Foodtech major Swiggy has started a liquidation program which will let employees exercise their employee stock ownership plan (ESOP). This is the second such liquidity event at the company and they are hoping to see participation from the family offices of leading industrial houses and a few individuals. Over 40% of their past and present employees with ESOP benefits will be eligible to exercise their stocks. Swiggy says some of them will be able to liquidate their ESOPs at as much as 3x premium of the allotted price.
A Chennai based school has issued circular to parents of it’s students to detest from ordering lunch for their kids through delivery apps. The school has a lot of concern…
The major expense for the company was ‘TV and Radio Advertisement’ expense, which stood at INR 18 crores (44% of the total expenses).
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 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.
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…
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 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 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 enables the global agricultural ecosystem to produce food to demand and minimize food waste by cultivating connections
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.
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.
Eat Treat started out as a Facebook group back in 2014, when co-founder Arjun Sawhney—a self-confessed foodie with an insatiable appetite—felt the need to start a dialogue that would educate and empower the online community by engaging them in discussions about food
The funds raised will be utilized to build technology, team expansion, deepen market penetration and build a seamless customer experience across its mobile and web platforms.
SpoonJoy is an Internet first restaurant, which is an exciting new format that has emerged globally. It is a highly scalable and capital efficient business.
foodpanda is active in over 580 cities around the world, operating in 12 of the largest 20 metropolises, and partnering with over 60,000 restaurants.