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Tag: FoodTech

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...

Swiggy acquires LYNK Logistics to tap into lucrative food and grocery retail market

Swiggy, a leading foodtech company valued at over $10 billion, has made a significant move into the food and grocery retail sector by acquiring...

Zomato temporarily halts registration of new users for Zomato UPI, plans to resume soon

According to reports, Zomato, the foodtech startup, has temporarily halted the registration of new users for its UPI payments platform, Zomato UPI. As per sources...

Foodtech giant Swiggy witnesses significant jump in losses, reaching $545 Million in 2022

Swiggy, a prominent player in the food and grocery delivery industry, witnessed a significant jump in its loss according to the annual report of...

Swiggy takes a valuation hit as another investor trims stake, foodtech giant downgraded by 34% to $7.3 Billion

The trend of valuation reductions persists for Swiggy, a prominent player in the foodtech industry, as the company finds itself facing its third devaluation...

Superfoods Valley secures $1M in seed funding to tackle hidden hunger with its nutrition mix brand Good Monk

Superfoods Valley, a start-up based in Bangalore that specializes in nutrition and food-tech, announced that it has successfully raised $1 million in funding for...

Thrive’s SaaS model disrupts food delivery with 3% commission, draws strategic investors and restaurant owners

Thrive, a foodtech platform, is disrupting the food delivery market by charging restaurants a commission of only 3%, which is significantly lower than the...

Actress Nora Fatehi follows Varun Dhawan; Invests an undisclosed amount in Curefoods

Bollywood actress Nora Fatehi has invested an undisclosed amount in cloud kitchen startup Curefoods and became the brand ambassador of Curefoods CakeZone. With the brand’s...

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