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Foodtech resembled a startup graveyard in 2016For the most part, the rise and fall of these business models can be attributed to the hype cycle entrepreneurs and investors fell prey to- 10 startups that shut down in 2016Sudden shutting down of some startups like Dazo came as a surprise to many while others like PepperTap went out of business due to pressure...
- Food-delivery company Runnr hires for top deck as TinyOwl founders exitIt has strengthened its top management with hires from companies including Facebook and Uber, as it looks to fight larger players in a high...
- Consolidation, not expansion is the key for SwiggyThe foodtech startup raised $2 million early this year and there have been talks of another bigger $12 million round of fresh funding from ...
- HSBC arm slashes Zomato's $1 billion valuation by halfThis is possibly the first instance of such a markdown being done by an India-based equity research team for a privately held internet comp...
- Food delivery startup Spoonfed to expand global market for better marginsThe move comes at a time when food-tech startups are facing operational challenges in tapping the online delivery market, which Morgan Stan...
- Thanks to food startups, it's an e-spread for small hotelsFood delivery startups are helping small and mid-sized restaurants expand their business online, reduce their marketing budgets and focus o...
- FreshMenu raises Rs 110 crore in new round of fundingThe deal values the startup at around Rs 300 crore ($45 million) according to two people with knowledge of the development.
- Jubilant FoodWorks plans to hire 5,000 employees in FY16, invest Rs 200 croreThe company, which is already a 30,000-people strong organisation, is looking to invest about Rs 200 crore for its expansion plans.
- Grocery retailer SatvaCart raises seed funding of Rs 12 croreThe funding in SatvaCart comes at a time when hyper-local delivery companies are facing severe cost pressures, forcing some startups like D...
- TinyOwl to lay off more than 100 employees in its second round of job cutsTinyOwl will lay off more than 100 employees — its second round of staff cuts in two months — as it scales back operations in four cities, ...
- Grofers to buy delivery startup hyperlocal delivery player TownrushGrofers is making these acquisitions primarily for the teams with no significant cash or equity being exchanged, an executive from the co s...
- Expected layoffs at Zomato latest sign of turbulence in food-technology industryThe expected layoffs at online restaurant-discovery platform Zomato are only the latest sign of turbulence in the food-technology industry.
- Food delivery startups like Dazo feel the heat, some shutdown operationsSpoonJoy, Bengaluru-based online food service venture that raised $1 mn in May, shut down its Delhi operations last week and has started sc...
- How startups like Sparse Labs, Third Rock India are providing ancillary services to food tech firmsSparse Labs, for instance, has developed a hardware-cum-software solution for food tech companies to track deliveries and minimise delays.
- Could this be the reason why etailers want to go app-only?For one, it gives the impression that companies are taking consumers for granted by closing access to an important channel.
- Here is how the startups find and hire the right talentPassion ahead of precision, rigour ahead of redundancy, creativity, commitment, accountability and an entrepreneurial spirit are some of th...
- Investors park funds worth 1,060 crore in food startups like Chaayos, DazoThis investment is reflective of growing confidence of investors in the space covering varied segments such as fresh food brands, packaged ...
- Box 8: Company that packages daily food in easy-to-consume formatBox8, which raised Rs 21 crore from Mayfield Fund earlier in May, plans to launch services in other metro cities, and expects its order val...
- Corporate bigwigs like Amazon's Amit Agarwal, Google's Rajan Anandan invest in DazoDazo, earlier known as Tapcibo, aggregates meals from different partners but does delivery on its own to ensure a seamless process.
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