Food delivery biz helps Zomato triple revenue in FY19 as expenses surge

Vijayakumar Pitchiah

Food-technology unicorn Zomato tripled its total revenue for the just-concluded financial year even as its expenditure grew ....

5 April, 2019

Zomato may acquire task management app Dunzo: Report

Vijayakumar Pitchiah

Online restaurant discovery and food delivery platform Zomato is in advanced stages of discussions to acquire task management ....

28 March, 2019
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Paytm likely to get $1.5-2 bn in fresh capital; PharmEasy may merge with Ascent

Binu Paul

One97 Communications Ltd, the parent company of digital payments firm Paytm, is raising $1.5-2 billion from its existing investors ....

28 March, 2019

Zomato eyes $25 million in revenues from subscription programme

Payal Ganguly

Online restaurant discovery platform Zomato anticipates that its subscription programme, Zomato Gold, will fetch revenues of $20-25 ....

21 February, 2019

Startups bullish about fundraising but hiring still a pain point: TechCircle survey

Kavya Kothiyal

A record year for fundraising in the Indian startup ecosystem has made entrepreneurs bullish about their prospects of raising ....

19 February, 2019

Zomato’s valuation adviser projects profitability by 2021

Vijayakumar Pitchiah

Online restaurant discovery and food delivery company Zomato Media Pvt. Ltd can turn profitable for the year through March 2021, ....

7 February, 2019
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Zomato raises $40 mn as food-tech unicorn gets new investor

Vijayakumar Pitchiah

Zomato has brought a new investor on board as the food-tech unicorn builds a war chest to take on fast-growing rival Swiggy. Zomato ....

6 February, 2019

Zomato in advanced talks to sell UAE biz to Delivery Hero: Report

Binu Paul

Food-tech unicorn Zomato is in advanced stages of discussions to sell its UAE business to Germany-headquartered online food delivery ....

31 January, 2019

Zomato courts new investors as SoftBank switches focus to Swiggy

Kavya Kothiyal & Payal Ganguly

Food-tech unicorn Zomato is courting new investors in a bid to raise up to $1 billion in fresh funding even as Japanese investment ....

2 January, 2019

Zomato introduces self-pickup service to rein in costs

Payal Ganguly

Restaurant reservation and food ordering platform Zomato has introduced a self-pickup service in 13 cities, a move that seems ....

10 October, 2018
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Alipay gains voting-rights edge at Zomato

Payal Ganguly

The payments affiliate of Chinese e-commerce titan Alibaba Group Holding Ltd has tightened its grip on Zomato Media Pvt. Ltd after ....

11 September, 2018

China's Ctrip may invest $100 mn in Zomato

Kavya Kothiyal

Chinese travel services firm Ctrip may invest $100 million (Rs 724 crore at current exchange rates) in online restaurant discovery ....

10 September, 2018

How Zomato backer Ant Financial became the world's first 'super unicorn'

Reuters

Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion ....

18 April, 2018

Alibaba’s payment affiliate likely to raise funds at $100 bn valuation

Reuters

China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments ....

9 February, 2018

Alibaba buys stake in payment affiliate Ant Financial as revenue beats forecast

Reuters

Alibaba Group Holding Ltd, China’s biggest e-commerce company, said on Thursday third-quarter revenue rose 56 percent, beating ....

2 February, 2018

Paytm having another go at gaming, revives Gamepind with Alibaba-owned AGTech

Binu Paul

Digital payments firm Paytm is reviving game aggregation service Gamepind in a new avatar in partnership with Alibaba-owned AGTech ....

30 January, 2018

Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

Arti Singh

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in ....

2 March, 2017

Paytm to merge wallet business with payments bank

Arti Singh

One97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming ....

5 December, 2016

Alibaba Group's global MD Gowrappan joins Paytm board

Arti Singh

Alibaba Group's global managing director K Guru Gowrappan has joined Paytm's board as an additional director. This marks the third ....

27 October, 2016

Alibaba may pick majority stake in Paytm's e-commerce biz

Binu Paul & Arti Singh

Chinese e-commerce company Alibaba Group Holding is likely to pick a majority stake in the e-commerce business of One97 Communications ....

25 August, 2016

Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

Binu Paul

Chinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential ....

14 June, 2016