Even if we take $3.4 billion valuation into account, Zomato looks likely to take the driver’s seat from Swiggy after the launch of the IPO. If it happens, it will be no mean feat for Zomato which was far behind Swiggy till two years back. Zomato started turning its fortunes around in the beginning of this year.
Flipkart To Dream11: How Indian Unicorns Became The Most Loyal Sponsors Of The IPL
Indian startups have forwarded the legacy of corporate romance with cricket. It is almost a given that if a startup crosses the billion-dollar threshold and becomes a unicorn, it will be endorsing Indian cricket if it hasn’t already. From the title sponsorship to IPL, Test Matches and ODI series, much of BCCI’s engine is run by such heavily-funded companies that boast dynamic stories of rapid growth.
Zomato Aims To Catch Up With Swiggy In A Race of Cloud Kitchens And Cash Burn
Social restrictions compelled by the pandemic have created enormous opportunities for food delivery apps like Zomato and Swiggy. These businesses, successful and in-demand now, experienced some initial hiccups in the first phase of the lockdown, but orders then grew exponentially as the days passed. Now Zomato is looking to raise $100 million from US investment firm Tiger Global Management to further its market size.
What Secret Recipe Is Amazon Cooking For Ola’s Foodpanda?
In India, Jeff Bezos met the biggest industrialists – and Bhavish Aggarwal. So what is the Amazon boss planning? Analyzing recent interests of the world’s richest man, the Ola Boss’ Foodpanda business might have something to do with it.
Cash Burn Contest — Zomato’s UberEats Acquisition Spells Advantage For Swiggy
Zomato is on the verge of acquiring UberEats and apparently making headway, but what looks like expansion for Zomato ironically takes away its advantage over Swiggy in the market. Here’s why.
Amazon now eyes a chunk from Zomato and Swiggy baskets; to buy Uber Eats
Amazon.com Inc is planning to rush into the proliferating online food delivery business in India this year, as per HT sources.
How far can you go for Chicken Biryani? To a Prison?
Food connoisseurs can go to any extent to have their favourite dishes – to the most bizarre of eateries. Well having Chicken Biryani at this Prison in Kerala tops it all.
Newsline | Why India’s startup story is just getting started
Indian startups have witnessed a surge in investor confidence as of late, but the ecosystem has a long way to go before it catches up with the likes of China and US The year 2018 saw a flurry of deal…
Zomato, Swiggy & Co. killing the Goose with the Golden Eggs
Foodtech players like Zomato and Swiggy have established a dominant position in the market. But if they misuse this dominance and spoil relations with partner restaurants, a crash is round the corner. A taskforce meeting was held for the first…
Desperate for the next ‘Happy Meal’
Zomato is seeking funding between US$ 500 million to US$ 1 billion. Closing this round ASAP is extremely important for Zomato, as it tries to nullify the huge advantage gained by Swiggy in 2018. The funding war in the foodtech…