Indian grocery startup Zepto, that offers a quick 10-minute delivery turnaround on orders, on Monday secured another $100 million in funding from startup accelerator Y Combinator, and others to clock a valuation of $570 million, according to a news report. Investors in the latest round include existing financiers like Glade Brook Capital Partners, Nexus Venture …
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New Delhi | Jagran Business Desk: Food delivery service Zomato is expected to start the subscription for its initial public offer (IPO) from July 19 at a price band of Rs 70-72 per share. The offer size of Zomato’s IPO will likely be as much as Rs 9,375 crore at this price, making it the second-biggest …
Colombo, 27th April 2021: Uber Eats today announced a host of industry-first features for restaurant partners designed to help them increase their visibility, and to serve a wider community of eaters. Recognising the impact of the pandemic, these features are also designed to help restaurant partners get better data and insights to make more informed decisions. …
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The probe reportedly resulted from a public tip. Though it’s not yet known how long the investigation will last, it’s worth remembering that the Alibaba probe was launched on Christmas Eve of last year, and ended earlier this month. Meituan has pledged to cooperate (though of course it has little choice in the matter). “The company …
The proposed $4 billion merger between Berlin, Germany-based Delivery Hero and South Korea’s Woowa Brothers now faces regulatory hurdles around antitrust concerns, according to The Korea Herald. Some South Korean lawmakers have gone as far as to request the deal get scrapped on the grounds that it is anti-competitive. In response, South Korea’s antitrust watchdog, the …
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(Bloomberg) — Delivery Hero SE’s Foodpanda is launching operations in Japan Thursday, expanding its Asian footprint to the world’s No. 3 economy. The company will roll out its meal delivery services in six Japanese cities in a first phase, including Kobe, Yokohama and Nagoya, Jakob Angele, Foodpanda’s Asia Pacific chief executive officer, told Bloomberg TV’s …
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Indian food delivery startup Zomato has raised a $62 million financing round from Singapore’s state investment arm Temasek Holdings. According to the Economic Times, the transaction was made from Temasek unit MacRitchie Investments, which is an existing investor in the food delivery service. The round values Zomato at about $3 billion. It also comes after several …
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Matt Maloney says he wipes down his airplane seat with disinfectant every time he flies these days. Maloney, the CEO of food delivery company GrubHub, is exercising the same brand of caution as he watches Covid-19, the disease caused by a novel coronavirus, spread across the globe. And he has every reason to be alert—what we …
The deal for Uber Eats, which operates in 41 cities, was signed at 3 AM, and its customers will be shifted to the Zomato app from 7 AM today, the report said Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment By selling Uber …
Zomato CEO had announced the expected investment last month Ant Financial had 23% stake in the company before this round Zomato may also raise $100-$200 Mn from Uber Online food delivery unicorn Zomato has reportedly raised $150 Mn At $3 Bn valuations from existing investor Ant Financial, which is an affiliate of Chinese ecommerce business …
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