Swiggy

Indian food delivery startup Zomato files for $1.1 billion IPO

Indian food delivery startup Zomato on Wednesday filed for an initial public offering, ushering a new era for tech unicorn startups in the world’s second-largest internet market after years of p

India’s Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch

Six-year-old Bangalore-based fintech Razorpay topped a $1 billion valuation late last year, becoming the first Y Combinator-backed Indian startup to reach the much sought-after unicorn status. In less

SoftBank in talks to invest up to $500 million in Swiggy

SoftBank Vision Fund 2 is in advanced stages of talks to invest up to half a billion dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch. The new investment

India’s Swiggy nears $5 billion valuation in new $800 million fundraise

Swiggy has raised about $800 million in a new financing round, the Indian food delivery startup told employees on Monday, as it looks to expand its business in the country quarters after the startup c

Amazon expands its food delivery service across Bangalore

Amazon said on Monday it has expanded its food delivery service, called Amazon Food, across 62 zip codes in Bangalore in what is the first public update since entering the new category in India last M

India’s Zomato valued at $5.4 billion in new $250 million investment

Zomato has raised $250 million, two months after closing a $660 million Series J financing round, as the Indian food delivery startup builds a war-chest ahead of its IPO later this year. Kora (which c

Google backs India’s Dunzo in $40 million funding round

Google is writing a check to another startup in India. The Android-maker, which last year unveiled a $10 billion fund to invest in the world’s second-largest internet market, said on Tuesday tha

Indian food delivery giant Zomato secures $660 million

Zomato has raised $660 million in a financing round that it kicked off last year as the Indian food delivery startup prepares to go public next year. The Indian startup said Tiger Global, Kora, Luxor,

SAIF Partners rebrands as Elevation Capital, secures $400 million for its new India fund

SAIF Partners has raised $400 million for a new fund and rebranded the 18-year-old influential venture capital firm as it looks to back more early-stage startups in the world’s second largest intern

India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, one of a handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million i

India’s Zomato raises $100M from Tiger Global, says it is planning to file for IPO next year

Indian food delivery startup Zomato has raised $100 million from Tiger Global and is preparing for the next phase of its journey: an IPO. Tiger Global financed the capital through its investment vehic

India’s Zomato raises $62 million from Temasek

Indian food delivery startup Zomato has raised $62 million from Temasek, resuming a financing round that it originally expected to close in January this year. Singapore’s state investment arm Te

A glint of hope for India’s food delivery market as Zomato projects monthly cash burn of less than $1M

Food delivery startups in India have been struggling to make financial sense for years. They have each lost as much as $50 million a month to win and sustain customers by offering heavy discounts. And

What India’s TikTok ban means for China

For more than a decade, China has limited how foreign tech firms that operate inside its borders do business. The world’s largest internet market has used its Great Firewall to block Facebook, Twitt

Indian startups diversify their businesses to offset COVID-19 induced losses

E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, a

Amazon launches food delivery service in India

Amazon is joining India’s online food delivery market just as top local players Swiggy and Zomato reduce their workforce to steer through the coronavirus pandemic and months after Uber Eats’ e

Daily Crunch: Apple Stores begin to reopen

Apple outlines new safety measures as it reopens stores, Huawei responds to new U.S. chip curbs and Jack Ma departs SoftBank’s board of directors. Here’s your Daily Crunch for May 18, 2020

Equity Monday: Food delivery economics, and global layoffs

Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. A few housekeeping notes. First, the main, long-from Equity episodes still drop every Friday, so if you

India’s Swiggy to cut 1,100 jobs, scale down cloud kitchen operations

Swiggy said on Monday it is cutting 1,100 jobs and scaling down some adjacent businesses as India’s top food delivery startup looks to reduce costs to survive the coronavirus pandemic that has made

Indian food delivery startup Zomato cuts 13% of workforce

Zomato, an India-headquartered food delivery startup, is cutting 13% of its workforce and enforcing a pay cut for remaining employees. The moves come as it looks to reduce costs and survive the corona
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