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All posts tagged "Zomato"
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1.1KAcquisitions$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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861NewsWhy 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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744AcquisitionsIt’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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665Funding 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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1.5KNewsFoodtech 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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2.5KFunding NewsNew 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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1.1KNewsTo 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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1.6KNewsIs 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....
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2.5KNewsZomato surges ahead of Swiggy in Valuation Game, HSBC Report Claims
Zomato can take a sigh of relief as the startup gears up for its fresh fundraising round that may fructify in a...
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1.8KFunding News
Zomato Parts ways with UAE Business & Closes Series I Round
Zomato has reached an agreement with German-based food tech delivery major Delivery Hero to sell its UAE business for $172 million (Rs...
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2.0KFunding NewsZomato 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....
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1.6KNews
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...
