FOOD DELIVERY APPS
Humans of gig economy: The cultural transformation of the delivery agent
The ubiquity of these workers is such that it’s easy to forget that it has been around for less than 5 years.
Have 60% revenue mkt share in food delivery: Swiggy's Sriharsha Majety
Majety, 33, says the company is moving towards improving its bottomlin...
Walmart unveils robot-run warehouse to whisk food to your car
The Alphabot, designed by a Massachusetts startup called Alert Innovation, coul...
Ant Financial places $150 million on Zomato table at $3 billion valuation
Zomato was last valued at $2 billion when it picked up capital last year after it sold its UAE delivery business to Berlin-based Delivery Hero for $172 million (Rs 1,220 crore) and separately raised $105 million.
AppViewX plans to hire 300 people in India, expand operations
AppViewX’s focus on product innovation will help speed up its global expansion plans and help “establish the company as the most advanced certificate lifecycle management and network automation platform”, Purushotaman, founder and chief technology officer, was quoted saying in a press release.
The rise of unconventional corporate team-building activities
From racing to wine lessons to building food trucks, team-building is now as unconventional as it gets.
How online shopping boom has created a new sector of employment
Customers using apps for shopping has meant shifting dynamics in jobs at the bottom of the urban pyramid.
Zomato to raise up to $600 million by next month: Deepinder Goyal
The company is making all efforts to achieve its mission, 'Better Food for Everyone', Zomato founder Deepinder Goyal said. We started 11 years ago and now present in 550 cities in India and we serve around 48 million people every month.
Ola targets 1 million bike partners by next year
A recent in-house survey revealed that six out of 10 Ola bike partners also work for food delivery networks, helping increase their income levels.
Swiggy parent’s losses mount 5X to Rs 2,363 crore
Swiggy spent Rs 1,593 crore in delivery costs and Rs 423 crore on salaries and wages. The company also spent Rs 778 crore on marketing and advertising expenses to compete with Zomato. Part of Swiggy’s expenses can be accounted by Rs 113 crore lost in order cancellation.
Zomato-UberEats deal: Cab company may invest up to $200 million
If the merger goes through, Zomato and UberEats may emerge as the biggest by number of orders and size ahead of Swiggy in a hotly contested and cash-intensive online food delivery market.
Suits & Sayings: Round-up of weekly whispers & murmurs
Yash and Avanti Birla hosted Hollywood heartthrob Gerald Butler of 300 fame and his girlfriend Morgan Brown in their Rishikesh home for a deep spiritual sojourn – dip in the Ganges, satsang, yoga, meditation and treks in the foothills.
ET Awards: Want 30% pie beyond food delivery, says Swiggy
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
Indian apps witnessed more downloads than Chinese ones
An analysis of India’s top 200 apps by install volume, by app intelligence firm AppsFlyer, showed that 41% were developed by local developers and firms in 2019 compared to 38% in 2018.
Generico gets Rs 10 crore funds from Alteria Capital
Alteria Capital, founded in 2018 by Vinod Murali and Ajay Hattangdi, typically puts in between Rs 2 crore and Rs 100 crore in startups across sectors. In Generico, it is investing out of its maiden Rs 962 crore venture debt fund.
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