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Zomato turns profitable, won't charge commission from restaurants: CEO

Online restaurant discovery and food delivery platform Zomato on Tuesday said it has become a profitable company. "Zomato is now a profitable company. Yes, throughout the 24 countries where we operate, and across all our businesses, we are starting to make money,"...

Zomato acquires Runnr in all stock deal

It is a piece of news that is being speculated for some time now, and on Wednesday, CEO of Zomato, Deepinder Goyal confirmed it on his blog. "I’m very excited to share, that beginning today, you will see our team...

Swiggy to consolidate market position; to turn profitable in all 7 cities

Despite beginning with a bang, Indian food tech startups have been feeling the heat since 2015. Many of them have either shut shop, others have scaled down operations. Though, initially touted to be worth US $50 billion, food tech startups...

Are mergers the roadmap to success for the e-commerce industry?

Experts have long believed that 2016-17 will witness a large number of mergers and acquisitions (M&A) in the startup industry - a supposition that was corroborated with the merger of Goibibo with MakeMyTrip. Indeed, the corporate appetite for M&A has...

Mergers: The road to success for the e-commerce industry

Experts have long believed that 2016-17 will witness a large number of mergers and acquisitions in the startup industry and the recent merger of Goibibo with Make My Trip has only corroborated this supposition. Indeed, the corporate appetite for mergers and acquisitions has increased...

Why e-grocery firms are walking the path of doom

With funding coming down and valuations being slashed, a number of start-ups in the country are struggling to meet their hiring commitments. All have been aggressively recruiting top talent - including big-ticket Silicon valley veterans - with the millions of dollars...

Grofers to lay off 10 pc staff, revokes job offers

Grofers India Pvt. Ltd, the grocery delivery start-up funded by Softbank Corp. and Tiger Global Management, will lay off 10 per cent of its workforce, even as it revoked job offers to fresh graduates, citing adverse market conditions. On Tuesday,...

Roadrunnr acquires Tinyowl, rebrands as Runnr

Hyperlocal delivery start-up Roadrunnr has acquired food ordering firm TinyOwl Technology Pvt Ltd and has transitioned into a food ordering and delivery platform. It has also rebranded itself as Runnr. “Runnr’s strengths lie in technology and efficiency of operations that...
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LoveChild by Masaba joins forces with Shoppers Stop Beauty

LoveChild launched latest its shop-in-shop at Shoppers Stop, R City Mall, GhatkoparBengaluru: Beauty brand LoveChild by Indian fashion designer...
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