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| 24 September, 2020, 04:07 AM IST | E-Paper
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    Food delivery recovery at pre-Covid levels: Zomato

    Among the larger cities, while Delhi and Mumbai are nearing full recovery, metros such as Bengaluru, Hyderabad and Chennai are still behind the curve.

    Tiger & Kora in $250 million Zomato funding round

    For Zomato, the new round of financing comes amid uncertainty surrounding the India strategy of its prominent backer - China's Ant Financial

    Zomato eyes IPO by first half of 2021 as Tiger Global, others join round

    For Zomato, the new round comes amid uncertainty surrounding the India strategy of its prominent backer — China’s Ant Financial, which holds 25% in Zomato and had committed to investing $150 million in January.

    Zomato will go public by first half of 2021, as Tiger Global, others join financing round

    For Zomato, the new round of financing led by US and Singapore-based financial investors comes amid uncertainty surrounding the India strategy of its prominent backer — China’s Ant Financial.

    Mandi alternatives: How agri-tech startups beat the lockdown blues

    While the farmers’ union protests against the Centre’s agriculture reform ordinances, now bills, the alternative path for farm produce that these legislations seek to open up — outside the mandi chain — has been evident for the past six months.

    Zomato’s secret growth engine: A farm-to-fork business unit

    As Covid-19 jolts both the food ordering and dining out business for Zomato, one arm of the company did brisk business.

    MobiKwik joins IPO queue, eyes public listing by 2022

    MobiKwik joins the league of startups such as PhonePe, Paytm and Zomato that have publicly announced their plans to go in for Initial Public Offerings.

    Food delivery services like Zomato, Swiggy regain 80% of pre-Covid sales: Survey

    Restaurants in residential areas were found to be doing 50% better than those in commercial areas and consumers are moving their spends from eating out to home delivery.

    Zomato revenue doubles to $394 million in FY20

    In the first quarter of the ongoing fiscal year, the company's Ebitda loss stood at $12 million on revenue of $41 million and unit economics of its food delivery business improved.

    Sequoia top backer of Indian unicorns with eight bets, China's Tencent 11th with 3 investments: Report

    Fantasy gaming company Dream11 - which recently won the title sponsor rights for the IPL cricket league after a Chinese handset maker had to be dropped out - is one of the three companies backed by Tencent, as per the report.

    Ant talks of significant influence over Paytm

    Ant Group's stake in the Paytm parent would be pegged at about $5 billion, based on the $16 billion valuation ascribed to its business when the startup raised $1 billion in November 2019.

    Vy Capital buys Urban Company Esops worth $5 million

    According to Urban Company chief executive Abhiraj Singh Bhal, about 183 employees, across designations and roles, were eligible to participate in the latest Esop transaction, of which about 120 people, ranging from call centre executives to senior leadership, took part.

    Zomato delivery partners protest 'China Funding'

    The videos of these protests, which show a group of purportedly Zomato employees burning the company uniform, first surfaced on Twitter.

    Sweet news for food delivery companies like Zomato, Swiggy; volumes up, order values too

    The upward swing comes in a quarter where these food delivery apps saw a significant dip in orders to less than 3,00,000 per day in April as restaurant supply and overall customer demand cratered during the Covid-19 induced lockdown.

    Zomato 'Gold' becomes 'Pro' with nearly 50% more restaurants

    Zomato last year became one of the targets of a #Logout campaign initiated by some restaurants for allegedly facilitating discount addiction among customers through its Gold subscription programme.

    Walmart's Flipkart eyes alcohol delivery foray with Indian startup, letters show

    Flipkart and Amazon's interest in delivering alcohol in India marks a bold move to make inroads into an alcohol market that is worth $27.2 billion, according to estimates by IWSR Drinks Market Analysis.

    Swiggy, Zomato, others asked to cut offers, commission

    Typically, online platforms charge 20-25% of order value as commission, depending on multiple factors like brand, exclusivity and consumer reach.

    Marriott partners with Zomato for home delivery service

    Zomato said it will execute contactless delivery on all pre-paid orders, which involve a delivery partner leaving the food at the doorstep rather than an in-person exchange.

    Indian startups like Grofers, Zomato start restoring salaries after pay cuts

    While the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salaries that had been slashed in the April-June quarter.

    From Oyo to Zomato, startups soften pay cuts by expanding Esops pool

    Companies may grant 12-15% of their overall stockholding to ESOPs to help staff hit by cuts, furloughs.

    Zomato, Swiggy renegotiates exclusivity contracts with restaurants

    While each contract was negotiated with different terms, it could range from a flat onboarding one-time payment, monthly assured payments, lower commissions, and higher visibility on the app for the restaurants.

    HSBC's brokerage arm pegs Zomato's valuation at $5 billion

    Taking stock of Zomato's publicly traded shareholder Info Edge, the Gurugram-based company could add $2 billion in market capitalisation to Info Edge over 3-4 years, the brokerage firm said in a report published recently.

    Retailers displeased as Swiggy, Zomato start delivering alcohol

    Retailers in states such as Maharashtra, Odisha and Jharkhand don’t want food delivery apps entering the highly state-centric and excise-regulated liquor space.

    Zomato co-founder's new startup to offer mental health online

    The mobile app provides meditation and yoga content through a mixture of live classes and an on-demand library of audio and video content.

    Mother Dairy ties up with Zomato to home deliver fruit, vegetables in NCR

    In the first phase, Safal, which sells 270 tonnes of fruit and vegetables a day in the region, has initiated delivery in a radius of 10 km around 11 of its 300 outlets.

    Zomato eyes IPO by 1st Half of 2021 as Tiger Global, others join round

    “We have no immediate plans on how to spend this money. We are treating this cash as a ‘war chest’ for future M&A and fighting off any mischief or price wars from our competition,” he wrote.

    Court restricts CureFoods from selling movable assets

    The company had sent a termination notice claiming that it was unable to do business owing to the Covid-19-induced lockdown.

    Alcohol orders to add fizz to Swiggy and Zomato

    Food delivery app Swiggy has started doorstep delivery of alcohol in Jharkhand, while rival Zomato told ET that it plans to launch the service on Friday.

    From Oyo to Zomato, Covid-hit companies renegotiate for breathing space on rentals

    Companies are toying with the idea of giving up a floor, consolidating offices, and shutting down regional divisions, among other measures, to reduce long-term fixed asset costs.

    After delay in China-based investment, Singapore's Temasek to pump $100 million in Zomato

    An existing Zomato backer, Temasek's potential funding is part of a larger investment round that the Gurgaon-based company has been negotiating since the end of last year.

    Zomato introduces contactless dining

    Contactless dining, Zomato said, will minimise customer contact with anything that someone else might have touched, by eliminating use of high-touch elements.

    Battered by Covid-19, Oyo terminates lease contracts for two Gurgaon offices

    The Covid-19 pandemic has resulted in Oyo undertaking a significant number of employee layoffs and furloughs, enforcing pay cuts and shuttering properties across markets, as it looks to restructure operations across the globe.

    Zomato's paid leave for periods takes on a workplace taboo

    For decades, menstruation has been a barrier to women’s equality. The monthly menstruation cycle can cause a variety of painful symptoms that continue with each cycle until menopause, typically occurring between the ages of 45 and 55.

    Zomato starts ‘Talent Directory’ to help its laid off employees find new job

    Zomato has created a Zomato Talent Directory for employers to access employee profiles listed on its forum.

    Nivea partners with Swiggy, Zomato for delivery of hygiene products

    The service, which was initially started in Mumbai last week, has now been extended to over 30 cities, including Delhi, Mumbai, Bengaluru, Kolkata, Jaipur, Bhopal, Indore, Raipur, Kanpur, Nivea India said in a statement.

    There’s more than food on plate of delivery firms Swiggy and Zomato

    This comes at a time when both food aggregators have made a big push in delivering grocery and products for daily use during the ongoing nationwide lockdown.

    Zomato denies rumors of delivery staff contracting coronavirus

    Zomato said that all the customers who came in contact with the restaurant’s employee have been contacted by the relevant authorities.

    Cashing in on Covid-19 lockdown, Zomato wants to deliver alcohol to you

    Zomato wants to cash in on the high demand for booze during the country's Covid-19 lockdown.

    Flipkart, Zomato, other startups' top brass reach office first to allay staff fears

    Most startups have allowed employees to continue working from home, for roles that may not require them to commute to offices, although the government has greenlighted office travel.

    Swiggy, Zomato begin home delivery of alcohol; Amazon enters Indian food delivery market

    E-commerce giant Amazon with deep pockets has entered the vast online food delivery market in India, with launching Amazon Food at select pin codes in Bengaluru. Leading food ordering and delivery platforms Swiggy and Zomato on Thursday said they have started home delivery of alcohol in Ranchi and plan to expand it to other cities going forward.Swiggy, Zomato begin home delivery of alcohol; Amazon enters Indian food delivery market

    BharatPe hires Zomato’s Head of Sales to lead growth

    Jain has worked in leadership roles with Pepsi, the Coca Cola Company & more recently with Zomato.

    Some Chinese VCs looking for a quick exit

    The venture capital and individual investors exploring exits currently own about 4-5% in Indian companies, with some holding less than 2%.

    Zomato places an order for Grofers at $750 million valuation

    Japanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged entity, sources close to the matter said.

    COVID-19 impact: Zomato to layoff around 13% employees and cuts salaries across organisation

    Zomato, a unicorn in the online food delivery space, will let go of 13% of its workforce and cuts salaries across the organisation to tackle the COVID-19 India crisis. The company has around 4,000 employees in different roles. Here's a report by ET NOW's Chandrar Srikant. Watch.COVID-19 impact: Zomato to layoff around 13% employees and cuts salaries across organisation

    Zomato to lay off 13% of its staff as Covid-19 severely impacts food ordering business

    Zomato has said it will let go of 520 people and undertake up to a 50% pay cut for remainder of the organisation.

    How logjam with China has hit Indian startups

    Apart from Ant, SoftBank and SAIF Partners are currently the other large shareholders in One97 Communications with stakes of around 19% and 18% respectively. Paytm founder Vijay Shekhar Sharma holds around 14% in the company.

    Mahi tributes continue, Zomato gives 100% off on food orders in Ranchi; Parle G, KFC, Google use witty lines for MSD

    KFC India posted a picture of an empty chicken wing bucket and wrote ‘The Greatest Finisher’.

    FieldFresh Foods ties up with Zomato, Swiggy, Dunzo for home deliveries

    Under the partnerships, Del Monte range of premium food products, including tomato ketchup, mayo, pasta, olive oil and fruit drinks will be delivered to consumers' homes amidst the continuing lockdown.

    E-commerce companies like Amazon, Flipkart seek time to comply with labelling rule

    Companies have been asked to provide feedback within a fortnight about the modalities after discussing it with sellers on their platforms.

    Zomato, Swiggy orders drop 70% in 10 Days

    Online food delivery orders for Zomato & Swiggy have dropped 70% in the last 10 days to under 1 million a day.

    91springboard raises Rs 45 crore in fresh funding

    As soon as the lockdown was announced in March, 91springboard had paused it’s billing cycle on membership plans offering some respite.

    Covid-19: Hygiene tops menu for Swiggy, Zomato

    Customers have also expressed concern about the health of delivery partners given their exposure to multiple people. In fact, Red-Seer Consulting has forecast a 30% drop in food delivery volumes in India for early March.

    From Google's Sundar Pichai to Zomato's Deepinder Goyal, the world's most influential CEOs

    GlobalData research has found the top CEO influencers based on their performance and engagement online. Using research from GlobalData’s Influencer platform, Verdict has named ten of the most influential CEOs on Twitter during Q2 2020. The list includes Anand Mahindra, Dheeraj Pandey, Sundar Pichai, Satya Nadella, and Deepinder Goyal.

    Amazon, BigBasket get nod for liquor delivery in West Bengal

    State-owned West Bengal State Beverages Corporation Ltd (BevCo) invited the two companies to sign the agreements for empanelment for home delivery after finding them eligible, as per a notice dated June 19.

    Cheque-mate? Startups’ China funds may dry up

    Chinese investors are the biggest backers of the country’s fast-growing digital economy.

    Dream11 parent secures $225 million in fresh funding

    The funding, which is largely secondary in nature with a smaller primary component, is expected to result in the further reduction of Chinese gaming and social media giant Tencent Holdings’ stake in the company to single digits, sources told ET. The investment values Dream Sports at about $2.5 billion, said people with knowledge of the matter.

    Zomato kicks off grocery deliveries in India amidst Covid-19 lockdown

    The aim here is to ensure last-mile delivery of essentials to households in India during the Covid-19 lockdown.

    Swiggy offers Jumpstart Package for restaurant partners to resume operations

    The food ordering app has also activated bi-weekly payment options to enable smooth cash flows for partners, it said.

    PolicyBazaar arm cuts over 1,500 jobs

    Owing to the coronavirus impact, other unicorns and large startups like Oyo, Curefit, Swiggy, Ola, and Zomato too have had to cut their team sizes by 10-30%, while some have placed additional staff on furloughs.

    Startups like Zomato, Oyo offer more Esops to staff to ease pay cut pain

    In April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the cash cut from their pay cheques.

    Tata Consumer Products ties up with Domino's Pizza, Zomato to deliver essential goods

    These channel partnerships have been done in a phased manner, with Flipkart being the first e-commerce platform to enable the availability of its essential products in Mumbai, Bengaluru and Delhi.

    Drip funding: Swiggy, Zomato settle for smaller cheques of $5-10 million

    Food delivery companies take offers of $5-10 million in tough conditions.

    Returning to normal: With India - and Indians - opening up, food companies see demand drop

    Since April, there has been a surge in demand as consumers filled their grocery carts with many companies ramping up production capacities to meet increased sales. However, marketers said consumers who recoiled from restaurant food earlier have increasingly started ordering on food delivery apps such as Swiggy and Zomato.

    Zomato, Swiggy will have new competition. The restaurants

    Terming aggregators as ‘virtual landlords’, Anurag Katriar, President, National Restaurant Association of India (NRAI) says there is an urgent need for the sector to reduce their dependence on such platforms. To safeguard its interest, restaurants are now collectively coming up with their own loyalty scheme, bill settlement technology and even a home delivery solution. This pits the restaurants directly against the likes of Zomato and Swiggy.Zomato, Swiggy will have new competition. The restaurants

    Info Edge set to raise new $100 million fund

    The fund also comes at a time when overall investment activity is slowing down due to the Covid-19 pandemic.

    Hitesh Oberoi explains why Zomato model is not under any threat

    'Activities on 99acres, Naukri, Shiksha and Jeevansathi are almost back to normal.'

    BigBasket, Grofers, other e-grocery firms see rise in non-metro users

    Grofers said it was able to retain 62% of users who came on board in March after the nationwide lockdown, adding it expects to retain around 50% of new users in the long term.

    Covid-19: Orders on Zomato, Swiggy go down by 60%

    Zomato said it has been operating at 30% delivery capacity. The company has also been facing issues across cities while delivering food despite being classified as an essential service.

    IPL 2020: Advertisers, sponsors to showcase firms that thrived among pandemic

    E-commerce operators like Myntra and BigBaskets are voting with their wallets this IPL. Myntra is making its IPL debut as a sponsor of the Royal Challengers Bangalore (RCB) and Mumbai Indians (MI) franchisees, while online grocer BigBasket has come on board this year as a sponsor for Rajasthan Royals (RR), according to the websites of the teams.

    Paytm, Zomato, BigBasket, others could run into India’s great FDI wall

    Chinese investors have emerged as the biggest backers of the country’s startup economy.

    Zomato smells opportunity in groceries, pings Grofers, BigBasket

    This is a major step towards diversification and a move to keep demand high at a time when most businesses are registering a slowdown. Online food ordering has taken a hit in the past week with order numbers falling by as much as 20%.

    CarDekho lays off 200 employees, up to 22.5% pay cut for rest

    When contacted by ET, a spokesperson for CarDekho confirmed the layoffs and pay cuts, without answering specific queries or providing details.

    Rebel Foods to expand beyond cooked meal brands, brews a new food kits plan

    The idea is to extend cases beyond restaurants and create products for customers for use in homes.

    Post Covid-19, consumer goods to shine with PE/VC investors

    It is expected that once the market starts recovering it might unearth golden opportunities in the future for sectors such as consumer goods due to changing consumer preferences.

    Cipla Health partners Swiggy, Zomato, Dunzo for home delivery of OTC wellness products

    A home-delivery system makes it very convenient and safe for customers to get access to the wellness products, which otherwise might be difficult due to these lockdown conditions, the company said in a statement.

    The Gig Factor: New tools and platforms spring up to aid laid-off workers and nervous companies

    As laid-off workers and nervous companies gravitate towards freelance work, the gig economy is moving from the fringes to the core. New tools and platforms are springing up to support the trend, and an appropriate policy framework too will be needed.

    Amazon launches food delivery service in India

    Amazon has been luring eateries with competitive commissions as a part of its larger plan to build a comprehensive product portfolio.

    Swiggy starts home delivery of alcohol

    To ensure safe delivery of alcohol and in compliance with applicable laws, Swiggy has introduced measures such as mandatory age verification and user authentication to fulfil orders.

    Lockdown: Godrej Consumer partners Zomato, ShopKirana, Zoomcar for delivery of essential items

    Earlier three FMCG makers - ITC Foods, Marico and Britannia - had announced partenships with several firms to get their products delivered at consumer's doorsteps by using the service of app-based aggregators.

    Punjab government ties with Zomato, Amul, Swiggy, chemists for doorstep supply

    Passes were also being issued to authorized vendors for the supply of essential goods, according to DGP Dinkar Gupta, adding that for home delivery of Medicines, in particular, necessary tie-ups are being made with the respective Chemist Associations, so that orders can be taken on phone and home delivery is accordingly undertaken.

    Swiggy lays off 1,100 employees as Covid-19 derails Cloud kitchens

    Swiggy said if someone's notice period is three months and they've spent five years with the company, they will get eight months of salary.

    Eatery chains hope to score with IPL, expect deliveries to jump 30 per cent

    In the run-up to the short format cricketing event, chains have started curating special menus, ready-to-eat selection, and cocktail kits. They are also cutting prices and exploring deeper partnerships with online aggregators to lure customers.

    Jeevansathi was the only business which did well in Q1: Info Edge

    ‘In Naukri, we have seen a handsome recovery in IT jobs. We are seeing reasonable sort of activity in sectors like healthcare, education, pharmaceuticals, insurance.’

    Info Edge climbs over 2% post Q1 results

    Axis Capital maintained ‘Add’ rating on Info Edge with a price target of Rs 3,570, citing better-than-expected margins.

    Zomato lets go of exclusivity for cloud kitchens

    The move — which essentially allows these restaurants to list on rival platforms such as Swiggy — underlines a major shift in strategy for Zomato.

    Uber approaches Grubhub with acquisition offer

    The potential acquisition suggests that the Silicon Valley disruptor is doubling down on its fastest-growing service in a scramble to adapt to what is likely to be a long business interruption.

    Uber pilots package delivery service in four cities in India

    Users will be prompted to agree to package delivery terms and conditions, and after confirming that the item complies with those terms, users can request delivery.

    New-age brands look for a direct connect with users

    New-age brands in the grooming, hygiene, premium packaged foods and clothing space are expanding their online footprints beyond Amazon and BigBasket, moving supply chains from China to India and rejigging product portfolios due to the Covid-19 pandemic.

    Swiggy, Zomato, others reach out to governments, offer last mile delivery assistance

    Paytm said it will also contribute up to Rs 10 for every payment transaction using the Paytm app, and also give Rs 5 crore for innovators who are developing medical instruments or medicines to combat the virus.

    Ola is expanding its foods business by increasing the number of in-house brands

    ​​In the last nine months, Ola Foods has launched three new brands -- Bowlsome, Paratha Experiment, and Meal Kits, and expanded its selection under top-selling brand Khichdi Experiment.

    Is it lockdown for startups?

    With Covid-19 and automation, GoI’s one-time employment darlings could become prodigal liabilities.

    Innovation in a crisis: Restaurants are taking on Zomato, Swiggy on their home turf

    The Covid sledgehammer to the restaurant industry has been brutal, but the sector is not going to roll over and die. Using the pandemic to innovate, the industry is now looking to make sweeping change to the way it operates.

    Zomato acquires Uber Eats in an all-stock transaction

    The all-stock transaction will give the US-based ride-hailing company about 10% shareholding in Gurgaon-based Zomato.

    Zomato, Swiggy ordered to shut down in several states despite centre’s intervention

    Tamil Nadu and parts of Punjab, Uttar Pradesh, Gujarat, Goa, Chhattisgarh, Bihar, Assam, and Pondicherry have not allowed food delivery businesses to operate during the lockdown.

    Covid-19: Zomato sets up funds for income-starved daily wage workers in India

    For the current initiative, Zomato has partnered with various NGOs to make sure of responsible distribution of the meal kits bought by the funds while maintaining social distancing.

    GA scouts for early bets in Indian tech startups

    General Atlantic manages $35 billion in assets across the world, and has been among the rare growth-stage funds to make several bets on fledgling companies in the domestic technology space.

    Zomato enters fintech space, launches co-branded credit card with RBL, Master Card

    The more premium Edition card is priced at Rs 3,000 (exclusive of taxes). Apart from the basic features such as Zomato credits on every purchase, the card holders will get lounge access at certain domestic airports and will offered a global Gold membership.

    As restaurants start shuttering, some entrepreneurs are trying to reinvent their business

    The lockdown has also brought many high-end outfits down to the business of food delivery—fine-dining brands like Masque and Bombay Canteen, and hotel chains like Accor, Hilton, and Conrad, and Sheraton have started home delivery.

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