- After Ridlr, Ola Is Now Looking To Acquire Foodtech Startup FreshMenu Days after Ola announced the acquisition of Ridlr, the cab aggregator is now said to be in talks to acquire foodtech startup FreshMenu and another similar startup. In a report, Livemint quoted people familiar with the development as stating that no deal has been been finalised yet. However, a separate food entity under Ola might […]
- Ola Acquires Ridlr To Digitise Public Transportation Merging synergies for digitisation of public transportation in the country, cab-hailing major Ola has acquired Mumbai-based Ridlr. The financial terms of the deal have been left undisclosed for now. Both believe that combining Ridlr’s innovations in mass transit with Ola’s mobility products will enable true multi-modal mobility solutions for their users at scale. Inc42 had earlier […]
- Movers And Shakers Of The Week [26–31 March 2018] We bring to you the latest dope of movers and shakers in the Indian startup ecosystem. K Guru Gowrappan Leaves Alibaba K Guru Gowrappan, the Global Managing Director, Alibaba Group, has left the company. The company confirmed the development without indulging any further details. Gowrappan has over 15 years of experience in the Internet industry […]
- Amazon India Adds Six New Fulfilment Centres For Large Appliances And Furniture Soon after adding 15 fulfilment centres for Amazon Now, Amazon India has now added six new specialised fulfilment centres in Coimbatore, Pune, Lucknow, Gurugram, Mumbai and Bhopal and 25 additional delivery stations exclusively for the fulfilment of large appliances and furniture. Amazon India has also expanded its existing storage capacity in Bengaluru, Hyderabad, Kolkata, Ludhiana […]
- Foodpanda Announces Launch Of State-Of-The-Art Technology Centre In Bengaluru Food delivery platform, Foodpanda has announced the launch of its technology centre in Bengaluru. The state-of-the-art technology centre will be operational in next few weeks. In a media statement, the company claimed that the centre aims to strengthen the technology infrastructure, product capabilities and end user experience for the company. For the purpose, the company […]
- Movers And Shakers Of The Week [05–10 March 2018] We bring to you the latest dope of movers and shakers in the Indian startup ecosystem. This week, budget-friendly hotel accommodation provider OYO has welcomed two new board members: Mohit Anand Bhatnagar, Managing Director-Sequoia Capital and Min Zhang, the CEO of China Lodging Group. Reportedly, Ming has been appointed as the Founder’s nominee, while Bhatnagar […]
- Ola Parent To Pump $62.2 Mn In Newly Acquired Food Delivery Platform Foodpanda India Ola parent ANI Technologies is reportedly planning to invest $62.2 Mn (INR 400 Cr) in newly-acquired online food delivery platform Foodpanda India. The capital infusion, which will take place over the next 12 months, is geared towards bolstering Foodpanda India’s logistics and delivery capabilities. A portion of the financing will also go into further developing […]
- Morgan Stanley Marks Up Valuation Of Foodtech Unicorn Zomato To $2.5 Bn The research firm of Morgan Stanley has marked up the valuation of homegrown foodtech unicorn Zomato to $2.5 Bn. As per reports, the estimation of Zomato’s valuation was done by the global financial services firm while taking stock of the startup’s largest shareholder Info Edge, which runs job portal Naukri.com, real estate site 99acres and […]
- Ola Better Off Concentrating On Its Cab Business Than Buying Foodpanda: Mohandas Pai Cab aggregator Ola decided to indulge in some big Christmas shopping this year by going out and buying the food delivery startup, Foodpanda India, yesterday. Ola is planning to pump in another $200 Mn into the business as it once again sets foot in the food delivery space. But for Ola, which has already burnt […]
- Ola Acquires Foodpanda India From Delivery Hero To Re-enter Food Delivery Cab aggregator Ola is once again setting its foot into the food delivery space by acquiring Foodpanda India from Germany based Delivery Hero Group. Ola has also committed to invest $200 Mn in Foodpanda India. While the companies did not disclose the details of the deal size, sources have pegged the stock-based acquisition at under […]
- News Roundup: 11 Indian Startup News That You Don’t Want To Miss This Week [2-7 October] We bring you the weekly dose of important Indian startup news of the week. Amazon is now betting upon the recently launched range of Amazon Echo, its virtual assistant Alexa, and Amazon Prime. However, Flipkart has continued with its trust over its private label strategy and has brought in another one for large appliances – […]
- 9 Indian Startup News That You Don’t Want To Miss This Week [News Roundup] We bring you the weekly dose of important Indian startup news of the week. The biggest Indian startup news of the week was Flipkart announcing that it will be launching a ‘one stop’ mobile app. Flipkart is in preliminary talks to partner with other Indian startups in the food, cab, and travel aggregator space for […]