TikTok may soon launch its own Music App

Here are top trending news from the world of technology. News that we feel that every tech enthusiast should know. 1) TikTok may soon launch its own music app Spotify and Apple music may soon have a strong competitor. And that competitor is none other than TikTok. According to reports, TikTok’s parent company ByteDance had…

ByGirish ShettiAugust 1, 20220Comments

News

Scootsy all set to merge with Swiggy’s main app

Swiggy is planning to overhaul Scootsy’s operations by merging it with its main app, according to a report published in Economic Times (ET). This means that henceforth Scootsy will no longer operate as a separate entity. The development has been confirmed by Swiggy, according to ET. It further added that Scootsy’s customers will be redirected to…

ByGirish ShettiJune 8, 20200Comments

News

To Cope with COVID-19 Impact, Zomato to furlough 13% of its Staff

With nationwide lockdown severely impacting the restaurant business, it was but natural that the businesses of foodtech majors like Zomato and Swiggy will face a huge brunt. Therefore it did not come as a huge surprise to anyone when Zomato on Friday announced that it will lay off nearly 13% of its workforce. Image source: Flickr The…

ByGirish ShettiMay 15, 20200Comments

News

Swiggy may fire 800-900 Employees Next Month

Swiggy is likely to become the next high profile startup to hit by lay off blues in the aftermath of COVID-19 nationwide lockdown. According to sources privy to the matter, the foodtech major has received board approval for firing nearly 800-900 employees next month. Swiggy may fire 800-900 from its cloud kitchen unit next month.. Most of…

ByGirish ShettiApril 21, 20200Comments

Funding News

Swiggy bags Fresh Funding from Tencent & Others in Series I Round

Swiggy’s funding muscle has got a huge boost after it raised INR 264 Cr in series I funding round led by Tencent & other investors, according to INC 42. The other investors that participated in the round include Ark Impact investments, Korea Investment partner, and MACM India Growth Fund. Here is the breakup of the…

ByGirish ShettiApril 6, 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

Is Swiggy & Zomato’s Love Affair with Deep Discounting Coming to End

After e-commerce players, online food aggregators are now likely to face heat for their alleged practice of deep discounting and predatory pricing. According to reports, Department for Promotion of Industry and Internal Trade (DPIIT) has summoned Swiggy, Zomato, Foodpanda and Uber Eats for a meeting to resolve the contagious issue of deep discounting. The meeting…

ByGirish ShettiJuly 4, 20190Comments

Funding News

SoftBank may Soon Serve Fresh Funding on Swiggy’s funding plate

SoftBank’s long drawn predicament over whether to choose Swiggy or Zomato to mark its first investment in India’s foodtech sector seems to have been finally resolved. If media reports are to be believed then Japanese telecom giant’s investment appetite are increasingly tilting towards to Swiggy, which leaves Zomato pretty much in lurch. SoftBank may pump $300-500…

ByGirish ShettiJune 5, 20190Comments

Acquisitions

UberEats is off Swiggy’s Acquisition Menu: Report

Foodtech majors Swiggy and UberEats have called off their much hyped up acquisition talks, according to people familiar with matter. The high profile acquisitions talks collapsed as both companies failed to agree on number of contagious issues like financial terms and taxation clauses, sources have claimed. The collapse of acquisition talks has scuttled down the…

ByGirish ShettiApril 5, 20190Comments

Funding News

Zomato Raises $62.5 Mn to Catch up with rival Swiggy

Food delivery major and online restaurant discovery platform Zomato has raised $62.5 Mn (nearly Rs 441 crore) in a latest funding round. The German food-tech giant and Naspers backed Delivery Hero spearheaded the funding round. Naspers indirect presence as a stakeholder in Zomato makes for an interesting proposition as it is the largest stakeholder in…

ByGirish ShettiMarch 2, 20190Comments

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