Zomato has decided to discontinue its Intercity Legends service, which allowed customers in metro cities to order iconic dishes from renowned eateries in smaller towns. The decision comes after two years of significant operational and financial difficulties, as the company struggled to make the service sustainable. Launched in 2022, Intercity Legends was designed to bridge...
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Swiggy valued at $11.5 billion as IPO nears, driven by strong growth and quick commerce expansion
Swiggy, the leading food delivery platform and Zomato’s main competitor, has been valued at $11.5 billion as of June 2024, according to 360 One WAM, formerly IIFL Wealth Management. This valuation comes as Swiggy continues to solidify its presence in the fast-evolving food delivery and quick commerce industries while preparing for its highly anticipated initial...
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Building strategic partnerships: A new approach to fundraising
Building strategic partnerships: A new approach to fundraising Josh emphasizes a fresh perspective on fundraising by likening it to team-building, rather than just a financial transaction. He suggests viewing the process as an opportunity to assemble distinct teams: employees, investors, and board members. This approach shifts the focus from simply raising capital to building a...