Zomato Archives | Platform to Showcase Innovative Startups and Tech 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...

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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...

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Acquisitions

After UberEats, Zomato may Acquire Grofers

India’s consumer internet space may be heading for a big consolidation, with sources claiming that Zomato may acquire online grocery platform Grofers...

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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...

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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...

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Acquisitions

It’s official: Zomato Finally Acquires UberEats in All Stock Deal

After months of intense speculations, food delivery major Zomato has finally announced the acquisition of UberEats’ Indian business. The all-stock deal will...

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Funding News

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...

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News

Foodtech Major Zomato trims Cash Burn Rate by more than 50%

It is no secret that foodtech sector’s overreliance on the strategy of deep discounting has resulted in higher cash burn rate, eventually...

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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...

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News

To cut Operational Cost, Zomato Fires Nearly 100 Employees

Foodtech major Zomato has fired nearly 70-100 employees from its customer support team in Gurgaon in its latest cost-cutting drive. The Gurgaon...

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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....