Tiger Global Debuts in Food Tech with $102 Mn funding in Zomato

Zomato has raised fresh $102 Mn or INR 760 crore from Tiger Global in the ongoing series J round, this is a top-up from $62 Mn it secured from existing investor Temasek barely a week ago. Investors are apparently showing palpable confidence in the company despite the fact that foodtech sector was reeling badly in…

ByGirish ShettiSeptember 10, 20200Comments

News

Zomato’s Revenue grows by 105% to reach $394 Mn in FY20

Gurugram based foodtech major Zomato on Friday disclosed that its revenue earnings for the financial year ended March 2020. The Ant Financial backed company said that its revenue grew by 105% to reach $394 Mn and assured its investors that the company is well on its way to improve its monthly revenue by 60% in…

ByGirish ShettiJuly 10, 20200Comments

News

Zomato Promotes Mohit Gupta to co-founder position

The trend of promoting a top executive to position of co-founder is a rare thing for Indian startups but Zomato has now done this rare thing twice in a matter of one year. After elevating COO Gaurav Gupta to co-founder position last year, the foodtech major has now promoted Mohit Gupta, CEO of food delivery…

ByGirish ShettiMay 25, 20200Comments

Funding News

Foodtech Major Box8 raises Fresh Funds

The full-stack foodtech delivery player Box8 has raised fresh funds to ramp up its business. The company saw a capital infusion of INR 30 crore in a round that saw a mix of debt and equity investments. The round was led by existing investors IIFL Seed Ventures Fund and Mayfield Fund. Foodtech Major Box8 secures INR…

ByGirish ShettiApril 18, 20200Comments

News

Uber may Integrate UberEats into its Main Ride-hailing App: Report

Ride-hailing giant Uber has been left wondering to what to do about UberEats business in India, after the latter failed to seize sizable market share in India’s food delivery market. But now the parent company has apparently conjured a viable solution and the solution is to integrate UberEats into its main ride-hailing app. Image source: Flickr According…

ByGirish ShettiSeptember 6, 20190Comments

News

Defunct Startup Holachef in FoodPanda’s shopping list: Report

FoodPanda in talks to acquire Defunct Startup Holachef When last year Ola bought FoodPanda’s India business, most analysts thought that it was a very ambitious move taken by India’s largest cab hailing company. Keeping in line with this ambitious move, Ola is in now talks to acquire defunct food delivery startup Holachef. Sources claim that Ola…

ByGirish ShettiAugust 2, 20180Comments

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