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Ola To Acquire Freshmenu After Foodpanda And Ridlr?

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Ola To Acquire Freshmenu After Foodpanda And Ridlr?,Startup Stories,2018 Latest Business News,Ola Acquire Food Brand Startup Foodpanda,Foodtech Startups,Startup News India,Food Brand Freshmenu,Ola Business News,Ola Funding Updates,India Foodtech Industry

India’s leading cab aggregating company, Ola Cabs, is in talks to acquire private label food firms to create an independent Food Technology Company. Just days after acquiring the transportation booking startup Ridlr, the taxi hailing company is reportedly eyeing the food brand startup Freshmenu, along with other similar foodtech startups to form a separate food entity.

Livemint reported, according to sources close to the development, Ola has held talks to buy the food brand Freshmenu. However, no deal has been agreed to yet with either firm. ANI Technologies Pvt., Ltd., has been on an acquisition spree since December last year. After acquiring the food delivery startup Foodpanda, Ola also acquired Ridlr last week. The company also raised close to $ 3.9 million in the past months from 20 different investors in a series of funding rounds, eyeing to hit profitability by the financial year 2019. Ola’s parent company ANI Technologies is also planning to raise funds separately for Foodpanda later this year in order to tap into the strong investor demand for foodtech startups. The cab hailing firm is looking to create a larger group company similar to Flipkart to increase the valuation of the company by having independent assets.

Freshmenu, founded by Rashmi Daga in 2014, is a meal kit delivery service aimed at busy urban individuals who seek nutritious food. With investors such as Zodius Capital and Lightspeed Venture Partners, the company has raised about $ 21.5 million to date. Freshmenu operates 35 cloud kitchens across Bengaluru, Mumbai and Delhi NCR and claims to receive 13,000 orders per day with an average order valued at Rs. 325.

India’s foodtech industry has also been witnessing a lot of growth with both Swiggy and Zomato expanding operations aggressively. Along with homegrown startups, international players such as Uber and Google have also ventured into the foodtech industry via Uber Eats and Google Areo. Indian ecommerce giant Flipkart is also rumoured to be launching a one stop app soon. However, while investors are ready to shell out millions into the $ 19 billion foodtech market, the effect this acquisition has on Ola and Freshmenu is yet to be seen.

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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

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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