Zomato, an Indian restaurant aggregator and food delivery startup, has appointed Akriti Chopra as the Chief Financial Officer of the group. This news comes nearly a year after its previous chief financial officer, Sameer Maheshwary, resigned from the company.
Online food delivery startup Swiggy has raised $1 billion in a fresh round of funding led by South African multinational internet and media group Naspers, with the entry of new investors like China’s Tencent, Hillhouse Capital, and Wellington Management. Avendus Capital was the financial advisor to the transaction. According to sources, with this new round of funding…
Zomato, the restaurant search, and discovery platform have acquired a drone delivery startup TechEagle Innovations. Lucknow-based TechEagle Innovations works exclusively on drones and will help Zomato’s ambition to create technology that will power hub to hub delivery networks powered by hybrid multi-rotor drones, Zomato said in a statement. Founded in 2015 by IIT-Kanpur student Vikram Singh…
Online food delivery platform Zomato has raised another $210 million in funding from Ant Financial, the financial arm of Alibaba Group. Info Edge disclosed in a stock exchange filing on Friday that it’s ownership in Zomato will fall from 30.91% to 27.68% as a result of the infusion from Alipay Singapore Holding Pte. Ltd or other…
In the startup world, food tech is once again gaining a hotspot. We have seen some closures in the past – TinyOwl, Yumist ( merged with Roadrunnr, to form Runnr which was acquired by Zomato in 2017) being the well known ones. We have also had new businesses experimenting with business models beyond food delivery. …