Swiggy raises $43m in Series I round, funds likely to be used to expand new business; company's valuation goes past $3.65 bn
The latest fund-raising comes about 45 days after Swiggy raised $113 million led by South African internet giant Naspers, along with Hadley Harbour Master Investments and Meituan Dianping.
With UberEats in the bag, Zomato breaches Swiggy’s stronghold on food-delivery business in South India
Without considering customer overlap, the UberEats deal clearly puts Zomato ahead. The country-wide combined order volume of Zomato and UberEats will be 46-47 million
Zomato to raise $150 mn from Ant Financial at $3 bn valuation; food delivery startup vies for bigger market share
Zomato’s top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13 percent.
Zomato and UberEats may become the biggest by the number of orders and size ahead of Swiggy, if the merger deal takes place, the report said.
People are now even boycotting Uber Eats for backing up Zomato in this case.
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
Zomato, Swiggy, Foodpanda, seven others delist over 5,000 restaurants for not having food safety regulator's approval
The move by the companies comes after FSSAI asked them in July to stop using edibles supplied by non-licensed operators after it received consumer complaints of sub-standard food being served through these platforms.
Despite the struggles, Uber doubled its trip count over a year - from 5 billion to 10 billion.
Uber records a massive loss of $4.46 billion in 2017; the good news is that UberEats and overall revenue is picking up
A significant chunk of the losses in 2017 come from the Uber-Waymo trial, which was abruptly cut short when both companies reached a settlement
All over India, Uber recorded 5,000 riders who used multiple stops and split fare feature. Out of them, 1,400 riders were from Mumbai, only.
Ola buying Foodpanda’s India business comes as a big relief for German tech incubator Rocket Internet
With the declaration, the domestic ride-haling company Ola is trying to re-enter the online food delivery segment
Given that Foodpanda has been struggling for a while, the acquisition was waiting to happen.
Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS
The deal marks Ola’s return to the food delivery business, which it exited in 2016,
Uber has apologised after its food delivery service's 'Wife Appreciation Day' promotion in Bengaluru was called out for being 'sexist' by the social media.
Started in 2014 as a small delivery pilot in Los Angeles, UberEATS was later launched as a separate mobile app in Toronto in December 2015.
On-demand food delivery, only a publicity tool and no substantial profits say some US restaurant owners
On-demand food delivery has exploded in the last few years, with more than three dozen startups getting initial funding since 2011.
UberEATS is available in 27 countries and 97 cities around the globe, including India.
UberEATS follows the food delivery business model, charging restaurants a service fee to use its platform, and uses third-party delivery. It has already tied up with a 200-300 delivery partners
UberEats will reach a total of six cities by the end of the year.
The company's new initiative in India will be headed by former McKinsey executive Manan Javeri, who joined the US-based firm two years ago