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Zomato's food delivery CEO Mohit Gupta made co-founder

IANS -
Foodtech unicorn Zomato has promoted its CEO for Food Delivery, Mohit Gupta, to the position of Co-Founder. The announcement was made by Zomato CEO Deepinder Goyal in an internal email to employees. "While the foundation of Zomato was built before...
Food

Amazon enters food delivery business in India as Zomato, Swiggy struggle

IANS -
Sending a strong signal to Zomato and Swiggy who have been severely hit by COVID-19, e-commerce giant Amazon with deep pockets has entered the vast online food delivery market in India, with launching Amazon Food at select pin codes...
Food

Zomato to layoff around 13 pc employees due to COVID-19 impact

Indiaretailing Bureau -
Online restaurant guide and food ordering platform Zomato on Friday said it is going to layoff around 13 per cent of its workforce on account of the impact of COVID-19 pandemic. The company has around 4,000 employees in different roles. In...
Food

Zomato denies Grofers acquisition talks as e-grocery enters top gear

IANS -
Food delivery platform Zomato on Tuesday refuted reports that the company is in talks with Gurugram-based grocery delivery platform Grofers to acquire it for nearly US$ 750 million. Flush with funds, Zomato has partnered Grofers for the delivery of essential...
Food

Zomato begins grocery delivery in 80 Indian cities

Indiaretailing Bureau -
After initial hiccups, Zomato has started grocery delivery in over 80 Indian cities with supplying essentials and is set to launch takeaway service in Australia and Portugal to support restaurants, its CEO Deepinder Goyal said on Tuesday. He said that...
Food

Zomato, Swiggy still there but no food to order

IANS -
Ironic as it may sound but digital India saw its biggest challenge on Wednesday when smartphone-based leading food delivery platforms Zomato and Swiggy found themselves in no man's land as restaurants, including cloud kitchens, went out of service and...
Food

'Indian online food delivery market to hit US$ 8 billion by 2022'

IANS -
Rapid digitisation and growth in both online buyer base and spending will help India's online food industry to become a US$ 8 billion market by 2022 -- growing at a CAGR of 25-30 percent, a new report said on...
Food

Zomato acquires UberEats India for approx Rs 2,500 crore

IANS -
Zomato on Tuesday announced that it has acquired Uber's Food Delivery Business in India in an all-stock deal and Uber will have 9.99 percent stake in the Deepinder Goyal-led food delivery platform. According to sources close to the deal, it...
Food

Valued at US$ 3bn, Zomato raises US$ 150 mn from Ant Financial

IANS -
Valued at US$ 3 billion, leading food delivery platform Zomato on Friday announced it has secured US$ 150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba. With this, CEO Deepinder Goyal-led company has received US$...
Food

Zomato headed for profitability; sees 10x growth in 5 years creating thousands of jobs: CEO

Indiaretailing Bureau -
India's largest restaurant search and food delivery platform Zomato is on the verge of cracking its maiden profits on the back of rapid expansion into newer cities that has brought more business to both established outlets and 'dark kitchens',...
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ONDC announces Build for Bharat initiative 

The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants...
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