Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
Premium joints are nudging customers to order directly through social media platforms like Instagram, WhatsApp or through phones to woo the customers. Some are customising offerings, tweaking their menu, offering cookery classes on video conferencing app Zoom and even providing at-home catering services.
With this deal, Ola Electric will now own the intellectual property, design and engineering capabilities of Etergo, which is known for making a fully electric AppScooter—the world’s first electric scooter to run Android apps with inbuilt GPS, access to 4G connectivity and electrically-controlled locks.
Apoletto Managers, and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
All employees will receive a minimum of 10 weeks payout, medical insurance coverage for the next six months, outplacement support, be allowed to retain their laptops and given the option to join the Uber talent directory.
The idea is to extend cases beyond restaurants and create products for customers for use in homes.
Brisk sales of smartphones, laptops, tablets, kitchen and home appliances—in the week since all items were permitted to be sold online—have brought sales back to about 70% of pre-Covid levels, multiple executives told ET.
Corporate caterers are pivoting business models and expanding into newer categories, following a steep fall in core business over the last two months due to the Covid-19 pandemic.
Amazon has been luring eateries with competitive commissions as a part of its larger plan to build a comprehensive product portfolio.
Khatabook claims to have reached over 8 million active merchants across 11 languages in less than a year.
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