Foodpanda News of 08/21/19
India’S Ride-Hailing Giant Ola Hits The Brakes On Food Delivery Business Foodpanda
India’s ride-hailing giant Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business , is struggling with selling food. Ola has suspended local operations of Foodpanda, the Indian ...
Food Delivery Startup Dahmakan Eats Up $5m For Expansion In Southeast Asia
It’s harvest season for Southeast Asia’s full-stack food delivery startups. Following on from Singapore’s Grain raising $10 million , so Malaysia-based Dahmakan today announced a $5 million financing round of its own. The money ...
India’S Most Popular Services Are Becoming Super Apps
Truecaller, an app that helps users screen strangers and robocallers, will soon allow users in India, its largest market, to borrow up to a few hundred dollars in the nation. The crediting option will be the fourth feature the nine-year-old app ...
Singapore’S Grain, A Profitable Food Delivery Startup, Pulls In $10m For Expansion
Cloud kitchens are the big thing in food delivery, with ex-Uber CEO Travis Kalanick’s new business one contender in that space, with Asia, and particularly Southeast Asia, a major focus. Despite the newcomers, a more established startup from ...
GuestReady, A Service For Airbnb Hosts, Doubles Down On Europe With Another Acquisition
GuestReady, a service that helps shared economy hosts manage their business on Airbnb and other rental sites, is getting into expansion mode again after it completed its fourth acquisition. The company, which has raised $3.7 million from ...
Uber Is Reportedly Close To Making A Tactical Exit From India’S Food Delivery Industry
Uber has said adamantly that it won’t exit India (or any more markets) following a hattrick of retreats from China , Russia and Southeast Asia , but does that include its food delivery business? The answer could well be yes. If media ...
India’S Swiggy Goes Beyond Food To Offer Product Delivery From Local Stores
Swiggy, the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product. The move has been speculated since as early as 2017, but recent developments ...
Uber’S India Rival Ola Nears $6 Billion Valuation Ahead Of Huge Funding Round
Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to ...