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Uber all set to sell Uber Eats’ India business to Zomato

Uber is in advanced stages of talks to sell its food delivery service Uber Eats in India to local rival Zomato as the American ride-hailing giant looks to cut its global spending, three people familia

Inside Prosus Ventures’ $4.5 billion bet on India

Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takea

Tencent leads $111M investment in India’s video streaming service MX Player

MX Player, a popular video app that offers both local playback and streaming services, said on Wednesday that it has raised $110.8 million in a new financing round led by Chinese internet giant Tencen

Indian startups have raised a record $11.3B this year

With two months of 2019 still to go, Indian tech startups are already having their best year as a record amount of capital flows into the local ecosystem in a major rebound since the darkened funding

Dara Khosrowshahi says Uber remains committed to India but offers no concrete plans

Uber said on Tuesday that it has won a bid to work with the government-run subway system in India’s capital in one of its rare announcements in India, a key overseas market where it is facing a fier

Zomato hits roadblocks in India as restaurants lose appetite for gold

Zomato, one of India’s biggest food delivery startups, has major ambitions. Now it is also facing some major challenges. Zomato is increasingly expanding its reach in the country to serve dozens of

India’s Awfis raises $30M to grow its co-working spaces business

Speaking of businesses that operate co-working spaces in India, New Delhi-based startup Awfis announced today that it has raised $30 million in a new financing round to expand its footprint in the cou

India’s Indifi raises $21M to expand its online lending platform

Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 1,450 million Indian rupees ($21 million) in a new fi

Y Combinator-backed Vahan is helping low-skilled workers in India find jobs on WhatsApp

The emergence of online hyperlocal services and e-commerce firms in India has led to the creation of about 200,000 jobs for blue-collar workers who deliver items to customers, according to industry es

A 23-year-old B2B company has shown how keen India is for tech IPOs

Away from the limelight of the press and the frenzy of fundraising, a tech startup in India has achieved a feat that few of its peers have managed: going public. IndiaMART, the country’s largest onl

India’s Zomato flies drone to deliver food in successful test

Zomato, one of India’s largest food delivery firms, may have figured out a faster way to crawl through dense populated routes: going via air with drones. The company, which has expanded its restaura

India’s Ola switches gears on its food delivery business, Foodpanda

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

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 m

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 e-commerce giant quietly introduced an additional feature to

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 c

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 Smilegate Investm

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 hat-trick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business?

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

Udaan, the e-commerce startup led by three former Flipkart executives, raises $225M

The trio announced this morning that their B2B e-commerce startup Udaan had raised $225 million in Series C funding. The cash infusion, according to Indian media reports, makes Udaan the fastest-ever

Indian food delivery startup Swiggy raises $210M at a $1.3B valuation

India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicor
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