Kerala has experienced one of the worst floods ever caused because of the heavy rainfall. The damage has been of great deal, but in these desperate times, many tech giants like Google, Amazon, Facebook have stepped forward to offer help in any which way they can. While Xiaomi has contributed to the cause too, the
Online restaurant guide and food ordering firm Zomato today said it has expanded its ordering and food delivery services to Vijayawada, Madurai, and Cuttack as part of its expansion plans. With this launch, Zomato's online ordering services are now available across 31 cities in India, Zomato said in a statement. Zomato Food Delivery CEO Mohit
The online food delivery industry in India will see a major shake-up, as Bangalore-based Swiggy has acquired Scootsy, a Mumbai-based food delivery platform that is one of its competitors in the industry. The acquisition is an all-cash deal worth Rs 50 crore, and will see the Scootsy brand name and identity being retained in Mumbai,
Swiggy, the food delivery startup, is following on the footsteps of Zomato by offering subscription-based service. The Bengaluru-based food delivery firm has announced its foray into the paid subscription-based business with the launch of Swiggy Super, its first ever membership program. The food delivery startup says that Swiggy Super will offer unlimited free deliveries to
Zomato is the one of the most popular apps to find restaurants to go to or order food from in India, thanks to its huge network of partner restaurants. Today the company is announcing the launch of Zomato Piggybank, which is a new reward points program for its loyal users. The company states that the
Food ordering app Zomato on Wednesday said it has launched its restaurant reviews and ratings platform across 25 new cities in India, taking the number to 63 cities. Newly launched cities are Thiruvananthapuram, Vijayawada, Raipur, Madurai, Jodhpur, Thrissur, Ajmer, Manali, Alappuzha, Gorakhpur, Ooty, Kota, Manipal, Dharamshala, Jammu, Haridwar, Jalandhar, Rishikesh, Mussoorie, Udupi, Cuttack, Shimla, Palghat,
Zomato and Swiggy, among the largest food technology companies in India, are planning to raise new capital through investors as they look to tap into renewed investor interest and growth in the food technology space. According to reports, both companies will look to raise between $200 million and $400 million each. It is also believed
Pankaj Chaddah, co-founder of online restaurant guide and food ordering app Zomato has resigned from the company after serving 10 years saying he will take a few months break and start something new. In his letter to the employees posted today on the company's blog, Chaddah said: I have been thinking of moving on for
Alibaba's affiliate Ant Small and Micro Financial Services Group (Ant) has invested about USD 200 million in online food ordering app Zomato. A regulatory filing by BSE-listed Info Edge (a large shareholder in Zomato) said Zomato has signed a "definitive agreement to undertake a primary fund raise of an amount of approximately USD 150 million
Zomato, the leading food ordering and restaurant discovery platform, has raised $200 million from Ant Financials, an affiliate company of China's Alibaba Group. The new funding values Zomato Media Pvt. Ltd. at $1.1 billion, making it another unicorn in India's startup ecosystem. Info Edge (India) Ltd, the company that runs job portal Naukri sold its
Uber rival Ola is set to re-enter the food delivery space, and this time by acquiring Foodpanda. The cab aggregator has bought the India business from its Germany-based parent Delivery Hero Group. Neither of the companies has announced what the deal is worth, but reports claim that it is likely to be a stock-based acquisition
Foodtech startup has generated significant interest among investors and rivals lately. First, there were speculations that Flipkart was looking at an investment in it. Then came reports of Zomato exploring merger talks with its biggest domestic competitor. And now, fresh reports suggest that SoftBank might be lining up a $250 million investment in Swiggy. If
Zomato has launched its premium membership program, Zomato Gold, in India, less than ten days after opening for sign-ups. And if reports are to be believed, memberships have been selling like hot cakes, with Zomato recording over 26,000 subscriptions on day one itself. At present, the service is available in select Indian metros, but Zomato plans to expand it to other cities too. It has partnered with over 1,200 restaurants, bars and cafes for the service, and Gold subscribers would stand to win complimentary food and beverages at any hour of the day. However, the offers are not valid on special/set menus and buffets.
Zomato's premium membership program, Zomato Gold, will launch in India soon, more than half a year after debuting in the UAE. The food-tech startup tweeted a teaser this morning without revealing a specific launch date. Pre-launch sign-ups have already begun. Interested users can log in to the Zomato site, and enter their email address. They'll be added to the invite list and receive prior information about the launch. Zomato is offering the first 10,000 memberships at "early bird prices".
Zomato, which recently turned profitable, is said to have explored a merger with its biggest domestic rival Swiggy. The two food-tech companies held preliminary discussions last week, according to reports. However, nothing concrete emerged owing to differences over business alignment and valuations. While Zomato proposed a 4:1 stock-based merger, Swiggy wanted to buy out its rival's food delivery business (Zomato Order) only.
Just a week after Zomato announced that it was profitable, the company has invested in Hyderabad-based home-food startup Tinmen. This will allow Zomato to strengthen its operations in the city as well as allow Tinmen to leverage the former's vast user base. Tinmen is similar to Mumbai-based Holachef which counts Ratan Tata among its investors that aggregates home-chefs and delivers pre-scheduled meals in offices and homes. It services about 30,000 orders a month.
The malicious outsider attack on food delivery app Zomato that exposed 17 million records was the sixth biggest data breach globally in the first half of 2017, a new report said. According to the "Breach Level Index" released by digital security firm Gemalto, a total of 203.7 million data records were compromised in 18 data breaches in India in the firsh half.
India's premier food startup Zomato, which is close to being a unicorn, has announced that it is now a profitable business. "Yes, throughout the 24 countries where we operate, and across all our businesses, we are starting to make money," Zomato Founder-CEO Deepinder Goyal wrote on the company blog. And to mark the occasion, the restaurant discovery site has decided to waive off commission fee for restaurants that recorded the highest orders on its platform. This means that Zomato would not be taking the seven percent cut of every order made on its site.
India's leading food startup Zomato has acquired on-demand food delivery service Runnr in a bid to strengthen its logistics division. While the size of the deal is not known, Runnr's 1,500-strong workforce will join the Zomato team on completion of the acquisition. Zomato's food delivery operations started two years ago, and last month, hit 3 million orders. Runnr, on the other hand, is said to be fulfilling about 300,000 orders every month. The merger had been in the works for some months.