Street food vendors, roadside eateries and dhaba operators are increasingly turning to sell food online, as the new-age aggregators such as Zomato, Swiggy and UberEats distort the food sector, prompting unorganised vendors to catch up, says a report. Also driving the shift of the unorganised players to the organised sector is opening up of international …
Tag Archives: Zomato
Zomato to sell UAE food delivery business for $172 million
(Reuters) – Zomato Media Pvt Ltd will sell its UAE food delivery business to Germany’s Delivery Hero Group for about $172 million, Zomato’s second-largest shareholder Info Edge (India) Ltd said on Monday. Zomato and Naspers-backed Delivery Hero will then enter services agreements under which Zomato will continue to run the business on its own platform …
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Zomato claims to have hit 28Mn monthly order run rate as it closes the gap with Swiggy
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 …
After Amazon & Flipkart, now Swiggy, Zomato face the ire of small businesses
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, …
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Mega funding for Swiggy; raises $1 billion war chest to bite into Zomato, Foodpanda, Uber Eats market share
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 …
Zomato, Swiggy, Ubereats delist 10500 restaurants from its platforms
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 …
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Zomato to potentially become a $2 billion business with upcoming investment
Food delivery startup Zomato is reportedly in talks to raise $400 million via existing and new investors. The company is said to be in negotiations with Ant Financial Services Group and Holdings Private Limited which could lead to a valuation of a whooping $2 billion. The company is also said to be in talks with Alibaba Group …
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Alibaba plans to invest funds in Zomato whereas Uber allocated $200 million for UberEats
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 …