Zomato acquires catering aggregator TongueStun in $18 Mn deal: Report

Over the last few months the foodtech space has been buzzing with lot of activities. This is probably reflection of the favorable sentiments that the investment community attaches to the foodtech space; a space that is largely dominated by Zomato and Swiggy. On Tuesday, this promising and young sector witnessed yet another important activity, after Zomato…

ByGirish ShettiSeptember 5, 20180Comments

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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

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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

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Swiggy seeks Fresh Funding as it aims for Unicorn status: Report

Swiggy is aiming for $250 Mn funding round Bengaluru based food delivery startup Swiggy is aiming for $250 Mn funding round from some high profile investors, according to close sources familiar with the matter. While this will surely fatten Swiggy’s cash reserves, it will also propel the startup into the coveted unicorn club. This would make…

ByGirish ShettiMay 16, 20180Comments

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Swiggy Raises $100 million from Naspers in Largest Fund Raising Round

Swiggy Raises $100 million from Naspers. Online food delivery startup and Zomato’s main rival Swiggy has scooped up $100 million (Rs 640 crore) in its largest ever fund raising round till date. The Series F fund raising round was led by existing investor and South African media giant Naspers, while a new Chinese investor Meituan-Dianping also…

ByGirish ShettiFebruary 8, 20180Comments

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Alibaba’s Subsidiary Firm Invests $200 Million in Zomato

Alibaba’s Subsidiary Firm leads $200 Million round in Zomato Online restaurant discovery and food delivery company Zomato has raised $200 million from Alibaba’s financial firm Ant Financial, according to Info Edge’s (Zomato’s largest investor) latest filing with the stock exchange. Interestingly, the timing of this investment has almost coincided with Alibaba’s fundraising round for online grocery…

ByGirish ShettiFebruary 2, 20180Comments

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Zomato Pursuing Merger Talks with Arch-rival Swiggy: Report

Zomato starts merger talks with rival Swiggy. Online restaurant discovery and ordering platform Zomato has initiated merger talks with main competitor Swiggy, according to people familiar with the matter. However, this proposed merger talk is likely to fall through, since Swiggy is reported to be not too happy with the share swap deal. Sources claim that Zomato…

ByGirish ShettiNovember 1, 20170Comments

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Zomato Invests Undisclosed Amount in Food Delivery Startup TinMen

Online food delivery startup Zomato invests in TinMen. Online food delivery startup Zomato has invested undisclosed amount in Hyderabad-based home chef aggregator TinMen. The investment comes barely a week after Zomato acquired Bengaluru-based logistics and food delivery startup Runnr. These latest consolidation moves will supposedly help the company in competing against the arch rival Swiggy, which…

ByGirish ShettiSeptember 25, 20170Comments

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