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Decoding: Why Food Tech Startups Are Not Successful in India?

30Aug By NitishNo Comments

Story

Decoding: Why Food Tech Startups Are Not Successful in India?

Last 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 tech startups taking a lesson from it. Due to lack of perfect business model and strategy, most of the shop owners stop using online food services. Reasons Why Businesses Had to Scale Down Indian market is not mature enough to order food online. They only order food when there is a discount. Sad but true. We saw 100–150 orders from the single restaurant just for dinner on weekends when foodpanda was running a discount. Immediate next week when foodpand...

Deal: Roadrunnr and TinyOwl in Early Stage of All-Stock Deal

9May By NitishNo Comments

ACQUISITION

Deal: Roadrunnr and TinyOwl in Early Stage of All-Stock Deal

As per the report in ET, Roadrunnr (Logistics player) and Tinyowl(online food ordering platform) are in early stages talks to merge in an all-stock deal. Venture funds including Sequoia Capital and Nexus Venture Partners invested in both the startups. At present, both companies have cash to sustain operations for at least 10 months. The talks under way for a few months now, are still at a preliminary stage the sources said. If talks prove successful, the combined entity could explore several options including launching food ordering and delivery services and may also expand to categories beyond food like the launch of bike taxis, the sources said. If the deal does goes through, the combined entity may look at raising fresh funding of about $40 million, the person said. A successfu...

The real reason why 500 people lost their job at FoodPanda

5Jan By No Comments

BLOGS

The real reason why 500 people lost their job at FoodPanda

After Zomato and TinyOwl, FoodPanda India has announced that it is laying off over 500 employees - What's going wrong here? FoodPanda is a known name in the Indian food ordering business - presence in all top cities and most restaurants seem to be covered by them - they announced lay off's today and the unofficial number of people fired stands around 500. So what exactly is going wrong here? Is there something wrong in the food delivery business model in India (given the recent lay off's at TinyOwl and Zomato)? Or is this is bigger phenomenon of the start-up ecosystem itself? Let's look a bit deeper into this issue. Why suddenly grow from 180 people to 1,200 in 10 months and then fire 500 people? According to to official statement of FoodPanda, they rapidly grew from 180 people in Febru...

Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

23Sep By No Comments

News

Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

Saras Agarwal's main agenda at a networking event early this year was to meet Zishaan Hayath, cofounder and chief executive of education technology startup Toppr. The associate vice-president at VenturEast, among India's oldest venture capital firms, wasn't looking to invest in Toppr but discuss startups Hayath had put his money into. "It was a general meet-up from the point of view of deal flow to understand what kind of startups (Hayath) is interested in," Agarwal said. Hayath represents a widening pool of so-called super angels — reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses, having been among the earliest to bet on consumer Internet companies such as Ola, Housing, TinyOwl, Grofers and Delhi...