Zomato eyes UberEats business in India to strengthen footprint ahead of major rivals

INDIA – Zomato is said to have entered negotiations with UberEats seeking to acquire its online food delivery business in India, in a deal valued at about US$500 million, reports The Times of India. While […]

India’s online grocery retail market set to reach US$10.5bn by 2023

INDIA – Online food and grocery retail in India is estimated to hit US$10.5 billion or 1.2% of the overall market by 2023, according to a recent report released by consulting firm Redseer. Redseer forecasts […]

Swiggy’s deal for Uber Eats India delays over regulatory issues

INDIA – Uber’s plans to sell its Indian food delivery business, UberEats to rival Swiggy has been delayed as a result of tax and legal issues as well as other regulatory conditions. An ET Retail […]

Swiggy’s parent invests US$4.3m in ready-to-cook food startup Fingerlix

INDIA – Bundl Technologies, the parent company of online food ordering restaurant chain, Swiggy has invested US$4.37 million (Rs 31.2 crore) in a ready-to-cook food delivery startup, Fingerlix. According to filings with the Registrar of […]

UberEats in talks to sell India business to delivery firms Zomato and Swiggy

INDIA – Uber India is set to sell its two-year-old online food delivery business, UberEats India and is eyeing major players in the sector Zomato and Swiggy as it seeks to cut down losses in […]

India’s food delivery firm Swiggy acquihires AI start-up Kint.io

INDIA – Online food delivery platform, Swiggy has acquihired artificial intelligence (AI) start-up, Kint.io to boost its computer vision technology and consumer experience, reports ET. According to Dale Vaz, Head of Engineering and Data Sciences […]

Swiggy delivers 232% surge in revenue as it expanded delivery footprint

INDIA – Food delivery startup Swiggy has seen an upward swing in revenue, recorded at US$60.2 million compared to US$18.1 million last year, reflecting its continued geographic expansion in the country. Total expenses more than […]

South Africa based Naspers plans further investment in Swiggy

INDIA – Naspers Ltd., Africa’s largest company by market value has indicated that it plans to further invest in the Indian food delivery business, Swiggy through its third fund-raising round of the year. According to […]

Food delivery firms Swiggy, Zomato, UberEats delists 10,500 ‘unsafe’ restaurants

INDIA- Food delivery and ecommerce platforms Zomato, Swiggy, UberEats and Food Panda have abandoned and delisted 10,500 restaurants after failing to meet the food safety regulator’s requirements. According to ET Retail, the Food Safety and […]