Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has dra
Can cloud kitchens take off in India? Swiggy, one of the country’s largest food delivery startups, is betting on it. The Prosus Ventures-backed startup said on Wednesday it has established 1,000 clo
India’s Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business, is struggling with selling food. So it is making major changes to its food
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 m
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. The crediting option will be the fourth
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
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 compan
Uber has said adamantly that it won’t exit India (or any more markets) following a hat-trick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business?
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
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 rai
So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as
Ola, the Uber rival in India, is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero. The deal will see Ola scoo
Rocket Internet has shuffled the online takeout pack of cards once again. This time the publicly listed German "startup factory" and investor is selling Foodpanda to its much larger rival Delivery Her
Rocket Internet-backed food delivery business Foodpanda is divesting yet more of its international holdings. Today the company announced that it would sell Russian Delivery Club, its operations in Rus
Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability
The Brazilian on-demand food delivery company, iFood has picked up $30 million in new financing to expand regionally and solidify its grip over the online food delivery market outside of the US.
News of yet more movement among on-demand food startups: Rocket Internet-backed Foodpanda announced today that it has acquired Delivery.com’s Hong Kong business and will take over its operations the
Foodpanda, the restaurant delivery service backed by Rocket Internet, has laid off about 300 of its employees in its Indian unit. This means Foodpanda India, which launched in 2012, has lost 15 percen
Foodpanda, the food delivery on-demand service backed by Germany's Rocket Internet, has ventured into the world of corporations after it introduced a dedicated service for business customers that it h
Less than two months after raising $110 million, Foodpanda -- the Rocket Internet-backed food delivery service -- has gobbled an additional $100 million serving from investors.