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HSBC brokerage slashes Zomato’s $1bn value by half

HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed from $1 billion to $500 million. The move comes close on the heels of a valuation downgrade in e-commerce player Flipkart...

Future of QSRs: Collaborative, offline-to-online models

The F&B service industry is one of India’s most vibrant industries with over 25 per cent yearly growth. The Indian food and beverage market, estimated to be over Rs 2 lakh crore in size, may nearly double to touch...

Food delivered in 45 mins or money back, says foodpanda

foodpanda, the country's largest online food ordering site, has now come up with 'Express Guarantee' service. Food ordered on this platform promises a delivery in 45 minutes or money back. The delivery service will start from Delhi and after a...

Foodpanda buys Delivery.com’s Hong Kong assets

Online takeaway delivery firm Foodpanda is acquiring the Hong Kong assets of US-based Delivery.com as it consolidates its position in key markets while shedding assets elsewhere. Founded in 2012, Berlin-based Foodpanda expanded rapidly worldwide through nine acquisitions fuelled by $310...

Consumer-facing startups attracted maximum investment in 2015: Report

Investment momentum in startups witnessed a rapid rise in the last five years and in 2015, over 600 Indian companies got funded with more than USD2 billion being invested by PE and VC funds. According to a report by assurance,...

What is wrong with food-tech startups?

Venture capitalists are always on a lookout for the next big idea. After placing their bets in e-commerce sector in India, the next sector that excited them was food-tech startups. As investors opened their purse strings for such startups,...

FOOD TECH IN FOCUS

Hefty investments on customer acquisition, lucrative discounts and cash-back schemes left many food-tech startups floundering this year, before they actually took off -- LocalBanya, Dazo,SpoonJoy among others, are collectively a case in point. Lesson learnt. Most discovered that while monies...

IRCTC ties up with Paytm for e-catering payments

Indian Railway Catering and Tourism Corporation (IRCTC) has tied up with Paytm, payment and e-commerce website, to offer an additional payment gateway for food ordered through its e-catering facility. “We have roped in leading payment and e-commerce player Paytm for...

Food tech startup woes: From an investor's lens (Part 2)

Investors are not allowing food tech companies to burn money mindlessly anymore. There is a clear shift in thinking, ‘Let's get the pricing right’. If you are a food tech startup looking to raise funds, make sure your business...

IRCTC's modernisation makeover continues with MobiKwik tie-up

Gurgaon-based MobiKwik has announced that Indian Railway Catering and Tourism Corporation (IRCTC) has chosen its wallet as the first payment option on  the latter's Connect Android App. The integration, live on the Android app, enables instant one-tap payments for ticket...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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