Swiggy did not disclose the size of the deal and said that Dineout would continue to operate as an independent app.
It comes at a time when Zomato has started its 10-minute delivery and is riding on Blinkit for its quick commerce.
Union Budget 2022: NRAI estimates that the food services industry in India declined by 53 percent to Rs 200,762 crore in 2021 from Rs 423,624 crore in 2020
The employees who are working from home will be able to catch a glimpse of the ceremony on a live streaming link which will be shared only with the staff.
Zomato IPO opens today at a price band of Rs 72-76
The company has also set up a pandemic support mechanism and an emergency support team to assist employees during this crisis.
In the first tranche of the programme, 5,500 of Swiggy’s delivery partners, aged 45 and above will be eligible to opt in for the vaccination.
Dukaan aims to help neighbourhood stores face competition from e-commerce giants such as Amazon and Flipkart. It plans to keep its service free initially but would charge stores if they have ask for services such as GST invoices.
Swiggy, however, reported a 115 percent increase in revenue at Rs 2,776, with a total expense of Rs 6,545 crore.
Kitchens Centre, which is currently operating over 35 ready-to-move-in kitchens across 15 cities, will use the funds to scale up operations and expand into newer markets in India
The Indian food-delivery market is dominated by Swiggy and Zomato with Uber Eats and Foodpanda playing catch up.
FreshMenu fits into Oyo’s core business, adding revenues and improving profitability. But the challenge is to reboot FreshMenu’s operations so that Oyo’s customers see value in its offering
To begin with, Swiggy will be delivering from across over 3,500 stores in Gurugram
The acquisition will help Zomato carve a path toward drone-based food delivery in India, creating a hub-to-hub delivery network powered by hybrid multi-rotor drones
She will be responsible for managing new businesses like Zomato's upcoming food events vertical and Zomato's recent foray in video content SneakPeek.
The company is currently associated with over 75,000 restaurants in India and has 1,50,000 delivery partners. It plans to hire 5,000 more delivery partners.
The companies did not disclose the size of the deal which will allow Foodpanda to launch its own brand of food products.
The round is likely to see participation from the existing investor Times Internet. Dineout will also be looking for a new strategic investor.
As of now, the company has a cap of Rs 50 on the tip but a spokesperson told Moneycontrol the company will be revisiting this.
An alumnus of IIT Madras and London Business School, Balijepalli joins the team with a strong entrepreneurial background having co-founded CartPerk Technologies.
Food technology company Gorb today said it has partnered with cab aggregator Ola to offer food to consumers at discounted rates in Mumbai.
It will be interesting to see what strategy UberEats adopts to crack the Indian food delivery market, where most consumers do not pay a premium to get food delivered to their doorsteps
As India's hyperlocal logistics sector sees shutdowns, food tech startups have started buying their own bikes to deliver your pizza and burger in time.
Recently, Foodpanda‘s India unit reported a nearly four-fold widening of loss to Rs 142.6 crore for 2015-16 on account of higher investments in technology, delivery and marketing.
Earlier this month, Moneycontrol.com reported that Yumist was planning to launch cheaper and lighter meal boxes in the range of Rs 75