Indian foodtech unicorn Zomato appoints Akriti Chopra as new CFO

INDIA – Zomato, an Indian online food delivery platform, has named Akriti Chopra as the company’s new chief financial officer (CFO). Chopra’s appointment follows the resignation of the Sameer Maheshwary in December last year, having […]

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 […]

Ant Financial backed foodtech unicorn Zomato to raise US$600m in fresh funding

INDIA – Food ordering and delivery platform, Zomato is in the process of raising US$600 million in a fresh funding round to fuel its food delivery and dining out operations. According to an ET Retail […]

Zomato to invest US$8m in 20 new warehouses in India by 2020

INDIA – The Indian restaurant search and discovery service, Zomato has said that it plans to invest US$8.03 million (Rs 56 crore) in setting up 20 more warehouses across the country by 2020. The warehouses […]

Food delivery firm Zomato sells UAE business to Delivery Hero for $222m

INDIA – Food ordering and restaurant discovery platform, Zomato, has sold off its United Arab Emirates (UAE) delivery business to Delivery Hero at a deal worth US$222 million. According to a report by ET Retail, […]

Zomato delists 5,000 restaurants in India over hygiene non-compliance

INDIA – Zomato, online food delivery firm in India, said it has delisted over 5000 restaurant partners in February after failing to comply with the Food Safety and Standards Authority of India’s (FSSAI) hygiene standards. […]

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 […]

Zomato gets US$39.7m capital injection from US-based Glade Brook Capital

INDIA – Haryana based food delivery service, Zomato has received US$39.75 million (Rs 284 crore) from US-based Glade Brook Capital Partners in a race to become the leading food and restaurant discovery service in India. […]