Foodtech Archives - TechStory

Foodtech startup Rebel Foods commits $150 million for brand investments and acquisition

BalrajDecember 15, 2021

Rebel Foods, which operates a network of cloud kitchens and digital brands, announced on Tuesday that it will invest $150 million (~Rs 1,138 crore) towards stra...

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Swiggy to invest $700 million in Instamart, aims $1 billion GMV in next 3 quarters

BalrajDecember 4, 2021

Swiggy, a food-tech startup, will invest $700 million in its quick grocery delivery service Instamart, as it expands its dark store network to make deliveries w...

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BOX8 bags $40 million from Tiger Global, rebrands to EatClub Brands

BalrajDecember 2, 2021

BOX8, a cloud kitchen startup, has secured $40 million in a Series D round of funding backed by Tiger Global Management. Along with the fresh capital, the compa...

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Licious joins unicorn club after $52 million funding

BalrajOctober 5, 2021

Licious, an online meat delivery startup, announced on Tuesday that it has raised $52 million (~ Rs 387 crore) in a Series G funding round backed by IFL AMC’s L...

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Swiggy aiming for $10 billion valuation in fresh funding round

BalrajSeptember 28, 2021

Swiggy, an online food-tech platform, is in discussions with existing and new investors to fundraise up to $800 million for a valuation of almost $10 billion, a...

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CEO Deepinder Goyal says Zomato and Swiggy are best food delivery apps in the world
Goyal also referenced other Indian startups such as Flipkart, Amazon, Ola, Uber, and Paytm

BalrajJuly 24, 2021

Zomato co-founder and CEO Deepinder Goyal published a letter where he wrote to shareholders in a blog post prior to the company's much-anticipated stock market ...

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CCI give clearance to SoftBank’s investment in Swiggy

BalrajJuly 13, 2021

SoftBank's investment in food tech platform Swiggy has received final clearance from India's Competition Commission. SoftBank filed a request with the competiti...

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The Failure of Yumist

Shruti JaniDecember 17, 2018

Credits: Inc42 Founded by ex-CMO of Zomato, Alok Jain, Yumist was supposed to be a service that would help clear the clutter in the food delivery space. Jai...

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Sodexo and Zone Startups have Joined Hands to Launch India’s First-ever Enterprise Foodtech Program

Chandramita BoraDecember 14, 2018

Sodexo, the world leader of Life Services, announced on 11th December 2018, a strategic initiative to work with Indian Startups and closely connect with th...

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Zomato vs Yelp – Who’s Winning the Battle

Chandramita BoraNovember 20, 2018

Zomato created ripples throughout the world by acquiring US-based Urbanspoon in 2015 and that too, in a $52 million all-cash deal. Many predicted that with...

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