Uber Eats Likely to be Served on Swiggy’s Platter: Report

Uber Eats – food delivery unit of US based ride hailing giant – is inching closer to selling its India business to rival Swiggy, according to Economic Times (ET). The acquisition deal will mark the first major consolidation in the food tech sector, which has been suffering from huge cash burn problem in the wake…

ByGirish ShettiFebruary 22, 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

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Zomato may Divest its UAE Business to Compete with Swiggy

Zomato is in talks to sell its UAE business to German based food delivery firm Hero Delivery, according to sources familiar with the matter. The Gurgaon headquartered firm is likely to rake in $200 Mn-$250 Mn with this deal as it looks to shore up the financial resources to take on its arch rival Swiggy. Zomato…

ByGirish ShettiFebruary 1, 20190Comments

Funding News

Zomato likely to Raise $1 bn in Fresh Funding Round as Counter Move to Swiggy

Zomato is likely to add more fodder to the ongoing bitter battle with its rival Swiggy as sources have claimed to The Economic Times (ET) that it is likely to raise $1bn in new funding round. This seems to be a counter move to Swiggy’s recent funding round that saw the Bengaluru based firm raising…

ByGirish ShettiJanuary 2, 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

Funding News

War in Foodtech may intensify as Swiggy plans to raise Massive Funding

India’s foodtech sector is in the midst of an intense war and this is only likely to intensify further, with Swiggy and Zomato leaving no stone unturned in their slugfest. Now the latest buzz is that Swiggy is discussing with its largest investor Naspers to scoop up another fundraising round. The fundraising round is said to…

ByGirish ShettiOctober 25, 20180Comments

News

Swiggy to focus on Cloud Kitchen for faster delivery and growth

Swiggy has decided to aggressively pursue its cloud kitchen business model to enable faster delivery services for their customers. India’s leading food delivery startup had launched cloud kitchen model under the new vertical ‘Swiggy Access’ last year only for Bengaluru restaurants. Zomato’s rival now aims to bring onboard over 300 restaurants spread across different cities in the…

ByGirish ShettiSeptember 27, 20180Comments

News

Zomato may bring China’s Ctrip on board to take on Swiggy

Zomato seems to be inching closer towards second fundraising round of this year. China’s online traveling behemoth Ctrip is reportedly planning to invest $100 Mn in the Gurgaon based foodtech startup. The total fundraising amount is touted to be around $400 Mn, with existing investor Ant Financial (owned by Alibaba) also likely to contribute to…

ByGirish ShettiSeptember 10, 20180Comments

News

Swiggy’s largest Investor Naspers is in talks to invest in HungerBox: Report

India’s foodtech sector is suddenly buzzing with so many activities that it appears that the entire industry is going through renaissance period. Now the latest buzz is that Naspers, which is the largest stake holder in Swiggy, is in discussion to invest in corporate catering startup HungerBox. People familiar with the matter are claiming that South…

ByGirish ShettiSeptember 7, 20180Comments

News

Swiggy may soon receive fat Cheque from Investors: Report

Chinese internet behemoth Tencent is teaming with other global investors to write a fat cheque for Swiggy, according to people familiar with the matter. This fat cheque may land the food delivery startup a handsome amount of $500-700 million at a valuation of around $2.5-3 billion. If reports are to be believed, Tencent has already started…

ByGirish ShettiSeptember 4, 20180Comments

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