Zomato shares jump 4% amid block deal buzz; Alipay Singapore Holding likely seller
Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba’s affiliate Ant Group, is looking to sell its entire 3.44% stake in Zomato at a floor price of ₹111.28 apiece.
Zomato shares slide 7% as Q3 loss widens; analysts see 84% potential upside
Zomato’s Q3 loss widened to ₹346.6 crore in Q3 FY23, against a loss of ₹63 crore in the year-ago period and ₹250.8 crore loss in Q2 FY23.
Zomato acquires Uber Eats in all-stock deal
The latest event of consolidation in the food tech space will further expand Zomato’s reach and give Uber a stake in a fast-growing restaurant aggregator.
HungerBox is looking to break even by March 2020
Sandipan Mitra, co-founder and CEO of the institutional food-tech player, talks about HungerBox’s growth strategy, opportunities, and threats.
Swiggy raises $1 billion in Naspers-led funding round
The Bengaluru-based startup plans to bring more quality food brands closer to consumers and address gaps in supply.
Foodpanda acquires Holachef
The acquisition will allow Foodpanda to build curated food experiences with its cloud kitchen network
Meat and seafood brand Licious raises $25 million
The Bengaluru-based startup plans to enter Mumbai and Pune markets by the end of 2018.
Bengaluru’s growing appetite for health food
The number of startups offering diet food has grown exponentially, but investors are still not clear about the scalability.
Tencent wants a slice of Swiggy
WeChat owners said to be in talks to raise $500-700 million for food delivery app.