The company also recently launched Bistro, a 10-minute food delivery platform competing with Swiggy’s Snacc and Zepto Cafe.
As per the sources, the PE player has 60 days to make a legally binding bid for Theobroma Foods and 30 days to settle the conditions with Bloombay…
Tilaknagar Industries also retains an option to invest further or acquire more shares in Bartisans based on a pre-determined valuation model, should…
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.
The company in a filing to the BSE said that its board has approved raising \"USD 45 million (about Rs 301.5 crore)\" through preferential issue of equity-linked securities to Black River Food 2 Pte Ltd.
The funds will be used mainly for expansion of its internet-first restaurant brand Eatfresh, which was launched this August.
The Gurgaon-based online marketplace for chefs will utilize the fresh round of capital for deeper expansion in Delhi and launch of new product categories.
Swiggy sought to be valued at about $100 million ahead of its latest fundraising, said an investor familiar with the deal.
The promoters of the company, which is a part of the Bapuna Group, are said to be seeking a valuation of Rs 2,000 crore and appointed investment bank Moelis and Company as advisor.
Recently, Delight Foods started servicing the NCR region and will now launch in Mumbai, Hyderabad and Chennai over the next couple of weeks.
The start-up aims to utilise the new funding for technology up-gradation as well as to add more restaurants and locations. Earlier, it had raised seed funding from the promoters of the company.
According to Twigly founders, the company from the day one is making profits on every transaction and is focused on maintaining a healthy bottom line.
The group is also planning to set-up another delivery centre in Delhi targeting at an increase in the number of orders it gets daily.
The company is planning to raise Rs 1,150 crore through its maiden offering, making this the largest IPO in nearly three years. The IPO will open on Wednesday and close on Friday.
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