.26 billion by pricing its shares at 76 rupees each in its initial public offering, according to two sources with direct knowledge of the matter. The sources could not be named as the information has…
Local food-delivery app Zomato has purchased Uber Eats in India. “We are proud to have pioneered restaurant discovery and to have created a leading food-delivery business across more than 500 cities in India,” said Zomato CEO Deepinder Goyal. “This…
Online restaurant guide and food ordering firm Zomato Monday said it is planning to convert 40 percent of its delivery fleet into power-assisted bikes in two years. Currently, the company has over 5,000 cyclists operating across 12 cities in India, with the…
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…
Online restaurant guide and food ordering firm Zomato on Friday said it is expanding food delivery services to 100 cities over the next week. The company’s food delivery services are currently present across 93 cities and lists over 75,000 restaurants on the…
Myntra has announced the launch of its loyalty program, Myntra Insider. A first of its kind in the country, the program is a comprehensive package, designed to strengthen engagement with its users to drive stickiness on the platform. This open-to-all program…
Online restaurant guide and food ordering firm Zomato on Wednesday said it has expanded its ordering and food delivery services to Vijayawada, Madurai, and Cuttack as part of its expansion plans. With this launch, Zomato’s online ordering services are now…
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…
