#IndianStartupData : Foodpanda Records Revenue Of INR 4.7 Cr, INR 36 Cr Loss In FY 14-15
Ashish Sinha
The major expense for the company was ‘TV and Radio Advertisement’ expense, which stood at INR 18 crores (44% of the total expenses).
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FoodTech
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Foodtech Startup, Eatlo Has Shutdown [?]
The startup was founded in 2014 by Sai Priya Mahajan and Rahul Harishanka. Eatlo’s team comprised of 100 people, of which 60 were delivery boys and others included from operations, marketing and tech departments. The foodtech company had raised a second round of angel funding in June.
Eatfresh Secures Funding From Kalaari Capital, Plans To Expand Delivery Network In Bangalore & Chennai
Eatfresh is a part of Ubiquitous Foods, which operates the bakery retail chain Ovenfresh in 50 locations serving 10K customers every day. With a menu that changes daily, prepared by 5-star Chefs, Eatfresh offers its customers a choice of Indian, European, Mediterranean & Oriental cuisines.
What Consumers Expect From A Food Delivery App?
Zomato is cutting 300 jobs. Dazo has shut down. Tinyowl is laying off employees. Spoonjoy is scaling back operations. It doesn’t seem like a good time for food delivery apps (I am…
Ola Launches On Demand Grocery Delivery App ‘Ola Store’
The service is available from 8am to 11 pm daily and the store has over 12,000 products listed across 13 categories. Ola Store is currently being tested in the city of Bangalore and is available only on Android devices. Free delivery can be availed on purchases above Rs 250, or else the delivery charge is Rs 30. Users can opt for instant 90-min delivery of pick between 1-hour slots.
Mobikon Raises $2.3mn From Jungle Ventures For SE Asia Expansion
Mobikon has in the last 18 months, expanded out of India and is currently present in five countries, with international business contributing to 45% of the business. The company is targeting 200% growth this year.
Big Basket Launches HappyChef, Ready to Cook Meals !
Big Basket has launched Happy Chef. Big Basket will now deliver you gourmet recipes and ingredients with cooking instructions. This competes directly with InnerChef, a startup GSF’s Rajesh Sawhney.
Farmily: Channelizing Food Production And Distribution
Farmily enables the global agricultural ecosystem to produce food to demand and minimize food waste by cultivating connections
Holachef Raises Rs 20 Crores In Series A Funding Led By Kalaari
Currently, Holachef is serving over ?1000 orders in a day across locations in Central and Western suburbs of Mumbai. It receives over 65% of orders through the mobile app on Android, iOS and rest from the desktop website.
Swiggy Raises $16.5mn In Series B Led by Norwest
The total food delivery market in India is estimated to be USD6 billion and continues to expand at a rapid clip. Swiggy’s delivery infrastructure solves a major need in the market by enabling restaurants to concentrate on their core business and scale up their delivery revenues.