ZOMATO FILES USD 1.1 BN IPO

HIGHLIGHTS

• Zomato has filed US $ 1.1 billion IPO.
• Zomato has cashed in on demand for online food orders.

Backed by China's Ant Group, Indian food delivery startup Zomato has filed for an Initial Public Offering (IPO) of up to Rs....

INDIA’S FIRST FOOD DELIVERY IPO IS COMING

HIGHLIGHTS

• Zomato is gearing up to deliver an IPO which will be the first in Indian food delivery business.
• Zomato‘s business got a boost due to the COVID-19 pandemic.

Zomato is reportedly planning to initiate the process for i...

S. KOREAN FOOD DELIVERY APP BAEDAL MINJOK SALES DOUBLE IN 2020

Highlights –

• S. Korean food delivery app Baedal Minjok sales double in 2020.
• Baemin reported its sales to top $960 million in 2020.
• Woowa Brothers Corp.  said that its sales have exceeded the1 trillion won mark since its debut.

AMAZON INDIA EXPANDS FOOD DELIVERY SERVICE

HIGHLIGHTS

• Amazon India is expanding food delivery service.
• Operations are in Bengaluru.

Amazon India is expanding its food delivery service. E-commerce giant has scaled its food delivery service called Amazon Food, to 62 pin codes a...

ZOMATO VALUED AT USD 5.4 BILLION IN NEW INVESTMENT

HIGHLIGHTS

• Zomato has raised $250 million.
• Recently, Zomato closed a $ 660 million Series J financing round.
• Total value of Zomato is $ 5.4 billion.

Indian food delivery startup Zomato is rising up ahead of its Initial Pub...

CHINA’S GIG ECONOMY ON AN UPWARD SPIRAL AMIDST DEPLORABLE WORKING CONDITIONS

• As a scooter driver in a blue uniform, Liu shuttled for Ele.me, an online food delivery service helmed by the Alibaba Group, a reputed multibillion-dollar behemoth that dominates China's e-commerce.
• On January 11, Liu let himself in at Ele.me's distribution center in Ta...

THAI BANKS ON SOCIALIST SPREE AS THEY WAIVE OFF FOOD DELIVERY APP TRANSNATIONAL CHARGES

HIGHLIGHTS

• Siam Commercial Bank (SCB) and Kasikorn Bank (KBank) have independently planned to help organizations influenced by the Covid-19 flare-up

SCB's "Robinhood" application, which plans to help network-level diners by forgoi...

SOUTH KOREA’S FOOD DELIVERY MARKET ONE AMONGST THE BEST IN THE WORLD

• Jungkook of BTS fame could not have explained the question of diet and choice of food more marvellously, when put forth the question.
• He was all praises for the Korean online food delivery system. He said that with a few taps on his mobile, he is served the best food in town an...

BABA KA DHABA LISTED ON ZOMATO

HIGHLIGHTS

• The story of an elderly couple running food stall called Baba Ka Dhaba went viral on social media.
• Customers are thronging the food stall now.
• Now many popular food delivery apps are listing Baba Ka Dhaba in their catalogue of re...

THAILAND TO SEEK CONTROL OVER ONLINE FOOD DELIVERY PRICES

HIGHLIGHTS

• Thailand government to get hold of online businesses charging unreasonable prices for delivery
• Current situation of lockdown to be viewed in the benefit of the citizens, the government warns the private businesses

Thailand...

‘AMAZON FOOD' THE NEWEST ONLINE FOOD DELIVERY SERVICE IN INDIA

Highlights

• Amazon India’s app is showing that the service is live in selected areas in the Bengaluru

• Amazon has partnered with Box8, Faasos, Mad Over Donuts, Paradise Biryani and Fresh Menu

• Amazon Food aims at contactless delivery from hygi...

NEW YORK CITY COMES UP WITH CAPPING OF FEES FOR FOOD DELIVERY APPS

Highlights

• Food delivery apps will charge maximum 20 percent that too in the emergency situation

• Mayor of New York, Bill De Blasio supported this decision and called it as “smart legislation”

With majority of restaurants shut and restriction...

FAMISHED! HOME DELIVERIES TAKING TOO LONG! QUEUES ARE TOO LONG! WHAT NEXT?

• The queues take too long and with safe distancing rules and parking difficulty, buying at grocery outlets is indomitable
• Having food delivered to your home needs to be checked!

The queues are long but the precautions have been stepped up keeping safe distancin...

RESTAURATEURS TAKE THEIR BUSINESS ONLINE TO THE CONSUMER JOY

• F & B firms to provide a turnaround solution to get business moving in troubled times.
• Customers will find no cause for complaint with a menu-driven food spread delivered at your doorstep

F and B companies are turning around to online solutions for orderin...

FOOD DELIVERIES COMPANIES IN JAPAN WORRIED BY CUSTOMER RATINGS

Highlights:

• COVID-19 precautionary measures involve wearing of masks to avoid the spread of the virus, vendors worried about dissatisfying their customers
• Delivery services have seen a hike post the outbreak, as citizens avoid coming out in the open

UBER EATS’ NEW RIVAL IN JAPAN: DIDI CHUXING

Highlights:

• Uber launched Uber Eats, a food delivery service in 2014 & China’s cab service Didi Chuxing launched its food delivery network in 2018
• The Chinese brand now seeks to enter the Japanese market as a competitor to Uber Eats

ZOMATO ACQUIRED THE FOOD DELIVERY BUSINESS OF UBER IN INDIA

Highlights:

• The Indian Uber food delivery business  has been sold to Zomato
• Uber Eats is now being redirected to Zomato
• Zomato hopes to score over Swiggy with this deal

In India, the food delivery business of Uber has...

Amazon – Deliveroo deal to face an investigation

An in-depth investigation has been launched for Amazon.com Inc’s purchase of stake in Deliveroo; an online food delivery group. It was launched by Britain’s competition regulator after the companies failed to assuage its initial concerns.

In May, Amazon led a $575 million fu...

Jack Ma's Ant Financial Services looking for setting up 1 billion dollar fund for startups in India and Southeast Asia

Jack Ma’s Ant Financial Services aim to strengthen its holding in the growing mobile internet markets of the region in order to raise near to 1 billion dollars in funding for startups based in India, as well as, Southeast Asia, as per a report in Bloomberg.

The financial technolog...