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Zomato denies merger reports with rival Swiggy; Online streaming website Mubi launches in India

Zomato denies merger reports with rival Swiggy; Online streaming website Mubi launches in India
Photo Credit: VCCircle
20 Nov, 2019
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Online food delivery platforms Swiggy and Zomato are not looking at a merger deal. Online movie streaming service, Mubi, launches service in India. 

Zomato denies rumors of  merger with rival Swiggy

Bengaluru-based online food aggregator Swiggy and Gurugram-based Zomato have denied the rumors about the merger between the two, the Mint reports.

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Deepinder Goyal, founder and CEO, Zomato said that there has been no such deal with Swiggy.

The talks about the merger between Zomato and Swiggy surfaced as the US-based retail behemoth Amazon is entering the online food delivery segment, the report said.

GiveIndia receives a grant worth Rs 23.4 cr from  A.T.E. Chandra Foundation, Bill and Melinda Gates Foundation, others

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Bengaluru-based non-profit organisation GiveIndia has received a combined grant of Rs 23.4 crore from A.T.E. Chandra Foundation, Bill and Melinda Gates Foundation, Omidyar Network India and philanthropist Vikrant Bhargava, according to a report by DealStreetAsia. 

The NGO will use the funds to develop its platform, strengthen its team and scale up its donor base from 1.7 lakh now, the report said.

It also plans to partner with online consumer companies and brands, the report added.

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Founded in 1999 by Venkat Krishnan, GiveIndia is an online donation platform and aims to channel and provide resources to credible non-governmental organisations across India.

Online streaming website Mubi launches in India

London-based Mubi, an on-demand movie streaming and rental service, has launched its services in India, TechCrunch reports.

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Mubi will offer a three-month subscription for Indian users at Rs 199. After the three-month subscription, Mubi will charge around Rs 500/ month and Rs 4800/ year, the report said.

Founded by Efe Çakarel in 2007, Mubi is a distributor and subscription-based streaming over-the-top (OTT) service that offers online streaming of a hand-curated selection of films, including those produced in-house. It claims to have 9 million subscribers.