Posts filtered by tags: Zomato[x]


 

Zomato acknowledges emerging duopoly in food delivery as unit economics improve

“While FY19 saw hyper-competition between four well-funded food delivery players, FY20 ended with a two player market structure,” Zomato CEO and co-founder Deepinder Goyal said in a mid-COVID-19 performance report published by the company on Friday. Like app-based cab booking, app-based food delivery is indeed a duopoly now — Zomato and Swiggy remain the only players in the market, with Uber Eats having been sold off to Zomato and Ola significantly scaling Foodpanda back. While Goyal admitted in...
Tags: Travel, News, China, Food Delivery, Zomato, Ola, Deepinder Goyal, Financials, Goyal, Zomato Gold, Sanjeev Bhikchandani, Hyperpure, Zomato Pro, Zomato Zomato Gold Pro


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 discounts. And unlike some other markets, food delivery startups have been severely hit by the coronavirus pandemic. But Zomato, one of the two market leading startups operating in the space, today offered a rare sign of hope for the market after it said it had severely cut its cash-burn as it looks to become profit...
Tags: Amazon, Food, Apps, Asia, India, Tech, Ant Financial, Zomato, Bangalore, Gurgaon, Deepinder Goyal, Swiggy, EBIDTA, Prosus Ventures, Anand Lunia, Uber Eats ' India


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, Twitter, Google and other services in the name of preserving its cyber sovereignty. The walled-garden approach has helped homegrown giants like Tencent and Alibaba Group win the local market, while giving the Chinese government a better hold on what gets communicated on these platforms. China has even s...
Tags: Apple, Google, Security, Apps, Asia, Government, China, India, Tech, Tencent, WeChat, Alibaba Group, Zomato, New Delhi, Helo, Paytm


Uber starts grocery delivery in Latin America and Canada

Uber has started grocery delivery in Latin America and Canada, the company announced on Tuesday. In the cities where grocery delivery will be available in these territories, Uber will be relying on its acquisition of Cornershop, a Chilean grocery delivery startup. In Latin America, Uber will be delivering groceries in Brazil, Chile, Colombia, and Peru. In Mexico, one of Uber’s largest markets outside the US, the company awaits regulatory approvals. “Uber and Cornershop continue to work closely w...
Tags: Travel, Uber, News, Mexico, India, US, Canada, Peru, Zomato, Latin America, Cnbc, Postmates, Uber Eats, Dara Khosrowshahi, Cornershop, Grocery Delivery Platforms


I&B Ministry’s Amit Khare says 26% FDI limit should apply to news aggregators

Amit Khare, the Secretary of the Ministry of Information & Broadcasting, on Tuesday said that foreign direct investment rules applicable to print media should also apply to news aggregators. Aggregators, like Inshorts and Dailyhunt, are apps or websites that curate their content from other publishers, and some use algorithms to personalise content for readers. “ I would not like to announce it here, that is not my role. But there is a very serious thinking that a level playing field should be th...
Tags: Travel, News, China, India, US, Newspapers, Digital Media, Alibaba, Zomato, UC, Financial Times, News Aggregators, Fdi, Ministry, Mobile Association of India, Agarwal


Naukri, 99Acres were more affected by COVID-19 than Jeevansathi, Shiksha

With easing lockdown restrictions in emerging markets, Naukri and 99Acres are back to “minus 20% to minus 15% levels from before the lockdown”, InfoEdge Managing Director Hitesh Oberoi revealed during the company’s earnings call on June 23. “Q1 [of FY21] has been terribly impacted by the lockdown,” Oberoi said. “Most of April and May were shut for business. … We saw our traffic dip by almost 80% in April on 99Acres, and by 60%-70% dip on Naukri,” he said. Naukri’s job seeker index was down 60% i...
Tags: Travel, News, India, US, Linkedin, E-commerce, Earnings, North, Zomato, Focus, NCR, Bangalore, Oberoi, South India, North India, Online Classifieds


Zomato has interest from other investors, says InfoEdge’s Bhikchandani

During InfoEdge’s earnings call on June 23, which owns a 22.71% stake in Zomato, InfoEdge founder and vice chairperson Sanjeev Bhikchandani had said that the funding from Ant Financial was yet to come but they had investor interest from other investors who don’t need any permission to invest in an Indian company. But the Financial Times reported on Sunday that Zomato’s $100 million funding from Ant Financial, a sister company of Tencent and Alibaba, has been scuppered by the recent Indo-China te...
Tags: Travel, Amazon, News, India, Amc, E-commerce, Alibaba, Tencent, Earnings, Ant Financial, Zomato, Delhi, Financial Times, Bangalore, Deepinder Goyal, Oberoi


Uber will buy food-delivery startup Postmates for $2.65 billion

Uber will buy food delivery firm Postmates for $2.65 billion in an all-stock deal, Uber confirmed on Monday. Postmates was founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011. It currently only serves the US, and is headquartered in San Francisco. Uber has been circling around several smaller food-delivery businesses over the past few years, attempting to buy GrubHub and the UK's Deliveroo. Visit Business Insider's homepage for more stories. Uber will buy the food delivery startup...
Tags: Europe, UK, US, Trends, Zomato, Postmates, Wedbush Securities, GrubHub, San Francisco Uber, Dara Khosrowshahi, Cornershop, Dan Ives, Bastian Lehmann Sam Street, Sean Plaice, Shares of Uber


Uber is buying Postmates in a $2.65 billion deal as it leans on food-delivery to make up for coronavirus losses (UBER)

Uber will buy food delivery firm Postmates for $2.65 billion in an all-stock deal, Uber said Monday, confirming earlier reports.  Postmates was founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011. It currently only serves the US, and is headquartered in San Francisco. Uber has been circling around several smaller food-delivery businesses over the past few years, attempting to buy GrubHub and the UK's Deliveroo. Visit Business Insider's homepage for more stories. Uber will buy the ...
Tags: Uber, Europe, UK, US, Trends, Zomato, Postmates, Uber Eats, Bastian Lehmann, EBITDA, Wedbush Securities, GrubHub, San Francisco Uber, Dara Khosrowshahi, Cornershop, Khosrowshahi


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, an online travel and hotel ticketing service, is exploring a new business line altogether: Supplying office accessories. Flipkart and Yatra are not the only firms eyeing new business categories. Dozens of firms in the country have branched out by launching new services in recent weeks, in part to ...
Tags: Amazon, Facebook, Ecommerce, Apps, Asia, Instagram, Education, Entertainment, India, Tech, Walmart, Zomato, Logistics, Mumbai, New Delhi, Flipkart


Top 10 stories of the week: June 22nd to June 28th 2020

In no particular order, here are MediaNama’s top 10 stories of the week ended 28th June 2020 MediaNama would like to thank its sponsors: , for their support. Enforcing Net Neutrality in India: what to know before TRAI’s open house discussion The Telecom Regulatory Authority of India (TRAI) will hold an open house discussion on traffic management practices and a committee to enforce Net Neutrality regulations on June 24. Read it here The National Health Stack is shaping up: doctor registry in th...
Tags: Travel, Google, Home, Facebook, Hollywood, News, Germany, India, Netflix, Telecom, Zomato, Kashmir, Bangalore, Trai, Telecom Regulatory Authority of India, Reform Government Surveillance


Exclusive: Vodafone Idea is entering India’s drone ecosystem, as partner of a consortium that includes Zomato as well

You’re reading it here first: Vodafone Idea is set to enter India’s drone ecosystem by partnering with Zomato in the upcoming “beyond visual line of sight” (BVLOS) drone experiments being organised by India’s civil aviation regulator, a company source confirmed to MediaNama. BVLOS drone operations allow remote piloting of drones, and do not need to be manoeuvred by keeping the drone in sight. This a crucial use case for the industry from a commercialisation perspective, according to multiple peo...
Tags: Travel, UK, News, India, US, Eu, Spain, E-commerce, Drones, Vodafone, Zomato, Cto, Airmap, Reliance, Nandan Nilekani, SpiceJet


Exclusive: Vodafone Idea is entering India’s drone ecosystem, in partnership with Zomato

You’re reading it here first: Vodafone Idea is set to enter India’s drone ecosystem by partnering with Zomato in the upcoming “beyond visual line of sight” (BVLOS) drone experiments being organised by India’s civil aviation regulator, a company source told MediaNama. BVLOS drone operations allow remote piloting of drones, and do not need to be manoeuvred by keeping the drone in sight. This a crucial use case for the industry from a commercialisation perspective, according to multiple people from...
Tags: Travel, UK, News, India, US, Eu, Spain, E-commerce, Surveillance, Drones, Vodafone, Zomato, Cto, Airmap, Reliance, Nandan Nilekani


Amazon, BigBasket greenlit for alcohol delivery in West Bengal

After entering the food delivery market in India, Amazon has received approval to deliver alcohol in West Bengal. The West Bengal State Beverages Corporation, , said that the Amazon was found to be eligible and will now be invited to sign an MoU. This was first reported by Reuters. Alibaba-backed grocery delivery company BigBasket has also received approval. Food delivery companies Swiggy and Zomato, and alcohol delivery company HipBar have already begun delivery. On May 26, Zomato launched alc...
Tags: Travel, Amazon, News, Zomato, BigBasket, Swiggy, West Bengal, Reuters Alibaba, Alcohol Delivery, Rourkela, India Amazon, HipBar, Bhubhaneshwar, West Bengal State Beverages Corporation, Odisha While Swiggy


Zomato’s funding restrictions and apprehension over drone deliveries were key deal breakers for TechEagle

Lucknow-based drone startup TechEagle Innovations, which Zomato had acqui-hired a year-and-a-half ago, has cancelled the acquisition deal and parted ways with the company. TechEagle’s six-member team, including founder & CEO Vikram Singh Meena, resigned en-masse from Zomato on April 30, Meena told MediaNama. MoneyControl first reported on the disassociation between the two companies. While Zomato said that the companies were no longer “aligned” about their future goals, the deal fell through for...
Tags: Travel, News, Drones, New Zealand, Zomato, Delhi, Mumbai, Amritsar, Meena, Lucknow, Vikram, DGCA, Directorate General of Civil Aviation, COVID, TechEagle, Vikram Singh Meena


Flipkart to launch new hyperlocal delivery service: Report

Flipkart is looking to enter the hyperlocal delivery space by next month, starting with grocery services, reported the Economic Times. The Walmart-owned company will reportedly launch a separate vertical for this. The service is expected to first go live in Bengaluru, and will be on pilot mode in the city at least until October. With this, Flipkart will be up against the likes of Dunzo, Swiggy and Reliance’s JioMart, among others. We have reached out to Flipkart for more details. Apart from groc...
Tags: Travel, News, Zomato, Flipkart, Hyperlocal, Bengaluru, Reliance, Swiggy, Shadowfax, Dunzo, Jiomart, Economic Times The Walmart, Dunzo Swiggy


Uber appoints Pradeep Parameswaran as new head of its Asia Pacific business

Uber has appointed Pradeep Parameswaran, who oversaw the ride-hailing giant’s business in India and South Asia for two years, as the regional general manager of its Asia Pacific region operations. Parameswaran, who starts his new role next week, will be tasked to improve Uber’s presence in the nine nations in the Asia Pacific region where the company currently operates. “There is huge potential to serve more Uber customers and continue innovating across the diverse region, whether that be tax...
Tags: Transportation, Uber, Asia, South Korea, Hong Kong, Europe, Japan, Australia, China, Southeast Asia, India, Tech, Asia Pacific, Zomato, South Asia, Jain


Aarogya Setu App and its many conflicts

by Shashidhar KJ  As the COVID-19 pandemic continues to spread, many technology interventions have been drafted to fight against the spread of the disease in India. The Indian central government has been promoting the Aarogya Setu app to enable contact tracing as a mean to control the virality. India is currently in the first phase of opening up, after four phases of nationwide lockdowns. Each phase has seen a decrease in restrictions on movements and increased economic activity. Despite the rel...
Tags: Travel, Apple, Google, Bluetooth, News, Singapore, India, NHS, Zomato, Mumbai, UPI, Amazon Web Services, Reliance Jio, Ken, Noida, MHA


Swiggy, Zomato to start alcohol delivery in West Bengal

Food delivery services Swiggy and Zomato will now start alcohol home delivery in West Bengal, after already offering the service in Jharkhand and Odisha. Swiggy will start its service in Kolkata and Siliguri, and has obtained necessary approvals from the West Bengal government.  Swiggy said its alcohol retailers will be offered a dedicated app from where they can manage product listings and stock updates. Details about Zomato’s operations are yet unknown as a company spokesperson could only conf...
Tags: Travel, News, Zomato, Kolkata, Swiggy, West Bengal, Odisha, Siliguri, Alcohol Delivery, Odisha Swiggy


Google and Walmart’s PhonePe establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of Walmart -owned PhonePe’s 60 million users, and SoftBank -backed Paytm’s 30 million users, people familiar with the companies’ figures told TechCrunch. Google still lags Paytm’s reach with merchants, ...
Tags: Google, Android, Facebook, Uber, Apps, Mark Zuckerberg, Asia, India, Softbank, Tech, Walmart, Whatsapp, Credit Suisse, Alipay, Payments, Zomato


Google and Walmart establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. More than 10 million users transact on SoftBank -backed Paytm’s app everyday, according to internal data seen by...
Tags: Google, Android, Facebook, Uber, Apps, Mark Zuckerberg, Asia, India, Softbank, Tech, Walmart, Whatsapp, Credit Suisse, Alipay, Payments, Zomato


Zomato starts home delivery of alcohol in Odisha

Zomato will start home delivering alcohol in Odisha’s capital, Bhubaneswar, starting today, the company announced in a release. The service, named Zomato Wine Shops, will be available on the app’s home page, and will allow users to select any product from the listed retailers (just like grocery stores) between 9 am and 6 pm, the […] ...
Tags: Travel, News, Zomato, Swiggy, Odisha, Bhubaneswar, Alcohol Delivery


Zomato, Swiggy start home delivery of alcohol in Odisha

Update at 2:51 PM: Only hours after Zomato’s announcing alcohol delivery in Bhubaneswar, rival Swiggy is now starting alcohol delivery in Bhubaneswar and Rourkela. The service will be extended to other cities in the coming week. To place orders, customers need to complete an instant age verification by uploading a picture of their valid government ID, […] ...
Tags: Travel, News, Zomato, Swiggy, Odisha, Bhubaneswar, Alcohol Delivery, Rourkela


Uber cuts 600 jobs in India

Uber is cutting 600 jobs in India, or 25% of its workforce in the country, it said on Tuesday as it looks to cut costs to steer through the coronavirus pandemic. The job cuts, which affect teams across customer and driver support, business development, legal, policy, marketing, and finance, are part of the company’s global restructuring that eliminated 6,700 jobs this month. The American giant, which claimed to be the top cab hailing service in India earlier this year, said it was providing 1...
Tags: Transportation, Uber, Asia, India, Tech, Zomato, New Delhi, Uber India, South Asia, Ola, Makemytrip, Swiggy, Oyo, Pradeep Parameswaran, Coronavirus, COVID-19


Zomato elevates food delivery CEO Mohit Gupta to co-founder

Zomato has elevated Mohit Gupta, CEO of food delivery, and gave him the title of co-founder. Zomato confirmed the development to MediaNama, which was was first reported by the Economic Times. Zomato co-founder and CEO Deepinder Goyal informed employees of the development in an email sent yesterday. “While the foundation of Zomato was built before […] ...
Tags: Travel, News, Food Delivery, Zomato, Deepinder Goyal, Industry Moves, Mohit Gupta, Economic Times Zomato


The Station: Hertz files for bankruptcy, hailing “self-driving” scooters, Memorial Day travel

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. Memorial Day is this coming Monday, a holiday meant to honor military personnel who died while serving in the U.S. Armed Forces. Over the years, it has evolved for many Americans who use the three-day weekend to fire up the grill, go camping, head to the beach, local amusement park or take a road trip. I...
Tags: Amazon, Startups, Transportation, Europe, London, Berlin, India, Los Angeles, San Francisco, Atlanta, Tesla, Automotive, United States, Vw, Vehicles, Paris


JioMart, the e-commerce venture from India’s richest man, launches in additional cities

The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio Retail, JioMart just launched its new website and started accepting orders in dozens of metro, tier 1 and tier 2 cities including Delhi, Chennai, Kolkata, Bangalore, Pune...
Tags: Amazon, Facebook, Ecommerce, Asia, India, Narendra Modi, Tech, Walmart, Whatsapp, Atlantic, Ant Financial, Zomato, Mumbai, Flipkart, BigBasket, Reliance


JioMart, the e-commerce venture from India’s richest man, launches in 200 cities and towns

The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio Retail, JioMart just launched its new website and started accepting orders in dozens of metro, tier 1 and tier 2 cities including Delhi, Chennai, Kolkata, Bangalore, Pune...
Tags: Amazon, Facebook, Ecommerce, Asia, India, Narendra Modi, Tech, Walmart, Whatsapp, Atlantic, Ant Financial, Zomato, Mumbai, Flipkart, BigBasket, Reliance


JioMart, the e-commerce venture from India’s richest man, launches in 200 cities

The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio Retail, JioMart just launched its new website and started accepting orders in dozens of metro, tier 1 and tier 2 cities including Delhi, Chennai, Kolkata, Bangalore, Pune...
Tags: Amazon, Facebook, Ecommerce, Asia, India, Narendra Modi, Tech, Walmart, Whatsapp, Atlantic, Ant Financial, Zomato, Mumbai, Flipkart, BigBasket, Reliance


Amazon launches food delivery service in India to rival Zomato and Swiggy

After many speculations and rumors, Amazon has finally started its food delivery service called Amazon Food in India. Currently, the eCommerce giant has launched the service only in selected areas of the southern city of Bengaluru. Amazon originally planned to launch the service last year, but it was pushed to this year. [Read: TikTok now gives you one-tap access to streaming app Resso] In a statement, the company said that customers have been telling the company that they would like to order pr...
Tags: Amazon, Startups, India, Zomato, Amazon Food, Tiktok, Bengaluru Amazon