Swiggy

India is currently home to 26 unicorns with maximum attaining the unicorn tag in 2018

OYO and Ola emerged as the unicorn stars, expanding to foreign shores aggressively

BYJU’S threw a parting surprise by becoming the fourth most-valued unicorn in India

Two minute long video surfaced on Monday

This is Zomato’s second public controversy since September

Case is “unusual and rare,” says company

The new office will be led by newly appointed India Country Head Sumer Juneja

SoftBank aims to strengthen its position in India’s growing technology ecosystem

The opening of new office will allow the global companies from SoftBank’s portfolio to expand its operations in India

The latest round of funding, which is expected to go up to $900 Mn go, may push Swiggy’s valuation to between $2.5Bn - $3 Bn

Swiggy’s upcoming funding round may include about $300 Mn worth of secondary share sales by some of its early investors

Swiggy’s earliest investors, RB Investments and Harmony Partners, will exit completely, entirely selling their cumulative 3% stake

Service income from Swiggy constituted 72% and delivery comprised 18% of the total income

Bundle Technologies posted employee benefit expenses of $25.99 Mn

Advertising and promotional expenses constituted 55.89% of the company’s other expenses

With this deal, shares held by existing investor Info Edge will reduce from 30.91% to 27.68%

This development comes after Zomato had raised $200 Mn from Alipay in February

The stake held by Ant Financial at present may increase or be on par with Info Edge after the deal

FSSAI had began reviewing the online food delivery platform from October 1st week

Nearly 10 major foodtech players have removed restaurants without FSSAI license from their platform

FSSAI is conducting an audit on online food delivery players in line of series of complaints

Baseline Ventures is the sports marketing company representing cricketer Prithvi Shaw

The notices seek compensation of $135K (INR 1 Cr) each from Swiggy and FreeCharge for “encashing the name and fame” of Shaw without his authorisation

Swiggy says that the notice is based on "wrong facts and there is no case of infringement here"

FreshMenu is looking at a valuation of $250 Mn with the upcoming funding round

The funds will be used for setting up more kitchens in the existing cities

It is also looking forward to expand in other cities such as Pune and Hyderabad

The number of new users on the platform has also increased from 197K in January to 2.4 Mn

Currently, there are 54K restaurants registered with Zomato

The company increased its delivery fleet to 74K

The pilot service is being tested at two corporate parks in Bengaluru

Swiggy Café enables corporate employees to use the Swiggy app to order lunch from select cafeterias in corporate hubs

The service, which is not being monetised yet, handles a few hundred orders every day

The programme will offer privileges such as early access to sales, priority customer support, and more

Myntra predicts that 10 Mn users will use the service over the coming year

The programme will also reward its members for browsing categories, sharing feedback etc