Connect with us

Latest News

Zomato Launches Zomato Gold To Battle Swiggy’s Access

Published

on

Zomato Launches Zomato Gold,Startup Stories,Business Updates 2017,Zomato Launches Subscription Program Zomato Gold,Zomato Gold in India,Zomato Latest News,Swiggy and Zomato New Updates,Latest Zomato News 2017,Zomato Success Story

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.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Melony

    March 13, 2025 at 6:51 am

    Hey there! Do you know if they make any plugins to help with
    SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not
    seeing very good gains. If you know of any please share.
    Appreciate it! You can read similar article here: Code of destiny

  2. Amy

    March 27, 2025 at 2:10 am

    I am really inspired together with your writing skills as well as with the layout to your blog. Is this a paid subject matter or did you customize it yourself? Either way keep up the excellent high quality writing, it is rare to see a great blog like this one nowadays. I like startupstories.in ! It is my: TikTok Algorithm

  3. Tyrone

    March 27, 2025 at 3:11 pm

    I’m extremely inspired with your writing skills as neatly as with the structure on your blog. Is this a paid subject or did you customize it yourself? Anyway keep up the excellent quality writing, it’s uncommon to look a great weblog like this one nowadays. I like startupstories.in ! It’s my: Instagram Auto comment

Leave a Reply

Your email address will not be published.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

Latest News

Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Published

on

Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

Continue Reading

Latest News

Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

Published

on

Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings,Startup News,Startup Stories,Startup Stories 2025,Startup Stories India,Tech News,Latest News,OTT,Bhojpuri,Cultural,STAGE,Regional OTT Platform STAGE,Indian OTT Platform STAGE Nets $12.5M Series B,STAGE News,CEO Vinay Singhal,OTT News,OTT Platform STAGE Secures $12.5 Million,STAGE Secures $12.5M Series B,STAGE Bags $12.5 Mn In Funding,Regional OTT Platform STAGE App,STAGE OTT,STAGE App,Series B,STAGE Latest News

Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

Continue Reading

Latest News

From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

Published

on

From Space to Earth: Sunita Williams' Inspiring Journey and Homecoming Celebration,Startup Stories,Startup Stories India,Inspirational Stories 2025,Latest Technology News and Updates,2025 Technology News,Tech News,startup news,Sunita Williams,Sunita Williams space journey,Sunita Williams homecoming,NASA astronaut Sunita Williams,Sunita Williams space achievements,Sunita Williams return to Earth,Sunita Williams Highlights,Sunita Williams Inspiring Journey

Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

Continue Reading
Advertisement

Recent Posts

Advertisement