Amazon India is considering an investment in online food delivery startup Swiggy and has held several rounds of discussions with the Bengaluru-based startup over the past three months, according to four people directly aware of the ongoing negotiations. Swiggy has also attracted the attention of …
Tag: Foodpanda
Tightening fund flow affecting employment under startups
At a time when investors are gradually tightening their purse strings on venture capital-backed e-commerce firms and tech startups — from $2.91 billion in September quarter of 2015 to $1.52 billion in December quarter to $1.40 billion in March quarter of 2016 and to $583 million in June quarter o…
Foodpanda automates order flow, eyes profits in next three years
Online food ordering platform Foodpanda, which was under fire for laying off over 300 employees earlier this year, has implemented a near complete automation of its order flow to become more operationally efficient with lower staff levels, a top company executive said. “The last six to eigh…
Foodpanda considering another round of investments
Foodpanda.in is considering yet another round of investments this fiscal as it focuses on more human capital, new technologies and products. Saurabh Kochhar, Founder and CEO of the food-ordering application company, told reporters here on the sidelines of an ASSOCHAM event that this year the comp…
Zomato to stop charging from restaurants
A week after breaking even in six markets across the globe, online restaurant search, rating and food ordering company Zomato wants to stop charging commission from restaurants covered by it, Co-Founder Pankaj Chaddah has said. This would apply to orders generated from the platform as well as for…