zomato News of 05/23/19
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 ...
Amazon Now Sells Flight Tickets In India
Indians can already use Amazon to pay for their mobile bills and borrow money to purchase items, but now there’s more. This week, the ecommerce giant quietly introduced an additional feature to its shopping site: flight tickets. Amazon has ...
India’S Largest Mobile Wallet Company Paytm Now Offers A Credit Card
Paytm, India’s largest mobile wallet app, has branched out to several businesses in recent years as threat from Google and Facebook grows. On Tuesday, it added another category to the list: credit cards. The firm, operated by One97 ...
India’S Cashfree Raises $5.5m From Korea’S Smilegate, Y Combinator And Others
Cashfree , an India-based startup that specializes in making corporate banking services more accessible and easier to use, has closed a $5.5 million Series A round. The deal is led by Korea’s Smilegate Investment with participation from Y ...
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 ...