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Zomato denies merger talks with rival Swiggy
Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.
Healthy food brand Binge Baefikar unveiled in Kolkata
The startup would operate through a cloud kitchen format and will be available exclusiv...
Background screening is a gig that needs fixing
Zomato rejects about 25% applications due to reasons like unavailability of proper documents,...
Working with restaurants to resolve issues, says Swiggy
We’re working with restaurant partners to drive more meals; not more discounts, Swiggy Marketing VP TS Srivats.
Disregard for rules puts Swiggy and Zomato delivery boys under police lens
Mumbai and Bengaluru police have fined many food delivery agents who put incentives ahead of rules.
Gig economy weighs impact of social security for workers
The government has proposed changes which would ensure gig workers get life and disability cover, health and maternity benefits, old age protection and any other benefit it may determine as helpful. The benefits have not been clearly defined yet, which is making companies anxious as they fear their operational costs will jump.
Don’t let vested interests stifle innovation: Prosus CEO
Prosus CEO Bob van Dijk's statement comes at a time when the DPIIT is looking into online food delivery companies like Zomato and Swiggy, where Prosus owns a 39% stake for an investment of $850-900 million, for deep discounting, data masking and private labels.
Dunzo gets $45 million to fight Swiggy, Amazon
After the fund-raise, the company has been valued at $180-200 million. Google, which made its first direct investment in Dunzo in 2018, has also participated in this round.
Swiggy now in 500 Indian cities, targets 100 more this year
Swiggy has progressed from launching in one city every two months in early 2018 to launching in four cities a day in the month of September.
Ola Foods has plans for its Khichdi Experiment
The company plans to scale up these brands from six cities to tier 2 cities in the next year. Barring Khichdi Experiment, other brands include its rice bowl brand Lovemade, North Indian food brand Grandma’s Kitchen and dessert brand FLRT.
Flipkart, Swiggy-backer Accel eyes $700 million fund
The final size of the fund is still being decided, and Accel could end up raising more than its stated intention.
B2B unicorns need 50% less funds than B2C
India's unicorn club has increased from just about nine companies at the start of 2018 to close to 30 now, collectively valued at about $100 billion, according to an Iron Pillar report.
Valuations set for a correction in 2020, says Norwest’s Haque
There comes a time in the cycle when investors get really cautious and we're in that part of the cycle right now, which is why you're seeing Uber and Lyft and even WeWork not getting valued at their private rounds, says Norwest's Promod Haque.
Sauces beat slump using price cuts
Top cos are reporting double-digit growth figures of 15-20%, with sales taking off during this festive season.
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.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
