October 26th, 2018Online food delivery player Foodpanda has reportedly expanded its delivery network to 30 more cities in India which has further increased its existence to 50 cities across the country.
With this expansion, the company mentioned that its delivery network is now live in cities like Jodhpur, Kota, Udaipur, Amritsar, Ludhiana, Jalandhar,...
June 20th, 2018It'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...
May 28th, 2018Cab 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...
May 19th, 2018While 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 the cab...
May 15th, 2018Online 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...
April 25th, 2018Foodpanda, the food delivery app announced on Tuesday that it will begin a partnership with PhonePe to provide digital payments to every users on their platform. Moreover, Foodpanda users will benefit from a cashback of 50% up to Rs 100 on their first order as a first offer from PhonePe.
This partnership will now enable consumers to...
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...
February 7th, 2018Indian cab aggregator Ola has announced that it is shutting down its bus unit Ola Shuttle, as a part of a "re-balancing" of its mobility portfolio, reported Economic Times.
Ola's Shuttle bus service will now be terminated in cities of Delhi-NCR, Mumbai, Kolkata,Hyderabad and Chennai.
The news is surprising as the SoftBank backed...
December 19th, 2017Indian 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...
November 29th, 2017Indian food delivery startup Foodpanda has reported its latest revenue figures FY 16-17 which reflect a 64 percent jump in the revenue over the last years.
The food-delivery company earned Rs. 62.16 crores in FY 16-17 compared to Rs. 37.81 crores in FY 15-16 owing to strong order growth in key markets.
Wrapping up a strong year for...
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...
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...
