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Foodpanda To Boost Logistics With Rs. 400 Crores Investment

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Food ordering and delivery platform Foodpanda is looking to invest Rs. 400 crores in its logistics division to further build its delivery operations along with its technology stacks. The company will be shelling out the capital over the course of the next 12 months to take on its cash rich rivals and regain lost ground in the market.

According to sources, the company plans to hire 25,000 delivery riders in the next 12 to 15 months to ensure a seamless user experience across the country. Along with improving the partner restaurants, users and rider experience, the investment will also be used to scale up their technology across all the metros and other key cities in the country. Speaking about the investment, in an official statement, Foodpanda India CEO Pranay Jivrajka said, “Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry.”

Overall, the investment will help the foodtech company focus on creating transparent, more efficient and time saving procedures for delivery logistics. The company claims to have a presence in 130 towns and cities but will double down their focus on about 10 cities across which constitute about more than 50% of the overall orders received by the food delivery companies. Pranay Jivrajka further added their current plan is in line with their go to market strategy to make a difference in the food ordering experience of their restaurant partners, customers and riders. At present, Foodpanda offers menus from over 15,000 restaurants in India available on its app and website.

The food tech firm was acquired by homegrown cab aggregator Ola in December last year, with a commitment to infuse Rs. 1300 crores from parent ANI Technologies Pvt., Ltd. The all stock acquisition provided Ola with the opportunity to compete against global rival Uber, who also launched food delivery platform UberEATS.s

Currently, the food ordering and delivery industry is dominated by Zomato and Swiggy which are backed by big investors. Recently, Bengaluru based startup Swiggy also raised $100 million in a Series F funding round from Naspers.Meanwhile, Zomato also secured $300 million in funding from China’s ecommerce giant Alibaba.

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Artificial Intelligence

Adopt AI Secures $6 Million to Power No-Code AI Agents for Business Automation

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Adopt AI

Adopt AI, a San Jose and Bengaluru-based agentic AI startup, has raised $6 million in seed funding led by Elevation Capital, with participation from Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and angel investors. The funding will be used to expand the company’s engineering and product teams and to scale enterprise deployments of its automation platform.

 

Founded by Deepak Anchala, Rahul Bhattacharya, and Anirudh Badam, Adopt AI offers a platform that lets businesses automate workflows and execute complex actions using natural language commands, without needing to rebuild existing systems. Its core products include a no-code Agent Builder, which allows companies to quickly create and deploy AI-driven conversational interfaces, and Agentic Experience, which replaces traditional user interfaces with text-based commands.

The startup’s technology is aimed at SaaS and B2C companies in sectors like banking and healthcare, helping them rapidly integrate intelligent agent capabilities into their applications. Adopt AI’s team includes engineers from Microsoft and Google, with Chief AI Officer Anirudh Badam bringing over a decade of AI experience from Microsoft.

The company has also launched an Early Access Program to let businesses pilot its automation solution and collaborate on new use cases.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Funding

Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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