Zomato investment in india

By Samidha Sharma. With the introduction of. Category:Online food ordering Food portal.

Zomato Invests In Hyderabad Based FoodTech Startup TinMen

Mumbai: Alibaba Group Holding Ltdone of the biggest investors in Indian startups such as Paytm and Zomato, is temporarily halting fresh investments in the country as the Chinese e-commerce giant reviews its India ibdia, four people aware of the development said. Billionaire Jack Ma-led Alibaba has made wide-ranging investments in Indian startups. Its portfolio includes payments firm Paytm and its e-commerce arm Paytm Mall, food zomato investment in india startup Zomato, online grocer BigBasket, online retailer Snapdeal and logistics firm Xpressbees. Alibaba has, however, faced disappointments at some of its biggest bets in India such as Snapdeal and Paytm Mall, which have indua lagged behind the fast-growing e-commerce market dominated by Flipkart and Amazon. So, while they also have to work to get some exits, they would rather wait it out and not invest, rather than make risky investments,» said the second person, a senior investment banker who has worked on past deals with Alibaba. As a company policy, we do not comment on market speculation,» said an Alibaba spokesperson in an emailed response to queries. Mint reported on 6 May that Alibaba is likely to focus more on smaller early-stage deals in India.

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Post this investment, Zomato and TinMen will work together to expand its services, initially in Hyderabad, and then the rest of the country. In that spirit, we just made an investment into a startup called TinMen — an efficient and modest little company which provides easy access to home cooked meals at affordable prices, for thousands of people in Hyderabad. It provides office lunches with a scheduler built into their App available on both Android and iPhone. Users can create meal plans for a day, a week or a month. Customers can also pre-schedule their meals. The app also has a built-in wallet and chef reviews for the home-chefs. Currently, it has over 80 chefs on its platform.

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Mumbai: Alibaba Group Holding Ltdone of invesrment biggest investors in Indian startups such as Paytm and Zomato, is temporarily halting fresh investments in the country investmenr the Chinese e-commerce giant reviews its India strategy, four people aware of the development said.

Billionaire Jack Ma-led Alibaba has made wide-ranging investments in Indian startups. Its portfolio includes payments firm Paytm and its e-commerce arm Paytm Mall, food delivery startup Zomato, online grocer BigBasket, online retailer Snapdeal and logistics firm Xpressbees.

Alibaba has, indiz, faced disappointments at some of its biggest bets in India such as Snapdeal and Paytm Mall, which have far lagged behind the fast-growing e-commerce market dominated by Flipkart and Amazon. So, while they also have to work to get some exits, they would rather wait it out invsetment not invest, rather than make risky investments,» said the second person, a senior investment banker who has worked on past deals with Alibaba.

As a company policy, we do not comment on market speculation,» said an Alibaba spokesperson in an emailed response to queries. Mint reported on 6 May that Alibaba is likely to focus more on smaller early-stage deals in India. The invesmtent, as reported by The Economic Timesprohibits Zomato from entering any business segments that may hamper the interests of Paytm.

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Zomato और Swiggy कैसे कमाते है पैसा ? Amazing Business Plan & Case Study in Hindi

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