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’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.
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.
Sandipan Mitra, co-founder and CEO of the institutional food-tech player, talks about HungerBox’s growth strategy, opportunities, and threats.
The Bengaluru-based startup plans to bring more quality food brands closer to consumers and address gaps in supply.
The acquisition will allow Foodpanda to build curated food experiences with its cloud kitchen network
The Bengaluru-based startup plans to enter Mumbai and Pune markets by the end of 2018.
The number of startups offering diet food has grown exponentially, but investors are still not clear about the scalability.
Media reports peg the deal at $18 million.
WeChat owners said to be in talks to raise $500-700 million for food delivery app.
