Food Technology News

Companies

Zomato raises ₹284 crore from US-based Glade Brook Capital

The fresh funding is a part of the Series I round, where Zomato raised $210 million from Ant Financial in October Zomato is also in talks to sell its UAE business for $200-$250 million to Germany's Delivery Hero

2 min read7 Feb 2019
Companies

Brokerage firms divided on Zomato’s valuation

In last six months, three different brokerages have valued food technology firm Zomato at three extremely varied valuation levels ranging from $700 million to $2.5 billion

2 min read24 Jan 2018
Companies

Zomato acquires food delivery start-up Runnr

The Runnr acquisition will help Zomato to significantly shore up its food delivery business, amid intense competition from rivals such as Swiggy

2 min read14 Sep 2017
Companies

Swiggy in talks to raise $50 million in fresh funds

Swiggy is in talks with Naspers and Fosun International for a $50 million fundraising that will provide the online food delivery start-up significant heft against Zomato

2 min read27 Mar 2017
Companies

Holachef in talks with Kalaari Capital, Sidbi for fresh funds

The funding will help food tech start-up Holachef strengthen operations in the existing cities while also enabling it to expand to newer ones

1 min read11 Oct 2016
Opinion

Cues from the TinyOwl merger

Compared to most investor-driven consolidation deals earlier, the TinyOwl-Roadrunnr merger stands out for being relatively non-controversial

3 min read13 May 2016
Companies

Foodpanda changes India strategy in revival bid

Foodpanda looks to outsource delivery as well as start its own kitchen as it seeks to bolster its local business

3 min read25 Feb 2016
Companies

Food tech start-up Eatlo halts operations

The company stopped accepting orders on 15 December, however, none of the employees have been fired or given an explanation on the sudden roll back of operations

2 min read24 Dec 2015
Companies

Faasos plans to sell daily meals in advance

The move comes at a time when investor apathy has prompted a few food technology start-ups to shut shop

3 min read15 Dec 2015
Companies

Swiggy plans to set up cloud kitchens

The food tech start-up will open the kitchens in areas where the partner restaurants do not have a physical presence but potential customers

3 min read2 Dec 2015
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