Sauces beat slump using price cuts
Top companies are reporting double-digit growth figures of 15-20%, with sales taking off during the ongoing festive season, which, the companies said, are further leading to more occasions for consumption.
Restaurant bodies want Zomato to tweak ‘gold’ further
Two restaurant associations, NRAI and FHRAI are to come up with guidelines for the rest...
MyGate gets $56 million from Tencent, Tiger Global, others
Prime Venture Partners and JS Capital Management join the round.
Warehousing space sees USD 500 million investment since 2017 as demand rises post GST: CBRE
CBRE had earlier reported that leasing of warehousing spaces went up by 31 per cent to over 13 million sq ft across eight major cities in the first half of this year, driven mainly by demand from third party-logistic and e-commerce firms.
Lucknow: Zomato delivery executives hold protest after company cuts payouts
Zomato delivery executives held protest in Lucknow on October 06. They were protesting against the company's new incentive structure, which ...
Ant Financial may lead $600 million funding in Zomato
Last week, Zomato said its revenue for the first half of the ongoing financial year jumped more than three-fold to $205 million, compared with $63 million in the year-ago period.
Rise in volume key growth driver for Zomato: Morgan Stanley
The classified business too has been growing, with total restaurant listings higher globally and especially in India.
For stressed out employees, cos try to balance work and sleep
An increasing number of companies are going the extra distance to ensure the workforce is not sleep-deprived.
Vahdam Teas raises Rs 75 crore led by Sixth Sense Ventures
The company plans to use the funds to enter the United States, Europe, South Asia and the UAE, besides India where it does not currently operate.
Zomato logs 225% surge in revenue in first half of 2019
The company has also witnessed over three-fold jump in revenue to Rs 1,458 crore for April-September 2019.
Zomato revenue jumps 3-fold to $205 million from last year
Zomato, which counts Ant Financial, Sequoia Capital and Info Edge among its list of backers, also said it had reduced cash burn to 60% of what it was six months ago.
Government of India’s policy on delivery drones taking wing
DGCA has taken significant steps in firming out govt’s policy on allowing drones for commercial purposes.
India is now home to Uber’s businesses in the country
Booming food delivery business is making global majors rework India ops. While Uber is bringing its India arm HQ into the country, Amazon will launch private food brands
Startup funding jumps 25% amid ‘bubble’ fear
The data increasingly indicates that the boom in financing is being led by midand late-stage rounds of over $50 million, and is now trickling down to even early-stage transactions.
NRAI holds follow up meetings with Swiggy and Zomato
Follow up meetings with both Swiggy and Zomato on the eight core issues were largely positive and talks have progressed well so far, NRAI stated.
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