Zomato’s IPO to hit market from July 19; 10 things you MUST know about this much waited listing

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 …

Uber Eats offers an array of industry-first app features for restaurant partners

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. …

Beijing’s ‘Big Tech’ Crackdown Continues With Anti-Trust Probe Into Food-Delivery Giant

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 Delivery Hero-Woowa Bros. Merger Faces Antitrust Hurdles

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 …

Foodpanda Launches in Japan, Upping Rivalry With Uber

(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 …

Food Delivery Service Zomato Raises $62M From Temasek

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 …

Coronavirus forced Chinese food delivery to evolve. Will it do the same in the US?

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 …

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

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 Raises $150 Mn At $3 Bn Valuation From Ant Financial

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 …

Uber all set to sell UberEats’ India business to Zomato

Uber  is in advanced stages of talks to sell its food delivery service UberEats’ India business to local rival Zomato  as the American ride-hailing giant looks to cut its global spending, three people familiar with the matter told TechCrunch. The deal currently values UberEats’ India business at around $400 million, one of the sources said. As part of …