NewsHSBC Global Research values Indian food delivery giant Zomato at USD 5 billionThis is an estimate by HSBC and isn’t Zomato’s current valuation. 2 mins read
The total value of all known unicorns based in India is USD 73.2 billion, while the value of unicorns founded overseas by Indians sums up to USD 99.6 billion. NewsIndian entrepreneurs set up a total of 61 unicorns globally3 mins read
In May, the Naspers-backed company laid off 1,100 people and shut non-performing business arms. NewsFood delivery giant Swiggy axes 350 jobs in second round of lay off3 mins read
Seven out of the top 20 most-downloaded apps in India in 2020 are on the list. NewsIndia just banned 59 Chinese apps, including some of country’s most popular2 mins read
Zomato had announced it has raised USD 150 million in January from Ant Financial, Info Edge, Sequoia Capital, and Temasek Holdings. NewsZomato awaits investment from Ant Financial amidst regulatory uncertainty2 mins read
In October last year, India’s regulator had rejected the application of two dozens companies for drone testing. NewsDrone-led food delivery soon to be a reality in India: Swiggy and Zomato get regulator’s nod to start test flights3 mins read
Reliance also got into the online grocery market which is expected to reach USD 3.6 billion by 2024. NewsPaytm Mall looks to invest in Grofers to strengthen its grocery business2 mins read
Swiggy and Zomato let go of hundreds of workers in face of lockdown damage. InsightsIndian food delivery unicorns clubbed by own government3 mins read
Last week Zomato also announced cutting 13% of its total workforce. NewsSwiggy lays off 1,100 employees and shuts other businesses3 mins read
