Page 12 - Food Delivery

Zomato's $1.3 bn IPO to test appetite for India's new tech generation

Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated

Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus

The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods

Irrational exuberance over Zomato

Zomato is essentially a "concept stock" because it has neither made profits, nor has issued any guidance on ever getting to profitability, notes Shyamal Majumdar

Zomato IPO subscribed 36% in early hours, investors across segments bid

The initial public offering of food delivery platform Zomato opened on Wednesday, with more than 36 per cent of shares offered being subscribed in the initial hours. The offer received bids for 26.10 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 1.91 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 24.76 crore shares were bid by 13.30 hours. Non-institutional investors put in bids for 7 per cent against their reserved portion. The portion set aside for employees was subscribed 6 per cent, while qualified institutional buyers have put in bids for 2.69 lakh equity shares against their reserved portion of 38.88 crore equity shares. Shares in the IPO, which is the biggest in India this year, are being offered in a price band of Rs 72-76 per share. Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opening. The

Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO

Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr

Food delivery giant Swiggy elevates Phani Kishan as co-founder

Swiggy was co-founded by Majety, Rahul Jaimini and Nandan Reddy in 2014.

CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy

Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn

High valuation of $8 billion makes Zomato's offer less appetising

Competitive intensity, customer acquisition costs likely to delay profitability

Zomato's mega IPO gets Sebi nod, may hit market as early as this month

The company, backed by Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO

Restaurants serve change: Fine-dining chains switch to delivery in Covid-19

Speciality Restaurants, Barbeque Nation, Indigo among companies 'adjusting to market realities'.

Premium restaurants get hooked to the sweet taste of food delivery

Premium restaurants see gourmet meals on wheels as a long-term business

Swiggy expands Covid-19 related benefits for 150,000 delivery partners

Paid time off, insurance and hospitalisation cover, support of Rs 14,000 for two weeks under "Swiggy Suraksha" package; doorstep delivery of home-style meals in some cities

Sick of dal-roti? Opt for delivery options that bring the restaurant home

You can get anything from pizzas to parathas in a box, with cloud kitchens, delivery apps and even home chefs delivering on the promise of hygiene, safety and health

Today, what really is essential?

We've cheered "Essential Workers", as the light has been shone on the people in the shadows, who actually make the world go round

Zomato IPO will test Indian investors' unicorn appetite: Analyst's note

Company faces competition in a food services market that is yet to reach global scale.

India vs US listing: Zomato may be test case for start-ups waiting in wings

The IPO will be a litmus test on whether domestic investors have the patience and maturity to deal with loss-making tech companies

Zomato rolls out Covid-19 priority feature for food delivery on its app

This feature will allow our customers to mark 'This order is related to a Covid-19 emergency' option during checkout

Food delivery firm Deliveroo's orders more than doubled in first quarter

This is its first trading update since its highly-anticipated listing in London last month flopped

UK-based Deliveroo's riders to strike over pay, gig work conditions

Gig economy riders for the app-based meal delivery platform Deliveroo are set to join strikes in five UK cities Wednesday over pay and working conditions