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....

SWIGGY RAISES USD 800 MILLION

HIGHLIGHTS

• Recently, Swiggy raised US $ 800 million.
• Now Swiggy is worth nearly $ 5 billion.

Recently, Food Technology (Foodtech) startup Swiggy raised US $ 800 million in its latest Series J round of financing. Swiggy received new i...

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...

PAYPAL HOLDINGS INC TO WIND UP ITS DOMESTIC PAYMENTS BUSINESS IN INDIA

Highlights

• According to the statement issued by PayPal Holdings Inc, it has decided to shut down its domestic payments businesses in India from April 1

• Irrespective of this shutdown, all other customers outside India will still be able to pay Indian merchants wit...

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...

‘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...

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...

Prosus Ventures to increase investments in Swiggy and other Indian Food-Tech Startups

Investors for Swiggy are looking forward to increasing their investments in India. Prosus Ventures, formerly Naspers Ventures had bought a 39% stake in Swiggy, with an investment of $860 billion.

Prosus will soon make more investments in the food delivery space in countries like Brazil ...