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Food
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...
Food
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...
Retail
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...
Daily Digest
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...
Retail
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,...
Food
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,...
Retail
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...
Retail
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...
Retail
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...
Retail
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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