food delivery india
Zomato launches $1Bn QIP to fund Blinkit expansion
Food delivery aggregator Zomato has finally initiated its Qualified Institutional Placement (QIP) issue, with the goal of raising ₹8,500 crore (~$1Bn). The issue opened on Monday, November 25,…
Swiggy files for $1.25Bn India IPO, looks to raise nearly $450Mn in fresh issue
Swiggy, as per its latest updated DRHP submitted to SEBI, is going for a massive ₹10,250 crore (~$1.25B), making it one of the biggest in the country. The…
Swiggy plans to raise ₹5,000 crore in upcoming IPO, up from the previous ₹3,750 crore target: Report
Swiggy is planning to seek shareholder approval for a substantial increase in the fresh issue component of its forthcoming IPO, reports MoneyControl. The company is aiming to raise…
Ola restructures Foodpanda business, focus shifts to enhancing in-house culinary brands
Struggles of sustaining in an already crowded food delivery business, coupled up with Ola’s own ambitious EV and international expansion plans have finally led to the company restructuring…
Zomato plans to acquire Runnr, kickstart in-house delivery operations
According to Info Edge, Zomato’s largest investor, the online food and delivery platform intends to start deliveries on its own for a few, selected restaurants. This development comes…
