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Zomato Launches Zomato Gold To Battle Swiggy’s Access

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Swiggy, the online food ordering platform launched Swiggy Access to allow its restaurant partners to set up kitchen spaces in neighborhoods where they currently do not operate.  This initiative will help in bringing quality food closer to consumers while enabling business expansion for its restaurant partners.

While Swiggy upped its game, Zomato also did not leave any spoon unturned. The online restaurant discovery platform launched its international paid subscription programme, Zomato Gold. This subscription based initiative is an exclusive dine out and social drinking membership programme where members can avail complimentary meals and drinks. While Zomato users will get access to complimentary food and drinks at over 1,200 highly rated restaurant partners, Swiggy users will get faster delivery as these kitchen spaces are “delivery only” branches and do not have a dine in option.

Zomato first launched the service in the UAE and Portugal earlier this year before launching it in India. At the moment, the programme is available through two membership plans. Users can pay the inaugural price of Rs. 299 for three months or Rs. 999 for 12 months. At present only Delhi NCR, Mumbai and Bengaluru based users can avail this opportunity.

Meanwhile, Swiggy’s restaurant partners will be able to expand their services to newer neighborhoods where consumers can avail a great variety of food at a lightning fast speed. Through this initiative, restaurants will also be able to optimize their kitchens for factors like stocks planning, demand forecasting, preparation time and order edits.

Although rumors suggest both the giants of the food delivery industry were in talks for a stock based merger, Swiggy denied all allegations in a statement. At present, it seems like both the startups have locked heads to capture a majority of the lucrative industry. Despite global players like UberEATS and Google trying to enter the restaurant discovery and food ordering marketplace, Swiggy and Zomato still hold the upper hand.

According to Zoamto, the company completes close to 3 million online orders per month, while Swiggy claims to complete 4 million. However, as Swiggy is still mainly a food delivering platform, Zomato reigns over the restaurant discovery business. India’s online food delivery market has grown exponentially over the past couple of years.  The estimated Gross Merchandise Value (GMV) for the fiscal year 2016 was close to $300 million. While both Swiggy Access and Zomato Gold seem to be bold moves, it is yet to be seen who will wear the ultimate crown.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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