Zomato

Retail Asia29/11/2023

Chinese payments group Alipay plans to sell its 3.4 per cent stake in Indian food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal’s term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 per cent stake […]

Retail Asia26/07/2022

Shares of Indian food-delivery company Zomato plunged 14.3 per cent to a record low today, as a one-year lock-in period for promoters, employees and other investors came to an end following last year’s listing. Zomato made a stellar debut on July 23 last year in the Mumbai market, but its shares have lost more than […]

Retail Asia27/06/2022

The top brass of food delivery app Zomato are set to come together on the 17th of June to pen to paper and make the acquisition of Indian based start-up company Blinkit officially complete. The deal is set to be of a stock exchange type at a ratio of 1:10 where Blinkit will get a share […]

Retail Asia03/05/2022

Instant grocery startup Zepto has raised $200 million in a new financing round as it looks to expand its 10-minute delivery service to more cities in India and grow its network of dark stores. Existing backer Y Combinator Continuity led Zepto’s Series D round, valuing the Mumbai-headquartered startup at about $900 million, up from $570 million in […]

Retail Asia21/07/2021

Indian food delivery startup Zomato Ltd ` will raise US$1.26 billion by pricing its shares at 76 rupees each in its initial public offering, according to two sources with direct knowledge of the matter. The sources could not be named as the information has not yet been made public. Zomato did not immediately respond to […]

Retail Asia23/01/2020

Local food-delivery app Zomato has purchased Uber Eats in India. “We are proud to have pioneered restaurant discovery and to have created a leading food-delivery business across more than 500 cities in India,” said Zomato CEO Deepinder Goyal. “This acquisition significantly strengthens our position in the category.” The purchase was made via an all-stock transaction, […]

Retail Asia14/02/2019

Online restaurant guide and food ordering firm Zomato Monday said it is planning to convert 40 percent of its delivery fleet into power-assisted bikes in two years. Currently, the company has over 5,000 cyclists operating across 12 cities in India, with the majority of the fleet being in Delhi-NCR, Zomato said in a statement. The company provides […]

Retail Asia11/01/2019

The National Restaurant Association of India (NRAI) on Tuesday said it has raised concerns over deep discounting and data masking by food ordering and delivery startups such as Swiggy, Zomato and Ola’s Foodpanda. According to a report, The restaurants’ body said it flagged issues regarding misuse of dominant position, in a meeting with the app-based food ordering and delivery startups. “NRAI […]

Retail Asia06/12/2018

Online restaurant guide and food ordering firm Zomato on Friday said it is expanding food delivery services to 100 cities over the next week. The company’s food delivery services are currently present across 93 cities and lists over 75,000 restaurants on the platform, Zomato said in a statement. “… the food delivery business is ramping up really […]

Retail Asia26/09/2018

Myntra has announced the launch of its loyalty program, Myntra Insider. A first of its kind in the country, the program is a comprehensive package, designed to strengthen engagement with its users to drive stickiness on the platform. This open-to-all program allows Myntra to democratise fashion for every registered user through unique rewards and experiences. The Myntra Insider program hinges […]

Retail Asia23/08/2018

Online restaurant guide and food ordering firm Zomato on Wednesday said it has expanded its ordering and food delivery services to Vijayawada, Madurai, and Cuttack as part of its expansion plans. With this launch, Zomato’s online ordering services are now available across 31 cities in India, Zomato said in a statement. Zomato Food Delivery CEO Mohit Gupta said that […]

Retail Asia09/01/2018

UK food-delivery startup Deliveroo is preparing to launch in India. Valued at US$2 billion, the company is hiring a country head along with a full team, insiders say, according to The Times of India. It will go head to head with local players like Swiggy and Zomato as well as comparatively new entrant UberEats. Ola has […]

Retail Asia05/09/2016

Rocket Internet-backed Foodpanda India, which last year faced allegations of internal fraud and misappropriation of funds, is reported to be raising fresh capital. It has mandated Mumbai-based mid-market investment bank O3 Capital for a US$40-60 million fundraise as it initiates talks with investors, reports the Times of India. Foodpanda has already said it is selling […]

Retail Asia16/08/2016

Working with local partners, Google India has made online ordering and restaurant bookings easy. When people use their phones to search Google for nearby restaurants, the search results offer an option to “place an order”. By tapping the option, users can choose a delivery service and be taken to its website to complete their order. […]

Tag: Zomato

Alipay set to sell its stake in India’s Zomato for nearly $400 million

India’s Zomato shares tumble to record low

Zomato boosts Blinkit delivery stake for US$568 million

Indian grocery startup Zepto raises new funds at $900 million valuation

India’s Zomato raises US$1.26 billion in IPO

Zomato takes over Uber Eats in India

India’s Zomato to convert 40 pc of delivery fleet into power-assisted bikes in 2 years

Restaurant association questions deep discounts on Swiggy, Zomato

Zomato India to expand food delivery business to 100 cities

Myntra launches loyalty program, ‘Myntra Insider’

Zomato India expands food delivery services to other cities

Deliveroo heads to India

Foodpanda India looking to raise $50m

Google India delivers for food fans