FoodTech
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Curefoods Acquires Yumlane Pizza, Expands Portfolio!
Curefoods, a cloud kitchen startup, has completed the acquisition of Yumlane, a foodtech startup, for an undisclosed sum. With this strategic acquisition, Yumlane will...
SoftBank to divest 1.1% Zomato stake for INR 1,023 Crore
SoftBank, the Japanese tech investor, has set its sights on divesting a 1.1% stake in the Indian foodtech giant Zomato. As reported by CNBC-TV18,...
Swiggy’s valuation skyrockets 42% to $7.85B following Invesco’s review
After two rounds of evaluation, Invesco, an investment firm headquartered in Atlanta, significantly increased the valuation of the Indian foodtech startup Swiggy by over...
Zomato partners with IRCTC to launch meal reservation for railway travelers
Zomato, a major player in the foodtech industry, has recently inked an agreement with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide...
Foodtech giant Zomato diversifies into logistics with new Xtreme app
In an effort to expand its business diversification, Zomato, a prominent player in the foodtech industry, has entered the logistics sector by introducing a...
Actor Nayanthara and director Vignesh Shivan invest in superfoods brand, The Divine Foods
The Divine Foods, a direct-to-consumer (D2C) foodtech startup headquartered in Chennai, has secured an undisclosed investment from acclaimed actor Nayanthara and her spouse, director...
Zomato shares reach fresh 52-week high of INR 105.9 with a 4.3% intraday surge
Zomato's stock surged by as much as 4.3% during intraday trading on the BSE on Tuesday, October 3rd, reaching a fresh 52-week high of...
Zomato to liquidate Czech subsidiary Lunchtime as part of global downsizing strategy
Zomato, the prominent foodtech company, has announced its intention to dissolve its subsidiary, Lunchtime, which operates in the Czech Republic, as stated in an...
Food tech firm ENOUGH raises €40M to accelerate growth in plant-based protein industry
ENOUGH, a food technology firm in collaboration with Unilever (ULVR.L) and Marks & Spencer (MKS.L), has successfully secured 40 million euros ($43.5 million) in...
Zomato turns profitable in Q1 FY24, reports INR 2 Cr consolidated PAT
Zomato, the leading Foodtech company, announced on Thursday (August 3) that it achieved profitability in the first quarter of the financial year 2023-24 (FY24)....
Swiggy and HDFC Bank unveil co-branded credit card with Mastercard network; launch within 7-10 days
Swiggy, the leading Foodtech company, has introduced a co-branded credit card in collaboration with HDFC Bank, aiming to attract more customers and gain a...
Swiggy rolls out second tranche of ESOP liquidity programme worth $50 million
In a blog post on Monday, July 24th, the foodtech giant Swiggy announced the launch of the second tranche of its committed Employee Stock...