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Zomato Media Pvt. Ltd’s CEO Deepinder Goyal said on Monday that the company’s investors remained bullish despite a report by brokerage HSBC that claimed the restaurant search and food delivery start-up was overvalued. HSBC estimates Zomato is valued at $500 million, not $1 billion as many believe. HSBC disclosed its estimate of Zomato’s valuation in a […]

Being driven by a young demographic profile, increasing internet penetration and relative better economic performance, India’s e-Commerce revenue is expected to jump from $30 billion in 2016 to $120 billion in 2020, growing at an annual rate of 51%, the highest in the world, according to a joint ASSOCHAM-Forrester study paper. While in terms of […]

Angel investors who were wary of the fashion and lifestyle space in India are taking greater interest in such startups, going by the number of investments made. Six investments have been made in the space so far this year up from four in 2015 and one in 2014. The value of investments made in fashion […]

Gurgaon-based food-tech startup operating in the daily meals segment,Yumist, has stopped its services in Bangalore. Founded by former Zomato official, Alok Jain, along with restaurateur Abhimanyu Maheshwari in November 2014, Yumist, serves home-style meals prepared in their own kitchens. The startup took a step back and paused Bangalore operations for the time being where it was […]

The new foreign direct investment (FDI) regulations that prohibit online marketplaces from offering discounts may inadvertently help e-commerce firms Flipkart and Snapdeal, which are scrambling to conserve cash and cut costs, by slowing Amazon’s advance in India, albeit temporarily. While the three companies continue to fund discounts purportedly given by third-party sellers on their sites, […]