Investment

The firm is making the investment to pick up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants.

The Minister stated that in recent years India and the US have strengthened their relations.

Ctrip is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.

South African media giant Naspers is planning to invest $12-15 million in HungerBox.

West Bengal is the third largest market for the company in the country

Eat.fit currently operates across 15 kitchens in 2 cities and has served over 1.5 million users to date.

The round has also seen participation from existing investors, including Accel Partners and Zephyr Peacock.

Fireside Ventures led the round with participation from Mohandas Pai’s 3One4 Capital, Madhu Kela and GITS Foods.

When it comes to market sales, India is about to overtake China as Amphora’s biggest market outside the UK.

This move will help the company to retain a presence in the Indian market.

Standards for alcoholic beverages will come into force from April 1, 2019 to coincide with financial year requirements of excise laws.

With the new round of funding, Swiggy also see entry of new investors like China’s Tencent and hedge funds Hillhouse Capital and Wellington…

In January, it announced a pre-Series-A investment by Unilever Ventures, Blume Ventures and Lenovo Capital.

The funds raised will be used by the company to expand into new geographies and build the network in Bengaluru.

The other three contenders to put their hat in the ring are Peepul Capital, Sadananda Maiya and Akashika Foods, a consortium of Maiyas' vendors.