Zomato’s Highly Anticipated IPO likely to hit the market next month

Zomato is inching towards its moment of truth, with the unicorn startup bracing for its highly anticipated IPO that is now likely to hit the market next month. However, nothing has so far come from horse’s mouth as the Gurgaon based company continues to remain tight-lipped over the public filing. But highly placed sources are claiming…

ByGirish ShettiMarch 20, 20210Comments

Acquisitions

$206 Mn: That’s how much Zomato paid to acquire UberEats

US based ride-hailing giant Uber sold its Indian food delivery business – UberEats – to Zomato for $206 Mn, according to company’s latest regulatory filings. Zomato acquired UberEats India business in January in all stock deal, with the latter acquiring 9.9% stake in the Gurgaon based company. However, back then both companies refused to disclose financial…

ByGirish ShettiMarch 4, 20200Comments

News

Why UberEats Sell Off to Zomato is a smart move by Uber

This week marked an important event for ride-hailing giant Uber, after the San Francisco headquartered company finally managed to sell off its UberEats India business to one of the prominent local rivals. Rumors and speculations were rife since last year that the SoftBank backed ride-hailing company is engaged in an intense negotiation to offload its…

ByGirish ShettiJanuary 24, 20200Comments

News

Eyeing Profitability, Swiggy Increases Commission Rates

I for one always passionately believed that sanity will eventually prevail on cash burning Indian startups, as and when the consolidation drive will kick start. And therefore Techpluto wasn’t least surprised when it learnt that Swiggy has not only started charging more commission from restaurants but also increased its delivery fees (paid by its customers). …

ByGirish ShettiJanuary 3, 20200Comments

News

Zomato surges ahead of Swiggy in Valuation Game, HSBC Report Claims

Zomato can take a sigh of relief as the startup gears up for its fresh fundraising round that may fructify in a matter of months and weeks. This is all thanks to HSBC Global Research’s latest report that has pegged the Gurgaon based startup’s valuation at $3.6 billion, or about Rs25,000 crore. This is not…

ByGirish ShettiMarch 13, 20190Comments

News

Swiggy Moves Beyond online Food Delivery Business

Swiggy on Tuesday made a surprise announcement that clearly marked company’s future aggressive strategy for growth. The Bengaluru headquartered company said that it will now soon start delivering home essential products to consumers. These home essential products would mainly include groceries, vegetables, baby care items and medicines. Swiggy will soon start delivering home essential products This will…

ByGirish ShettiFebruary 12, 20190Comments

News

Govt’s new Rules may make Life little Difficult for Swiggy & Zomato

It seems like India government is in no mood to give any more leverage to the startup world. Barely 48 hours after issuing new guidelines for the E-commerce industry that has made Flipkart & Amazon worried, it has now issued new guidelines for the foodtech sector as well. These tough new guidelines may make life…

ByGirish ShettiDecember 28, 20180Comments

Best Choice for Creatives