Page 64 - Zomato

Zomato to invest Rs 56 crore to set up 20 warehouses by 2020

With setting up of 20 more warehouses across 18 cities, the company is targeting a combined capacity of 90,000 MT and 700,000 sq ft, Hyperpure founder Dhruv Sawhney said

Zomato revenue triples to $206 million in FY19; losses at $294 million

Delivery revenue for the year rose four times to $155 million from $38 million and dining out revenue rose 63 per cent to $49 million

Zomato's growth prospects likely to boost Info Edge valuations

India's lower penetration in food delivery is a major trigger for Zomato

Zomato expands food delivery business to 213 cities across India

Zomato is also trying to create value for everyone in the ecosystem

Zomato unveils tamper-proof packaging to ensure food safety and hygiene

It will be introduced across all 180 cities where Zomato's online ordering and food delivery services are present

Zomato sells UAE business to Delivery Hero Group for $172 million

Delivery Hero will participate in Zomato's latest funding round by investing $50 million in Zomato's global business

Before fundraising, Zomato looks to bolster its senior management

The elevation of Gaurav Gupta as co-founder comes at a crucial time as Zomato is on the brink of raising fresh funds from various investors

Zomato removes over 5,000 restaurants in Feb for failing hygiene standards

Zomato, along with the Food Safety and Standards Authority of India (FSSAI), is conducting audit of all restaurants listed on the platform

Zomato raises Rs 284 cr from Uber, Airbnb investor Glade Brook Capital

The funding would help Zomato compete with rivals such as Swiggy, Uber Eats and Ola-owned Foodpanda, which are also betting big on the online food ordering and delivery market in the country

The Zomato boomerang: To spit or to swallow - that is the question

Somehow, after the initial revulsion, social media started supporting the Zomato delivery boy who was seen in a viral video pilfering a delivery packet and partaking of some of the food

With eye on aerial deliveries, Zomato acqui-hires drone startup TechEagle

Founded by Indian Institute of Technology- Kanpur alumni Vikram Singh, TechEagle Innovations is a drone start-up based out of Lucknow

Durga Raghunath returns to Zomato as Senior V-P, quits Express Digital

This will be the second stint of Raghunath with Zomato

Zomato raises $210 mn from Alibaba's payment affiliate Alipay Singapore

Zomato has signed a definitive agreement to undertake a primary fund raise of approximately $210 million from Alipay Singapore Holding Pte Ltd and/or any of its affiliates

Zomato to launch own digital wallet, aims to boost predictability of orders

Talks on Zomato building its own digital wallet began early this year when Alibaba's Ant Financial invested in the food tech company

Zomato acquires food-at-work startup TongueStun for undisclosed amount

Zomato said that TongueStun was the largest of its kind player in the food-at-work space and that the company would continue to run independently

Zomato cracks whip on restaurants without FSSAI licence, delists several

Those with high Zomato ratings or high repeat order volumes have been given until month-end to furnish their licences

Zomato expands footprints, launches operations in 7 more tier II cities

With this move, Zomato further plans to launch in multiple new cities every month

As Zomato turns 10, it wants to be a 'farm-to-mouth' food company

Says it will source raw ingredients from farmers and deliver to restaurants

Zomato hires former MakeMyTrip COO as CEO of food delivery biz

An IIM-Calcutta alumnus, Mohit Gupta worked at PepsiCo International for eight years before joining MakeMyTrip in 2008

Zomato to serve 25 more cities in India with business expansion

Zomato launched its online ordering and food delivery services in May 2015