CCI orders to investigate Zomato, Swiggy over neutrality

The order comes months after the National Restaurant Association of India (NRAI) asked the Competition Commission of India (CCI) to investigate the companies for breaching platform neutrality by providing priority to the exclusive contractors. Key points to note – NRAI represents more than 5,00,000 restaurants across India. Other than complaints about platform neutrality, complaint by … Read more

Zomato to soon start 10 minute food delivery trials

New age companies are not hesitant in trying radical initiatives and Zomato after continuing to struggle in it’s core business has now announced one. The Founder, Deepinder Goyal announced on Twitter about them soon getting into trials of 10 minute food delivery. Key points to note – The initiative is named as Zomato Instant. New … Read more

Zomato invests into a Kitchen Equipment Start-up. Segment seems interesting.

Zomato has announced fresh investment into Mukunda Foods Private Limited (MFPL). Key points to note: MFPL, founded in 2012 is into the design & development of automated kitchen food equipment. It’s current product portfolio includes – deep fryers, rice/ noodle/ pasta maker, chinese food, dosa maker and grilling machine. It’s products are more technologically advanced, … Read more

Swiggy raises $700 mn in new funding round led by Invesco

Food delivery platform Swiggy on Monday announced that it raised $700 million in a new funding round led by Invesco. The funding round saw participation from new investors such as Baron Capital Group, Kotak, among others. Swiggy said existing investors like Alpha Wave Global, Qatar Investment Authority, Ark Impact, Prosus also participated in the round. Economic … Read more

Shareholder requests Sanjeev Bikhchandani to pare down stake in Zomato

Shareholders’ activism in Indian Companies is increasing. Shareholders are finding new ways to make themselves heard by the management. Now Venkat Subramanian, the MD of Infina Finance (an investment company jointly owned by Kotak Mahindra Bank and the Kotak family) has written an open letter to Sanjeev Bikhchandani, the Co-founder of Info Edge India (IEL). … Read more

India a tough market to operate: Zomato’s Deepinder Goyal

Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are already … Read more