food delivery startup

15May By Lavina TolaniNo Comments

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Food Delivery Startup Swiggy Is Eyeing to Raise $250 Mn

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 as Japanese Agglomerate SoftBank, Chinese Firm Tencent, DST Global and Alibaba are currently in talks with Swiggy though, an official confirmation has not emerged until now. Earlier in February this year, the Food Startup had earlier raised a $100 (Rs 640 crore) million in a Series F round, one of its largest round so far led by Naspers. According to some sources reported by Techcircle, a person familiar with the matter said, "The only factor which i...

After A Failed Attempt At Ola Cafe, Ola Acquires Foodpanda In A Reply To UberEATS

Indian cab-aggregator unicorn Ola has acquired Foodpand India, run by Germany-based Delivery Hero Group. Run by ANI Technologies Pvt Ltd, Ola will also be investing around $200 million in Foodpanda's Indian business over an undisclosed period of time. "Foodpanda India will benefit from Ola's scale and efficiencies as a platform, also having leveraged learnings from Delivery Hero's global best practices. Ola and Delivery Hero will continue to collaborate on building the online food delivery ecosystem in India," Ola said in a statement announcing the acquisition. After the acquisition goes through, Saurabh Kochhar, current CEO of Foodpanda India will be succeeded by Ola's founding partner Pranay Jivrajka, Kochhar has decided to move on and pursue other opportunities. This acquisition is...

SaaS Startup Hevo Data Raises $1M Seed Round Funding

Data Integration platform Hevo Data has raised $1 million in a round of seed funding from IDG Ventures India, according to the latest press releases. Founded by the Manish Jethani(CEO) and Sourabh Agarwal(CTO), who previously launched SpoonJoy, an on demand food delivery app in India, the cloud-based SaaS(Software as a Service) startup that leverages machine learning to understand the source model for various data sources(databases, sensor data and cloud applications). Its cloud-neutral products run on Amazon Web Services, Google Cloud as well as Microsoft Azure. Having run food delivery startup before, the duo realized the shortcomings and problems that a typical delivery system faces. They needed to analyze and draw data from many sources such as Google Analytics, Mixpanel, Zendesk...