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Zomato lays off 60 employees in customer support team 'to cut costs and reduce redundancies'
Business

Zomato lays off 60 employees in customer support team 'to cut costs and reduce redundancies'

The battle for dominance in India’s fast-growing online food delivery market is a two-way affair between Swiggy and Zomato

Amazon is planning a foray into the online food delivery business in India says a new report
News & Analysis

Amazon is planning a foray into the online food delivery business in India says a new report

Amazon is aiming to launch the new service delivering from restaurants ahead of India’s month-long festive season.

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal
Business

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal

The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector

Uber Eats orders can now be made from within the main Uber app, confirms company
News & Analysis

Uber Eats orders can now be made from within the main Uber app, confirms company

Uber has confirmed that the standalone Uber Eats app on Android and iOS will continue to exist.

Ola restructures  Foodpanda, to focus on in-house food brands, expand kitchens, offline stores
Business

Ola restructures Foodpanda, to focus on in-house food brands, expand kitchens, offline stores

Ola is restructuring its food delivery platform Foodpanda to focus on building a portfolio of its own as well as curated food brands through a network of kitchens and offline stores

Ola's parent ANI Technologies suspends Foodpanda's delivery business, terminates contracts of several delivery executives
Business

Ola's parent ANI Technologies suspends Foodpanda's delivery business, terminates contracts of several delivery executives

In the last two weeks, Ola has dissolved the ground team completely. The company, however, has retained the core operations team consisting of senior employees

E-commerce, consumer internet companies raised over $7 billion in private equity and venture capital funding in 2018: EY
Business

E-commerce, consumer internet companies raised over $7 billion in private equity and venture capital funding in 2018: EY

Of all companies, startups like OYO, Swiggy, Byjus, PayTm Mall, Pine Labs, Zomato, Udaan, PolicyBazaar and CureFit have collectively raised the lion's share around $4.6 billion

Swiggy's parent Bundl Technologies invests Rs  31.2 crore in Mumbai-based ready-to-cook food brand Fingerlix
Business

Swiggy's parent Bundl Technologies invests Rs 31.2 crore in Mumbai-based ready-to-cook food brand Fingerlix

Founded in 2014, Swiggy currently connects consumers to over 60,000 restaurant partners across more than 80 cities

Swiggy could acquire Uber Eats in a share swap by next month end, says report
News & Analysis

Swiggy could acquire Uber Eats in a share swap by next month end, says report

Uber Eats has is in final stages of negotiations to sell its business to industry leader Swiggy.

Swiggy customer orders food in Chennai, delivery man's location traced to Rajasthan on app; company acknowledges glitch
India

Swiggy customer orders food in Chennai, delivery man's location traced to Rajasthan on app; company acknowledges glitch

Bhargav Rajan, who had ordered food from anearby eatery in Chennai recently took to Twitter to inform Swiggy about the glitch in their app matrix as even though the delivery man was showing as picking up his order all the way up in north-India, Bhargav's order was en route and the etimated delivery time was was only a dozen minutes away from the destination.

Swiggy moves beyond food delivery, opens stores to deliver groceries, essentials
Business

Swiggy moves beyond food delivery, opens stores to deliver groceries, essentials

Food ordering and delivery platform Swiggy on Tuesday said it has launched 'Swiggy Stores' moving beyond its core food delivery segment to provide access to consumers items across multiple categories

Restaurants in dilemma after govt makes changes in FDI norms for e-commerce firms, seek clarification
Business

Restaurants in dilemma after govt makes changes in FDI norms for e-commerce firms, seek clarification

NRAI had approached the DIPP early this month seeking clarity if online food companies should comply with the FDI guidelines.

Barista in advanced talks with Swiggy, another player for food delivery; Coffee chaina to add 40 stores in next three months
Business

Barista in advanced talks with Swiggy, another player for food delivery; Coffee chaina to add 40 stores in next three months

Barista would sell its food items through the food delivery platforms which would be cooked at its facility and distributed by the online aggregators.

Indian startups raise $38.3 billion funding in 2018; e-commerce, fintech attract highest investments: Report
Business

Indian startups raise $38.3 billion funding in 2018; e-commerce, fintech attract highest investments: Report

Around 1,000 deals were signed by Indian startups in 2018 with areas like e-commerce, fintech, sustainability and renewable energy

Over 500 small restaurateurs complain to CCI about unfair practices by food aggregators
Business

Over 500 small restaurateurs complain to CCI about unfair practices by food aggregators

Unlike retail, FDI (foreign direct investment) restrictions are not applied on the restaurant sector or food service aggregators.

Swiggy raises $1 billion in funding round, led by the internet group Naspers
News & Analysis

Swiggy raises $1 billion in funding round, led by the internet group Naspers

Naspers said in a statement it had invested $660 million in Swiggy during this latest round

Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion
Business

Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion

Swiggy will use the funds to hire and strengthen its technology backbone, the company said.

Swiggy's new ads present take-out as alternative to home food, but mothers still do the emotional labour
Life

Swiggy's new ads present take-out as alternative to home food, but mothers still do the emotional labour

In the Swiggy ads, women are still being depicted as doing all the emotional labour, except that they now can throw a little more of their hard-earned money to buy themselves some me-time

Uber Eats ties up with Cafe Coffee Day to create India's largest virtual restaurant network
Business

Uber Eats ties up with Cafe Coffee Day to create India's largest virtual restaurant network

Uber Eats on Friday said it has joined hands with Cafe Coffee Day (CCD) to launch India's largest virtual restaurant network, a move that will help Uber's food delivery unit to compete aggressively against rivals like FoodPanda, Swiggy and Zomato

$4.3-bn raised in total by start-ups from January to September says Nasscom
News & Analysis

$4.3-bn raised in total by start-ups from January to September says Nasscom

Start-ups in the country have been able to create an estimated 40,000 new jobs over the year.