In January, Zomato said that it had raised $150 million (over Rs 1,065 crore) from existing investor Alibaba-affiliate Ant Financial as a part of a larger funding round.
During the protest, some of them claimed that they had quit their job as Zomato has a sizeable Chinese investment and urged people to stop ordering food via the company.
Why the ongoing India-China border dispute should remain at the border and not lead to a trade war. Here is all you need to know:
With long-term goals on mind, companies are looking for specialists to build technology, products and analyse data.
Online food delivery company Zomato ends arrangement with TechEagle; says it will still go ahead with drone plans
As the food and beverages industry resumes business, Swiggy hopes to get restaurants online faster with its 'Jumpstart Package'.
As pressure mounts and investors tighten purse strings, startups cut costs, streamline businesses with a singular aim of making profits.
The partnership will start with close to 30 hotels in cities Bengaluru, Gurugram, Delhi, Pune, Chandigarh, Mumbai, Hyderabad, Ahmedabad, Raipur, Chennai, Kochi and Surat, Marriott International said.
As companies look to conserve cash, ESOPs should come into play but they find few takers among employees as well as founders.
The company says its channelling resources to meet the growing demand for essential supplies.
Swiggy Staples Plus, which is being tested, will offer the credit option to restaurants that get their supplies through Swiggy Plus.
Goes live in Bhubaneswar, Rourkela; Zomato, too, has launched in the state capital.
After Jharkhand, Odisha is the second state to give the nod, more states could open up as well.
This development comes while Zomato is in the middle of a downsizing operation and is looking to ensure steady revenue in the middle of a pandemic
However, industry sources have pointed out that only BMC's nod is not enough and clearances from multiple government departments are also needed.
CCI examining if Zomato’s acquisition of Uber Eats India is anti-competitive and whether the two companies should have notified it about the transaction. Probe could impact similar deals between leading players.
The Jeff Bezos-owned e-commerce firm wants more of the consumers' wallet in India, and food delivery is just one more ingredient.
Like Swiggy, Zomato, too, has chosen Jharkhand to begin the service from.
Most FMCG companies plan to continue the partnership even after the lockdown.
The layoffs come two days after rival Zomato let go of around 500 people.
National Restaurant Association of India, the industry body for restaurants across the country is encouraging its members to offer a digital dining experience to their customers.
COVID-19 and the lockdown have hit the business severely and there is a need to redefine business strategy, CEO Deepinder Goyal has said.
The decision comes at a time when rival Zomato has doubled down on its Gold programme.
The food delivery platform had earlier this year in March extended Gold membership for its customers by two months, in light of the COVID-19 pandemic which was followed by a nationwide lockdown.
Zomato has already diversified into grocery deliveries as the restrictions on movement shuttered some restaurants and people hesitated to order outside food due to fears of catching the disease.