Quick service restaurants startup Charcoal Eats which currently operates only in India is foraying into international markets starting with the Middle East and Europe. The company at present offers its services in about 30 locations across 11 cities in India. The company is expecting to enter the Middle East through Bahrain with about 8-10 outlets […]
The food delivery and restaurant discovery major Zomato has reportedly entered into a deal to raise funds amounting to $210 million (roughly Rs. 886 crores) from Alibaba’s online payment platform Alipay Singapore. This funding news has come a few weeks after the food-ordering platform announced the acquisition of TongueStun, a Bengaluru-based startup that serves corporate catering space […]
Online food delivery and restaurant discovery firm Zomato has ended the financial year 2017-18 with a 40% growth in revenues at Rs 466 crore. The firm also reduced its losses by almost 73% to come in at Rs 106 crore in FY18 as compared to Rs 390 crore last year. According to the reports, the firm witnessed its […]
India’s leading taxi aggregator Ola raises $50 million from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF). The SoftBank-backed company looking to battle against Uber in markets like India, the UK, and others. The latest funding round will make Ola’s valuation around USD 3.7 billion and USD 4 billion. Ola, in an extraordinary […]
This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018. The recap of funding for […]
The war between food delivery companies is at the peak from the past few days and is expected to continue for a longer time. The companies are continuing to bag in big capital flows with Swiggy being the recent one to join the league. According to the past news that we all know about Swiggy-Zomato […]
Food Delivery Platform Swiggy has sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club. The company has informed that the investment round also saw participation from hedge fund Coatue and existing backer Meituan Dianping, with a total capital crossing $466 million […]
It’s just been three months when Food Delivery Platform Zomato raised $200 Mn from Ant Financials and now it is gearing to raise fresh $200 Mn from Alibaba. Interestingly, Zomato’s arch-rival Swiggy is too nearing to acquire unicorn status as it is reportedly raising $200 million from Yuri Milner’s DST Global. While Swiggy has declined […]
India’s leading cab-hailing company Ola, run by ANI Technologies Pvt Ltd. has reported a phenomenal 70% jump in revenue in the year that ended 31 March 2017 as reported in its latest annual regulatory filings. As per the filings under the ministry of corporate affairs, Ola has recorded a revenue of Rs. 1,286 crore in […]
Cab Riding Major Ola is set to walk along the footprints of India’s most successful internet startup Flipkart as it is about to adopt a group holding company structure that would boost company’s valuation and improve its business management. According to sources, Ola will set up a holding company consisting of different units that will […]
While yesterday we reported the departure of Jeff Holden from American cab hailing company uber, today’s there is a news regarding exit of another senior official of rival cab company Ola. Ola’s operation chief Vishal Kaul has resigned after serving the firm for one year and four months marking a latest senior level change in […]
Online Food Delivery Startup Swiggy is eyeing to raise $250 million instead of $150-200 Mn as speculated earlier. This development has come into play at a time when the Bengaluru headquartered company is seeing intense investor interest that would help the firm to amp up its valuation and raise more money. Major Technology giants such […]