TVS Motor Company, a manufacturer of two-wheelers and three wheelers globally, announced a strategic association with the food ordering and delivery platform, Zomato. This association is in line with TVS Motor’s commitment towards its green and sustainable mobility solutions. It further strengthens the company’s electrification journey across diverse mobility segments and aligns with Zomato’s efforts…
Indian food delivery startup Zomato has announced the appointments of Nitin Savara as Deputy Chief Financial Officer and Anjalli Ravi Kumar as Chief Sustainability Officer. According to the company’s exchange filing, “With reference to the captioned subject, we would like to submit that :Mr. Nitin Savara has been appointed as Deputy Chief Financial Officer of…
Zomato has announced that it has promoted Akriti Chopra as co-founder ahead of its IPO, according to an email shared by Deepinder Goyal, founder. She started her journey with Zomato in the Finance team where she was responsible for setting up and scaling finance processes for Zomato’s global operations. She has also worked on multiple…
Zomato Investor – Mirae has launched India-focused fund to back early-stage startups. The asset manager is aiming to expand its footprint in India with a $35 Million fund for Indian startups in the early-stage. According to a report by ET – “Mirae Asset Venture Opportunities Fund 1, with a corpus of $35 million (Rs 256…
Zomato has raised $660 million in primary funding round with post-money valuation of $3.9 billion, the company’s co-founder Deepinder Goyal informed on Twitter. Deepinder Goyal, Founder & CEO of Zomato, leads product development along with overseeing strategy and leading business expansion. Prior to founding Zomato in 2008, Deepinder worked as a management consultant with Bain…
Info Edge said its investee company Zomato has raised $195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at $3.6 billion, according to PTI report. “Zomato Pvt Ltd has closed a primary fundraise of $195 million from six different investors…The transactions valued…
Gurugram-based restaurant aggregator Zomato has made crucial changes in the leadership team. Akshant Goyal has been named the company’s new Chief Financial Officer (CFO) and Akriti Chopra will now lead people development for the company. An alumnus of IIM-Ahmedabad and Delhi College of Engineering, Akshant Goyal co-founded PinCap and served as its CFO prior to…
Zomato, a Gurugram-based foodtech unicorn has announced that it has received an additional $52 million in its ongoing Series J round of funding from Kora Investments. According to the company’s regulatory filings, Zomato has allotted a total of 12,656 Class J5 preferential dividend shares to Kora Investment I LLC, at an issue price of Rs…
Food delivery unicorn Zomato has raised $100 million in funding from Tiger Global’s Singapore investment arm, Internet Fund VI Pte Holdings, according to YourStory report. Post current funding, the foodtech unicorn is valued at $3.4 billion, which is close to its competitor Swiggy at $3.6 billion valuation, according to media reports. Zomato will use the…
Zomato, the food delivery startup, announced that it has raised $62 million funding from Singapore’s state investment arm Temasek. Temasek financed the capital through its unit MacRitchie Investments, a regulatory filing showed, according to business intelligence firm Tofler. The food ordering and restaurant discovery platform was valued at about $3 billion, according to a media…
Indian food delivery unicorn, Zomato recently announced that it would introduce a 10-day leave program or “period leave” for its female and transgender employees. The company says that it is a part of the brand’s efforts to combat the stigma associated with menstruation in the country. According to a Reuters report, Zomato is currently leading…
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…
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
After food delivery companies Swiggy and Zomato secured state permissions to deliver alcohol at customer doorstep, Online retail giant Amazon is reportedly eyeing to enter the services. According to a Reuters report, Amazon India has secured clearance from the West Bengal government to deliver alcohol in the state. In a notice, West Bengal State Beverages…
The Indian food delivery market has been in a soup due to the government imposed lockdowns in an attempt to contain the spreading of coronavirus. Online delivery companies like Zomato and Swiggy forayed into grocery and essential items delivery to keep business running amid losses due to the lockdowns. The central government allowed the sale…