Bengaluru: Online food ordering and delivery startup Swiggy, run by Bundl Technologies Pvt. Ltd, emerged on top in trust and customer satisfaction in a food-tech survey by research firm RedSeer Management Consulting Pvt. Ltd. According to the latest edition of the RedSeer FoodTech Leadership Index (FLI), Swiggy ranked no. 1 with a total score of 96, outscoring …
Continue reading “Swiggy is on top of the online food chain, shows survey”
Restaurant discovery and food delivery firm Zomato claimed that it has achieved a 28 million monthly order run rate as of December 2018, a significant bump up from previously disclosed 21 million monthly run rate in October. To be sure, order run rate is not the absolute order volume for the firm. Order run rate helps project …
NEW DELHI: About 500 small to midsized restaurant companies alleged “misuse of dominant position by food delivery companies including Swiggy, Zomato, Uber Eats and Food Panda,” signing an online petition addressed to the Competition Commission of India (CCI) and the Prime Minister’s Office (PMO) to this effect. The accusations include the use of deep discounting, …
Continue reading “After Amazon & Flipkart, now Swiggy, Zomato face the ire of small businesses”
Food delivery startup Swiggy has raised $1 billion in Series H funding round led by its existing investor Naspers, the investor firm said in a statement today. The new round has reportedly shot up Swiggy’s valuation to $3.3 billion. Naspers claimed that Swiggy has doubled its gross merchandise value in the last six months without …
Food delivery platforms such as Zomato, Swiggy, UberEats and Foodpanda have delisted 10,500 restaurants because they did not receive approval from food safety regulator, Food Safety and Standard Authority of India (FSSAI). The move comes in the wake of FSSAI’s directive in June that asked online delivery sites to remove unlicensed and non-registered restaurants from …
Continue reading “Zomato, Swiggy, Ubereats delist 10500 restaurants from its platforms”
UberEATS, the food delivery unit of Uber, had held talks with Nasper-backed Indian food delivery startup, Swiggy, a few months ago, reported Axios. However, the acquisition could not materialize and now Swiggy is reportedly closing a fresh funding round from Chinese investor and WeChat owner Tencent. An another report by Bloomberg has suggested that Uber is in early talks to …
Continue reading “UberEats Reportedly Held Talks with Swiggy for Acquisition”
India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing backer Naspers, the media conglomerate famous for an early bet on Tencent in China, and new investor DST Global. Others taking …
Continue reading “Indian food delivery startup Swiggy raises $210M at a $1.3B valuation”
Online food delivery startups in India are gaining popularity within no time. Zomato and Swiggy are planning to invest $200 million from risk investors. On the other hand, ride-hailing service provider Uber planned to invest $200 million into its food delivery business UberEats. According to the news obtained from sources, Zomato has taken a way to initiate …
