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…
Tag: Swiggy
Personal assistant Tapzo claims to have hit 1 lakh transaction mark
After a re-branding initiative and TV campaigns over the last month, personal assistant app Tapzo claims to have reached 1 lakh transactions on its platform on January 22. The platform-which aggregates orders across food delivery, hyperlocal deals, cabs and bill payments, and recharge -said it wi…
Lawyered | Making legal easier to put cases at rest
You face a dispute, or you’re falsely accused, you file a complaint, or you request an appeal, and then the court is adjourned – hectic, right? Now imagine this – enters a team of passionate professionals who are on their way to disrupt the legal industry, they put your case at rest and the dispu…
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’…
Digital media start-up for millennials raises $3 mn led by Sequoia
Mumbai-based Pocket Aces, a digital entertainment company aimed at the Indian millenial, just raised a cool US$3 million in fresh funding, led by VC bigwig Sequoia Capital. Pocket Aces was founded by Ashwin Suresh, Anirudh Pandita, and Aditi Shrivastava in December 2013. Ashwin and Anirudh were r…
Food delivery start-up Swiggy posts 65 fold increase in losses
Bengaluru: Food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) posted a near 65-fold increase in losses for the fiscal year ended March 2016, indicating heavy cash burn and poor unit economics in food start-ups. Swiggy’s revenue rose to Rs 23.59 crore for the year ended 31 March from Rs 1…
Start-up Wow! Momo plans to raise Rs 50 cr
Start-up venture Wow! Momo is in talks with investors to raise Rs.50 crore for scaling up its operations. Its plans for the future include expansion to newer cities, Co-Founder and CEO Sagar Daryani said. “We plan to raise Rs.50 crore between by March 2017, and we have already begun talks with in…
Swiggy raises $15 mn in Series D round led by Bessemer
Online food delivery start-up Swiggy, owned by Bundl Technologies Pvt. Ltd, has raised $15 million in a Series D round of funding from Bessemer Venture Partners and existing investors Accel Partners, SAIF Partners, Norwest Venture Partners and Apoletto Asia, the company said in a statement on Sep…
Amazon India considers investment in online food delivery startup Swiggy
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 …