Connect with us

Latest News

Swiggy To Merge With Zomato?

Published

on

Swiggy To Merge With Zomato,Startup Stories,Inspirational Stories 2017,Latest Business News 2017,Merge of Swiggy and Zomato,Swiggy and Zomato Latest News,Zomato CEO Deepinder Goyal,Swiggy CEO Sriharsha Majety,Potential Merger Between Zomato and Swiggy,Food Tech Startups Zomato and Swiggy,2017 Food Tech Business in India

Food delivery platform, Swiggy, is reportedly in talks for a stock based merger with restaurant discovery and food delivery rival Zomato. According to sources, the management of the two companies met recently to discuss a potential merger. However, the talks failed to progress any further due to differences in business alignment and expected valuations.

A news daily reported, Zomato offered a 1:4 share swap ratio to Swiggy. But, Swiggy is looking for a $ 500 million valuation. The food delivery platform recently raised close to $ 80 million in a Series E funding round from Naspers. Post this investment, Swiggy’s valuation increased to $ 400 million. On the other hand, Zomato wants to strike the deal valuing itself at more than $1 billion. The restaurant discovery platform is also currently in talks with Alibaba’s investment arm Ant Financial to close a $ 200 million investment. The company was valued at $ 1.4 billion by the equity research firm Nomura Financial Advisory and Securities (India) Pvt., Ltd.

After the failed merger talks between Flipkart and Snapdeal, Zomato and Swiggy’s merger will be among the most significant moves made towards consolidating a lucrative sector. While Zomato could have continued with its search and restaurant discovery business while continuing as a shareholder in Swiggy, the company was interested in an outright merger. A source close to the development said, “Swiggy was more interested in exploring the merger at existing valuation, but Zomato’s proposed swap ratio would have valued it at $225 million.” 

 Both the companies dominate the food tech business in India. According to reports, Swiggy completes around 4- 4.5 million orders a month. Zomato, which completes close to 3- 3.2 million online orders, has an upper hand in the restaurant discovery business. Speaking about the speculations, an Alipay spokesperson said, “We don’t comment on market speculation.” 

In an emailed statement, Swiggy replied to the allegations stating, “Swiggy has a razor-sharp focus in delivering a superior customer experience as we continue to grow as India’s largest food ordering and delivery company. We would not like to comment on baseless speculations such as this.” 

The online food delivery market in India grew exponentially in 2016 with an estimated gross merchandise value (GMV) of $300 million. Recently, global players like UberEATS and Google also entered the Indian online food delivery industry. 

 

Note – This article has been updated after we received an official response from Swiggy. 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

Published

on

Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.​

In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

Continue Reading

Latest News

Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

Published

on

Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

Continue Reading

Latest News

Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

Published

on

Startup Stories

Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.​

The downfall of Dunzo was accelerated by its inability to maintain a healthy balance between rapid expansion and revenue growth, with losses in FY23 reaching an alarming ₹1,800 crore. With monthly expenses crossing ₹100 crore and mounting pressure to scale, Dunzo resorted to layoffs and delayed payments before shutting down most services outside Bengaluru. Reliance’s significant stake, initially seen as a strategic advantage, ended up limiting the startup’s flexibility in making independent decisions during its final months.​

Reliance’s write-off sends a strong message to India’s startup ecosystem about the risks inherent in quick-commerce and hyperlocal delivery models. Investors are increasingly focused on sustainable growth, disciplined scaling, and profitability. For Reliance, lessons from Dunzo’s collapse are shaping future e-commerce strategies, driving greater emphasis on operational efficiency and prudent financial planning in an intensely competitive market.

Continue Reading
Advertisement

Recent Posts

Advertisement