UberEats May Infuse $100-200 Mn in Zomato in a Merger Deal: Report

It is no secret that UberEats India, owned by the US based ride hailing giant, is desperately on a lookout to search for a new buyer to sell off its loss making business. After its negotiation with Swiggy failed earlier this year, UberEats has now turned towards the other incumbent market leader – Zomato. Several…

ByGirish ShettiDecember 16, 20190Comments

Funding News

New Funding Round is all set to be Served on Zomato’s Platter

With UberEats and FoodPanda scaling down their businesses, it is now no secret that India’s foodtech sector is proving to be a major cash guzzler. The current two incumbent players Zomato and Swiggy are certainly expected to take advantage of the ongoing consolidation but even this won’t be possible without both keep raising funds at…

ByGirish ShettiOctober 4, 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

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

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

Zomato in discussion to raise $400 million from existing Investors: Report

Zomato in discussion to raise $400 million in fresh funding round. Online food delivery major Zomato is in discussion to fetch nearly $400 million through fresh funding round, according to people familiar with the matter. The development comes barely hours after Zomato’s main rival Swiggy raised $210 Mn from DST Global & other investors, propelling the…

ByGirish ShettiJune 22, 20180Comments

News

Zomato in talks with SoftBank to raise $200-250 Million: Report

Zomato in discussion with SoftBank to raise $200-250 Million. It seems that SoftBank seriously wants to become a potential kingmaker in India’s food delivery space as reports are emerging about its possible plan to invest $200-250 Mn in Zomato. This comes barely days after the news that claimed that SoftBank is among the front-runner to invest…

ByGirish ShettiMay 17, 20180Comments

Best Choice for Creatives