April 10th, 2018Ola is reportedly considering setting up an independent food-tech company after acquiring food ordering app Foodpanda in December and began negotiations to acquire additional private food firms.
Ola has already held talks with Freshmenu officials and another firm operating in the same market segment, according to three anonymous...
November 14th, 2017Online food ordering and delivery platform Swiggy today announced the launch of Swiggy Access, an initiative to bring quality food closer to consumers while enabling business expansion for its restaurant partners.
For the restaurant partners, these ready-to-occupy kitchens will offer them a basic setup with the required amenities. No...
October 17th, 2017Run by Maverix Platforms Pvt. Ltd, ready-to-cook food brand Fingerlix, has recently raised $7 million in a Series B funding round led by Accel Partners and its existing investor Zephyr Peacock India.
The startup is also planning to launch recipe-based offerings in several centre-of-plate categories. Other than that, it will be...
September 30th, 2017Gurugram-based food technology startup Yumist has decided to shut down its operation after it failed to raise any funding. The startup cooked its own meals and delivered to the customer's' doorstep through a cloud kitchen model.
Yumist posted a blog on Friday stating that it was unsuccessful in raising fresh capital to survive in...
September 13th, 2017Online food delivery and restaurant discovery platform Zomato has finally acquired on-demand logistics and food delivery startup Runnr.
"Emotionally, the deal has been in place for a couple of months now, and both the teams have been working closely with each other quite some time now. So much so, Mohit Kumar, the Founder & CEO of...
May 30th, 2017Online food delivery platform Swiggy today said it has raised USD 80 million (over Rs 517 crore) in series E funding led by global internet group and technology investor Naspers.
The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture...
December 10th, 2016Berlin-based online food takeaway service Delivery Hero, one of Europe's biggest start-ups, will acquire competitor Foodpanda, a sign of further consolidation to fend off new competition in Europe's sought after food-delivery business.
Delivery Hero, which was valued at 2.89 billion euros ($3.05 billion) in its last funding round a...
August 31st, 2016Online food ordering and delivery firm Foodpanda is in the process of a fresh round of fund raising for expansion and has mandated investment bank o3 Capital for this.
The company however did not share the amount it is seeking to raise.
Foodpanda, which had attained operational profitability early this year, is aiming to regulate...
August 30th, 2016Last year before Diwali we covered an interview of a 25-year-old Bikaneri sweet shop owner from Noida "What kind of Startup Services a “Bikaneri Sweet Shop” Owner Needs?". Here we mentioned each and every point of a sweet shop owner needs from food tech startups. Though after a gap of one year we still feel that none of the food...
May 9th, 2016An HSBC analyst report marked down our valuation from $1b to $500m. For starters, this is very different from all the markdowns so far where investors have marked down their own investments. But given all the media reports, I got a lot of questions from people at Zomato about what’s going on. Here’s an email I sent to everybody at...
May 9th, 2016Not getting over Fund crunch cyclone in Indian startup ecosystem, it seems one more cyclone is going to hit Indian startups called as "valuation cut-off". After India's leading e-commerce company Flipkart valuation cut-off, the cyclone is hitting one more Indian startup "Zomato".
The brokerage arm of HSBC's bank, HSBC Securities and...
