Foodtech startup, based in Mumbai, Thrive has secured an undisclosed Pre-Series A investment from Whiteboard Capital and Ahimsa Capital. The firm plans to use the funds raised to augment its product offering and to add new restaurants to its platform. To make Thrive more accessible to restaurants that are small or independent, the startup will…
Just months after it laid off 1100 employees across various markets in May, food tech unicorn Swiggy recently announced that it has decided to let go of another 350 employees, in what is being termed as the second wave of layoffs at the company. According to the foodtech giant, the industry has recovered only to…
With long queues at grocery stores and society arranged vegetable marts, swarming online orders, delivery slots are overbooked, stocks are scarce, and people are struggling to get the basic cooking essentials in their households. Lining up at the supermarkets and being exposed to contacted surfaces isn’t the safest choice either, when social distancing is the…
Lunch marketplace MealPal recently announced a new initiative to drive $10 million in donations to restaurants impacted by the COVID-19 virus. Through the new program, anyone can donate a month of a MealPal membership to local restaurants. The rapid decline in restaurant sales since the COVID-19 outbreak is staggering. In a typical week, MealPal drives…
Bengaluru-based food-tech startup Go DESi recently announced that it has raised ₹4.5cr from Delhi-based venture capital firm Rukam Capital. Rukam Capital is known for investing in early-stage consumer products and services companies. The funding round also saw participation from AngelList and Upaya Social Ventures. The company plans to use these funds for operation and geographical…
HungerBox, a full-stack B2B food and beverage technology company, has raised $12 million from Paytm and others. New investors who participated in the round is NPTK. Existing investors Sabre Partners and Neoplux also participated. The company was founded by Sandipan Mitra and Uttam Kumar in 2015.