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Posts Tagged ‘ zomato ’

Zomato to set up kitchens, launch annual membership service to push revenues

Monday, November 14, 2016 | More »

Deepinder-Goyal,-co-founder-and-chief-executive-officer,-Zomato
Zomato Media Pvt. Ltd will launch two new initiatives – Zomato Red and Zomato Infrastructure Services – to increase revenue and profitability, Mint newspaper reported on Monday. The new initiatives will be rolled out between February and June 2017. In an interview with the daily, Deepinder Goyal...

For-Zomato-Story-TC_ThinkstockPhotos-5360340472

Zomato hires banker for fresh fundraise, plans to set up cloud kitchens

Gurgaon-based restaurant listing and food delivery firm Zomato Media Pvt. Ltd has hired investment bank Morgan Stanley for its next fundraise, according to a spokesperson of the company.  Further details were not revealed. In its last funding round in September 2015, the company had raised $60 mill...

7 November, 2016 | More »

Info Edge

Naukri parent Info Edge’s Q2 profit more than doubles

Info Edge (India) Ltd has reported a more than doubling of net profit for the fiscal second quarter, as earnings from the Naukri.com hiring services business jumped and losses at its 99acres.com real-estate portal shrank. Standalone net profit for the quarter through September surged to Rs 80.07 cro...

27 October, 2016 | More »

zomato

Zomato buys logistics-tech firm Sparse Labs to help restaurants track orders

Online restaurant discovery and ordering platform Zomato Media Pvt. Ltd said on Monday it has acquired Gurgaon-based logistics technology startup Sparse Labs Pvt. Ltd. This is Zomato’s first acquisition in nearly a year and a half and the 10th overall, according to VCCEdge, the data research platf...

26 September, 2016 | More »

legal

Top internet firms Flipkart, Ola, Zomato find it tough to win over legal eagles

India’s top internet companies such as Flipkart, Ola and Zomata, among others, are struggling to find and retain legal eagles who can safeguard their business interests in an environment that is increasingly becoming complex and challenging. Flipkart, the most valued Indian consumer internet c...

3 August, 2016 | More »

stake

Naukri parent Info Edge backs Diro Labs, Unnati Helpers

Info Edge (India) Ltd has invested in contacts management venture Diro Labs and housekeeping services provider Unnati Helpers, as the parent of hiring portal Naukri.com spreads its bets on startups. The company said in a stock-exchange filing on Wednesday that it purchased an 11.5% stake in Diro Lab...

15 June, 2016 | More »

startup

Tech startups: Time for a reality check?

Has the moment of reckoning arrived for Indian internet companies? As India’s e-commerce poster boy Flipkart suffered its fifth markdown this week, this was the question that was on everyone’s lips. Around $5.8 billion has been shaved off its mid-2015 value of $15.2 billion when it last ...

28 May, 2016 | More »

startups

Have Indian startups lost their charm for Silicon Valley hires?

If last year saw top tech executives in Silicon Valley being wooed by startups here, this year saw many of them quitting these Indian internet companies. While some were disenchanted by the startup environment in India, many were inspired to become entrepreneurs themselves. Snapdeal’s chief pr...

28 May, 2016 | More »

zupermeal

Exclusive: Chef Sanjeev Kapoor-backed home food delivery startup ZuperMeal shuts shop

Home food delivery startup ZuperMeal has apparently closed down its operations eight months after it raised seed funding. The ZuperMeal app, when downloaded, is showing an error message. The website of the firm is also not working. Moreover, one of the three co-founders, Balasubramanian Anantha Nara...

27 May, 2016 | More »

zomato

Five takeaways from Zomato’s FY16 performance

Restaurant listings and discovery company Zomato Media Pvt Ltd has been able to reduce its operating cash burn to $1.7 million in May from a high of $9 million last year, but it’s still a long way from being in the black. In an investors call on Thursday, Zomato CEO and co-founder Deepinder Go...

27 May, 2016 | More »

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