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Zomato
Zomato is an Indian restaurant aggregator and food delivery startup founded in 2008. Zomato provides information, menus and user reviews of restaurants, and it has food delivery options from partner restaurants in select cities.
Today In B2B: Zomato Collabs On Restaurant Financing; Clothing Suppliers Face Mounting Challenges
December 29, 2020
Today in B2B payments, Zomato partners for restaurant financing, while Bangladesh clothing suppliers struggle through canceled orders and late payments. Plus, Wolters Kluwer bolsters its PPP software, Sage collaborates on ...Today In Payments Around The World: Mytheresa’s Parent Files For IPO; Ant Considers Moving Financial Services To Holding Company
December 29, 2020
In today’s top payments news around the world, Mytheresa parent company MYT Netherlands Parent B.V. said it has filed a registration statement to go public, while Jack Ma’s Ant Group ...Report: Zomato Teams With InCred For Loans To Restaurants In India
December 28, 2020
In an effort to provide credit facilities to its eatery partners, India-based food delivery platform Zomato is said to have collaborated with FinTech firm InCred. The country’s flourishing food delivery ...Zomato, Swiggy Put On Notice By Google Over In-App Payments
September 30, 2020
Food delivery apps Zomato and Swiggy have been put on notice by the Google Play Store for implementing in-app payment features, a Business-Standard report states, which go against Google’s guidelines.
The ...India's Zomato Raises $102M, Ups Its Value To $3.4B
September 10, 2020
Zomato, India’s food ordering and delivery startup, has raised $102.5 million to power its growth.
MoneyControl.com reported that Tiger Global Corp, better known as “The Tiger Fund,” a New York-based equity investment ...Food Delivery Startup Zomato Of India Reels In $62.4M
September 3, 2020
India’s Zomato, a food ordering and delivery startup, has completed its planned fundraising deal with a division of the Singapore government’s Temasek Holdings.
Zomato has now raised $62.4 million from Temasek, ...Zomato To Raise Cash With Singapore Investment
August 24, 2020
Zomato, the food-ordering and delivery startup in India, is completing a fundraising deal with a division of the Singapore government’s Temasek Holdings.
LiveMint.com reported Zomato plans to sell about 15,200 shares ...Restaurant Closures In India Stymie Food Delivery Demand
August 20, 2020
Despite strong demand for food delivery in India due to dining restrictions wrought by COVID-19, transactions are below pre-pandemic levels because of a supply problem — many restaurants remain closed, ...How QSRs Are Fighting Digital Food Fraud
August 17, 2020
A growing number of quick-service restaurants (QSRs) are relying on third-party delivery services such as DoorDash, Grubhub and Postmates to quickly and conveniently deliver food to customers’ doorsteps.
These services have ...Zomato Sees COVID-19 Response Delivering Faster Profitability
July 10, 2020
Indian food-delivery company Zomato weathered a decrease in revenue after COVID-19 hit — but at the same time saw an increase in profitability, founder and CEO Deepinder Goyal said in ...Prepping For The Coming Grocery Delivery Wars
July 8, 2020
It’s got Netflix series written all over it: “Grocery Delivery Wars.”
Imagine drones racing through the skies, festooned with NASCAR-like logos, laden with boxes of comestibles as cohort drivers on the ...India's Investor Laws Blocks Food Delivery Startup Zomato From Chinese Investor Money
July 6, 2020
Zomato, the $3 billion Indian food startup, has been cut off from its biggest Chinese investor Ant Financial amid new Indian regulations, The Financial Times reports.
According to people with knowledge ...Singapore's Temasek Holdings To Invest $100M In Zomato
June 30, 2020
The Singapore government’s Temasek Holdings Ltd. is in talks to invest up to $100 million in Zomato, the Indian food delivery service firm, the India Times reported.
Founded in 2009, Zomato describes ...India Regulators Investigate Zomato-Uber Eats Deal
May 22, 2020
Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating the nation’s anti-competitive rules, sources ...Amazon Joins Competitive Food Delivery Market In India
May 21, 2020
Seattle-based Amazon is ramping up its operations in India’s growing market by launching Amazon Food, which will deliver prepared meals. The company already offers grocery delivery in many Indian cities.
Competitors include ...Swiggy, Zomato Add Alcohol To Delivery Menu In India
May 21, 2020
Indian food delivery startups Swiggy and Zomato will start delivering alcohol in some cities in an effort to meet the increased demand for booze during the lockdown. Ranchi, the capital ...Zomato Lays Off 500+ Employees
May 15, 2020
Zomato, one of India’s most popular food apps, is downsizing its workforce by 13 percent and cutting pay for its remaining employees due to the ripple effect of COVID-19.
Zomato did ...Aggregators Deliver In PYMNTS Provider Ranking
May 13, 2020
Since PYMNTS began publishing the Provider Ranking of delivery aggregators way back in February, everything has changed.
Yes, of course, there’s the COVID-19 pandemic. But from the perspective of PYMNTS Provider ...Latest PYMNTS Provider Ranking Finds Aggregators Trading Places
April 14, 2020
It’s a good thing that mobile order-ahead (MOA), order-to-eat (OTE) and the delivery network connecting it all were in place and scaling when a virus mutated.
In the time of COVID-19, ...Zomato Pays $206M For Uber Eats India, Filing Says
March 3, 2020
Uber said that it has sold its food delivery operation in India to Zomato, a local competitor, for $206 million, according to TechCrunch.
The ridesharing firm said in a regulatory filing ...Amazon To Enter India’s Food Delivery Space
February 28, 2020
In a move that could interrupt the duopoly of Zomato and Swiggy, competition in the food delivery space in India could intensify as Amazon India reportedly aims to enter the ...Swiggy Gets $113M In Funding Round
February 19, 2020
India’s largest food delivery company, Swiggy, has raised $113 million in a Series I funding round, according to a report by TechCrunch.
The funding round was led by Prosus Ventures, a ...Uber CEO Says Firm Leads In Race To Ridesharing Profitability
January 22, 2020
Uber CEO Dara Khosrowshahi said his company has the best chance of being profitable out of all of the ride-hailing competitors out there, according to a report by CNBC.
“We are ...Uber Sells India Uber Eats To Zomato For Cash, Stake In Business
January 21, 2020
Uber is selling its money-losing food delivery service in India to rival Zomato for a 9.99 percent business stake, according to reports on Tuesday (Jan. 21).
The rideshare giant also recently ...Zomato Notches $150M In Funding From Ant Financial
January 10, 2020
As part of a fresh raise from a current investor, India’s Zomato has notched $150 million in funding. The total valuation of the FoodTech unicorn stands at approximately $3 billion ...Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks
December 16, 2019
In today’s top news in payments, the U.S. Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa warns of an increase in ...Uber Negotiating With India Rival Zomato To Unload Eats Biz
December 16, 2019
Uber could invest $100-200 million in competitor Zomato as part of a deal to unload its food delivery arm Uber Eats, Economic Times (ET) reported on Monday (Dec. 16), citing ...Ant Financial To Invest $600M In Zomato
October 4, 2019
Zomato is in talks with Chinese payments giant Ant Financial to lead a $600 million funding round for the delivery company, according to a report by the Financial Times.
Ant has ...Indian Delivery Startup Dunzo Notches $45M
October 4, 2019
Dunzo, an Indian delivery service that differentiates itself with fast delivery times and a business model that delivers practically anything, has raised $45 million in a Series D funding round, ...Amazon India Lowers Commissions To Undercut Food Delivery Rivals
September 6, 2019
In a move that could spark strong competition in the food delivery space, Amazon India is said to be promising commissions that will be a fraction of what is charged ...Top News In Payments: Amadeus Teams With Visa’s CyberSource; CitiConnect Processes Over 157M API Calls
August 30, 2019
Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Also, Netflix turned 22 on Thursday (Aug. 29). And ...India Restaurants Resist Food Apps
August 30, 2019
Restaurants in India are fighting back against restaurant delivery apps like Zomato, Swiggy and Uber Eats, saying that the apps are too customer-centric, offering discounts which help buyers but hurt ...Zomato Faces Challenges With Gold Subscription
August 22, 2019
As restaurants lose interest in the company’s Gold Subscription program, food delivery startup Zomato is hitting roadblocks in India. The offering was meant to be a win-win for restaurant partners ...Amazon To Enter Food Delivery Business In India
July 29, 2019
With a move that could make an increasingly crowded market more competitive, Amazon is reportedly planning to roll out a food delivery service in India. The eCommerce retailer is said ...Zomato Tests Drone Delivery
June 12, 2019
To traverse routes that are densely populated, food delivery service Zomato is taking to the skies: The company says it has made a successful test of delivery by hybrid drone. ...Shakeout For India’s Food Delivery Arena?
February 22, 2019
In India, food delivery done via app is perhaps leading to a shakeout in a build vs. buy debate that near term may settle on “buy.”
First thing first, and that’s ...SwatchPAY! Comes To Switzerland; Paytm Teams With Zomato For Food Delivery
January 17, 2019
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the availability of SwatchPAY! in Switzerland. In addition, Paytm is working with Zomato on ...Zomato Breach Threatens 17 Million Users
May 19, 2017
Zomato, the restaurant app, disclosed Thursday (May 18) that around 17 million users’ information has been stolen in a data breach.
According to a report in CNN, the hackers took off ...UberEATS Launches In Mumbai With Plans To Reach Six More Cities In India
May 3, 2017
Uber has launched its UberEATS service in India, where it will initially be available in Mumbai before expanding into six additional cities before the end of the year.
According to TechCrunch, ...Zomato Expands Into Restaurant POS
April 4, 2016 The restaurant search app Zomato has found a new vertical for itself: point of sale. The Economic Times reports that the New Delhi-based startup is trying out a new, cloud-based point-of-sale ...