Sunday, June 23

Tag: Zomato

Nearly 700 Startup Founders Urge PM Modi to Defend Net Neutrality
News

Nearly 700 Startup Founders Urge PM Modi to Defend Net Neutrality

NEW DELHI- Hundreds of startups, including bigger players like Zomato, Cleartrip, Paytm and their employees, have approached Prime Minister Narendra Modi to defend net neutrality, which they define it as access to content on the internet without any discrimination. "We urge you to ensure that the recently announced initiative, Start-Up India, addresses the concern of net neutrality, with clearly defined policies and firm rules," the letter said. Around 500 people have signed the letter including Zomato founder Deepinder Goyal, Cleartrip founder Hrush Bhatt, XYSEC LABS founder Subho Halder, iSPIRT Foundation co-founder Sharad Sharma and Paytm founder Vijay Shekhar Sharma. There are 1,467 signatories to the letter, including 681 founders of various startups. Startups expressed gr...
China’s Baidu in talks with Indian e-commerce start-ups for funding
BUSINESS, News

China’s Baidu in talks with Indian e-commerce start-ups for funding

Baidu Inc, a Chinese web services company, is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China's top online search provider said on Wednesday. "The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there in the future," the spokesman told Reuters by email. Baidu declined to comment on possible investment amounts or time frames. India's technology start-up market is booming as more and more people shop online, in a country where about 20 percent of a population of 1.3 billion are connected to the Internet. The e-commerce market could grow in terms of the value of goods sold to $220 billion by 2025 from $11 billion in 2015, Bank of America Merr...
The real reason why 500 people lost their job at FoodPanda
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...
Zomato Founder Apologies for Zomato’s Porn Campaign
News

Zomato Founder Apologies for Zomato’s Porn Campaign

Deepinder Goyal, Founder of Zomato apologised on Zomato Blog because of some folks got offended by the recent porn campaign. Zomato had tried an advertising campagin that involved using websites similar in nature to porn7 to, however, this tactic seemed to backfire with Zomato's audience, causing the founder to offer an apology. In Blog, he posted about how this less expensive marketing tactic works but at the same time felt sorry for "such cheap marketing was not expected from a brand of our standard and also supporting abuse." Deepinder Also wrote - For a start, we’re killing the porn site campaign, because we sense we crossed the fine line between marketing irreverence and cultural insensitivity. If we did, and ended up offending or disrespecting anyone in any way at all, we are so...
Order Dunkin Donuts burgers via Zomato
News

Order Dunkin Donuts burgers via Zomato

Zomato, the restaurant discovery and food ordering app, today announced a partnership with Dunkin' Donuts India, the country's first all-day part adult QSR. The partnership will allow consumers to order the newly launched 'Too Much Burgers' online on Zomato, the only platform offering this option. Dunkin's complete range of burgers, sandwiches, wraps and donuts will be available for online ordering. Through this partnership, Dunkin' Donuts will serve consumers from across 33 restaurants in Delhi NCR, Mumbai, and Bangalore out of total 67 restaurants nationally, using Zomato's online ordering services. Restaurants in more locations will be added shortly. "We're very pleased to announce the partnership with Zomato. This is the first time we will be delivering our burger range on any onli...
News

Challenges, growth and takedowns of Online Food & Groceries startups in India

Many emerging start-ups like BigBasket and PepperTap have started to acquire the market with their services of providing food and groceries right to your doorstep. Providing over more than 14,000 products all over from pulses to dairy and eggs and all that too online is no small thing. These startups have slammed the accelerators and are working hard and consistently to grow over into the deepest of valleys and every street in their working region. (more…)
Zomato entering into online food business
News

Zomato entering into online food business

The next food order that you place from your favorite restaurant online might be delivered to your doorstep by Zomato itself. The Gurgaon-based company is planning to foray into last-mile delivery business. The company is in the process of finalizing its strategy for the same and is considering multiple op ions for introducing last-mile delivery options to its users in he coming months. "We are working on it and we may do it via an acquisition or partnership. Also, we might end up doing it on our own," Deepinder Goyal, founder and CEO of Zomato, told TOI. Goyal-led company is known for being a leading restaurant review platform in the country and it recently entered into online food-ordering business as the review space is getting crowded with multiple players, who have managed t...
News

Breaking: 35 Indian companies among the global cashback industry leaders

A new research report released today identifies 35 Indian companies among the global cashback industry leaders. The report analyzes the growth of the industry, its important role in worldwide e-commerce, and the trends and challenges faced by this quickly growing industry. "We identified 35 Indian companies in this worldwide ranking of cashback industry leaders," said Douglas G Hall, lead author of the report. "Cashback companies in India have seen significant growth and more than $4 billion in venture capital investment. India is the most exciting market in the global cashback industry at the moment." Indian companies highlighted in the report include Flipkart, Snapdeal, Jabong, Paytm, Zomato, Mydala, CouponDunia, Yatra and Cashkaro. E-commerce in India is now valued at more than $5...