At a time when investors’ confidence in the Indian start-ups ecosystem shook in post 2015, questions were being raised on the survival of market-sensitive sectors. Food technology being the worst hit saw funding slump down to $80 million in 2017 from an attractive $500 million in 2014. Are food-t…
Tag: Foodpanda
In rat race with Zomato, Swiggy set to get $50 mn in fresh funding
Swiggy, the online food delivery startup, is currently in talks with potential investors to raise at least USD 50 million in fresh funding. Among the potential investors include South African media company Naspers and Chinese conglomerate Fosun International, two people familiar with the developm…
Indian food tech start-ups grew by 150% in 2016 despite funding slowdown: Report
Online food tech industry saw a 150% in order volumes in 2016 despite a funding squeeze and multiple players scaling down their operations or shutting shop, according to a new study. After a heady 2015, Food tech sector was one of the worst affected sector in the funding slowdown last year. The s…
Consolidation is the way ahead for Indian start-ups, say entrepreneurs
With a number of startups, some big names from food tech, shutting shop and over 100 getting snapped up in mergers and acquisitons, the theme at a panel discussion at International Management Institute (IMI), New Delhi, for its startup summit Emerge was apt: Is consolidation of startups a sign of…
Planning a New Year party? These start-ups will help you out
New Year is around the corner and to add more cheers this time it’s falling on a weekend. While most of the people love to go out for a party, many love the idea of planning a house party as it’s more comfortable and pocket-friendly too. Given today’s fast moving life and busy schedules, people […
FreeCharge & Faasos tie up for e-wallet payment solution
Snapdeal owned digital payments platform FreeCharge said it has tied up with food-on-demand firm Faasos for e-wallet payment solution. FreeCharge currently provides e-payment facility to various food and beverages category players like foodpanda, Zomato, Swiggy, Freshmenu, Innerchef, Domino’…
How India’s top start-ups are expected to perform in 2017
2016 was a year of rationalisation for Indian startup sector as most big investors spent cautiously unlike in 2014 and 2015 when it saw a new high in terms of irrational investments. In 2016, companies in sectors such as food-tech and hyperlocal logistics who were sustaining operations on externa…
e-Commerce cos grow revenues, but losses skyrocket
Even without the curbs imposed on them, e-retailers don’t seem to have made too much money in FY16. While for some companies, the losses doubled, for others, it trebled, indicating many of them are simply buying revenues. In other words, they are driving sales by offering customers big discounts …
Foodpanda raises close to Rs 10 cr from parent Jade Gmbh
Food ordering startup Foodpanda has raised close to Rs 10 crore from Berlin-based parent Jade Gmbh and Co, according to documents available with the registrar of companies. The development comes at a time when the company is looking to raise funds from external investors and has also hired an inv…
Strategy of trusting entrepreneurs failed in India, says Rocket Internet
German internet conglomerate Rocket Internet’s Asia-Pacific CEO Hanno Stegmann said the company’s global strategy of putting its trust on entrepreneurs failed in India. The company has learnt that such strategies won’t work everywhere and is now applying the learning globally, S…