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FOODTECH PROFITABILITY
Zappfresh in talks for majority stake in GM FoodsZappfresh is in discussions to acquire a majority stake in GM Foods. This move aims to expand Zappfresh's product offerings. The company is...- Food-tech platform Pluckk appoints Chayan Mukhopadhyay as COO to drive expansionPluckk has appointed Chayan Mukhopadhyay as its new COO to steer operations and fuel growth in India and abroad. With over 15 years’ experi...
- Swasth Foodtech India IPO opens on Thursday. Co sets issue price at Rs 94 per shareSwasth Foodtech IPO: Swasth Foodtech India’s ₹14.92 crore IPO opens on February 20, priced at ₹94 per share. The rice bran oil processor pl...
- Zomato CEO delivers friendship bands, food on friendship day, calls it 'best Sunday ever'Zomato CEO Deepinder Goyal, calling it "best Sunday ever", rode his Royal Enfield bike to personally hand out friendship bands and food to ...
- Zomato surges 12% after dream debut, surpasses TechM in m-capThe online food aggregator commanded a market capitalisation (m-cap) of Rs 1,10,499 crore, which exceeded the Rs 1,08,340 crore market valu...
- Biggest gainers & losers of the day: Debutant Zomato gains 66%, Voda Idea bleeds 10%The latest D-Street debutant soared 66 per cent to Rs 125.85 on the first day over its issue price of Rs 76. The food-tech startup, which w...
- Foodtech ambition to drive future growth of Jubilant FoodWorksJubilant’s management believes that QSR demand in the country will increase rapidly given the possibility of closure of 30-35% of conventio...
- How cloud kitchens are helping Faasos survive the foodtech bloodbathCloud kitchen, a term used for kitchens situated in remote areas — with food delivered via orders placed on an app — has turned out to be a...
- How cloud kitchens are helping Faasos survive the foodtech bloodbathCloud kitchen, a term used for kitchens situated in remote areas — with food delivered via orders placed on an app — has turned out to be a...
- Amidst shutdowns and scaling down, foodtech industry grew at a staggering 150% in 2016With more than 80% of orders coming in from Top 5 cities (out of 20 plus cities where online food delivery is active), the established play...
- 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
- Investments in fintech firms at an all time high; Rs 1,245 crore pumped in so far in 2016While size of the target market and scaling up potential are the usual questions asked by investors, unit economics and operating profits a...
- Zomato losses up 262% to Rs 492.3 crore in FY16; revenue doubles to Rs 185 croreIn February, Zomato had claimed to have achieved operational break even in 6 countries including India, UAE, Philippines, Indonesia.
- 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...
- Unit economics challenging for food-tech startups: SpoonJoy's Manish JethaniSix months after online grocery delivery player Grofers acqui-hired food-tech startup SpoonJoy, the former CEO talks about challenges in th...
- 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...
- Food tech startups focus on execution as investors tighten purse-stringsIn food-tech, technology is as much about creating efficiencies in the supply chain as it is about making ordering and order management eas...
- 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.
- Ronnie Screwvala backs food-tech startup YumistOverall, it's been tough going for the so-called food-tech ventures, which have together attracted nearly $194 million in funding so far th...
- Fund Squeeze in Internet companies may trigger wave of mergers and acquisitionsExperts say this is a fallout of back-to-back capital infusions, overheated valuations and a thrust on growth over profitability.
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