Zomato
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Indian foodtech unicorn Zomato shuts down South African operations
SOUTH AFRICA – Indian food delivery startup Zomato has completed the processes of deregistering its South Africa subsidiary. According to a filing with the Bombay…
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Zomato to invest US$1B over the next 2 years to accelerate growth of Indian startups
INDIA – Indian multinational food delivery company, Zomato has announced plans to invest US$1 billion over the next two years to accelerate the growth of…
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Kroger partners Instacart to launch 30-minute delivery service as Zomato shutters grocery delivery service
US – American retail company Kroger is teaming up with Instacart on a new delivery service that can get grocery items to customers in as little as 30 minutes. Called Kroger Delivery, the…
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Zomato continues portfolio cleanup post-IPO, shuts down UK, Singapore businesses
INDIA – Indian multinational restaurant aggregator and food delivery company Zomato has closed two of its overseas subsidiaries – Zomato UK Limited (ZUK) in the…
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Zomato’s quarterly losses widen despite 22% jump in operational revenue
INDIA – Indian multination food delivery company Zomato has seen its net losses jump 168% from the previous quarter to Rs 360 crore (US$48m) despite the…