FOOD DELIVERY Volanews

THAILAND Siam Commercial Bank PRODUCT RELEASE

Thai Siam Commercial Bank Launches Food Delivery App Robinhood amid Competition SCB said Robinhood would not charge merchants gross profit commissions and vowed to settle payments to merchants within an hour and be entirely cashless. It will offer merchant-sponsored discounts for customers of 8%.

by DealStreetAsia

2020-10-27

INDONESIA Startups Mangan

Mangan Receives Angel Funding to Provide On-Demand Food Services to Diverse Institutions in Indonesia Mangan claims it has partnered with more than 200 restaurants and serves more than 40,000 food packets to 80 office locations in Jabodetabek and Surabaya.

by e27

2020-10-26

CHINA GIANT MEITUAN

Chinese Meituan to Raise USD 2 Billion in Debt, Partly for “Refinancing” The five-year bonds carry a yearly interest rate of 2.125% while the ten-year notes pay 3.05%, indicating the company’s capabilities to borrow at lower costs outside the Chinese mainland, where the 5-year benchmark lending rate is set at about 4.75%.

by KrAsia

2020-10-23

INDIA Unicorn ZOMATO

Kora Investments Adds $52 Mn to Indian Zomato’s Pre-IPO Round The fresh infusion is part of a targeted $600 million growth funding round, dubbed a Series J round, that Zomato intends to close before it hits the public market in 2021.

by techcircle

2020-10-16

UAE Startups Sweetheart Kitchen

Dubai-Based Sweetheart Kitchen Secures $17.7M Series C Funding Sweetheart kitchen is a delivery only multi-brand virtual kitchen with a portfolio of more than 25 quick service and fast-food concepts.

by magnitt

2020-10-12

IRAQ Startups Alsaree3

Baghdad-Based Food Delivery App, Alsaree3 And Sister Company, Al Zajel Raise Six-Figure Seed Funding Alsaree3 has been operational since 2018 and provides high-quality customer service, fast deliveries, and an extensive selection of restaurants (450+) in Baghdad.

by magnitt

2020-09-21

INDIA UNICORNS ZOMATO

India Foodtech Unicorn Zomato Raises $100M from Tiger Global, Others; Eyes IPO in 2021 With the latest fundraise, Zomato is now reported to be valued at $3.4 billion, close to its rival Swiggy which is presently valued at $3.6 billion.

by YourStory

2020-09-11

PAKISTAN Startups Byte

Pakistan’s Byte Receives Y Combinator’s Backing to Make Food Delivery Affordable with Its Network Of Dark Kitchens It is currently operating in limited areas of Lahore but also enables users to place takeaway orders and pick up the food from their dark kitchen themselves.

by MENAbytes

2020-08-27

IRAQ Startups Lezzoo

Iraq's Lezzoo Raises Seven-Figure Seed Funding Round Lezzoo delivers items such as prepared food, groceries, and pharmaceuticals in several Iraqi cities.

by magnitt

2020-07-29

INDIA UNICORNS SWIGGY

India's Swiggy Fires 350 Employees, Says Business Is Still Down 50 Percent Swiggy further said the exit package for laid off employees includes a minimum of 3 months to 8 months of salary based on tenure.

by officechai

2020-07-29

ETHIOPIA Startups FOOD DELIVERY

Deliver Addis, Ethiopia’s Online Food Delivery Firm Raises Funding from RENEW & the Impact Angel Network With the funding, the firm has expanded services to include an online marketplace that enables Ethiopian consumers to shop for groceries and other essential goods online.

by TechMoran

2020-06-09

INDIA Startups ZOMATO

Zomato Gives Up Grocery Plans As It Shifts Focus Entirely To Food Delivery Zomato has decided to wrap the grocery delivery arm — Zomato Market — as it lays out the master plan to come out of losses it faced during the lockdown.

by Inc42

2020-06-08

Saudi Arabia Startups FOOD DELIVERY

Saudi Food Delivery Startup Jahez Raises $36 Million in Country’s Largest VC Deal Jahez’s food delivery platform offers complete delivery solutions (with the help of freelance couriers) to its restaurant partners in over 20 cities of the Kingdom, competing with the likes of Delivery Hero’s HungerStation, Careem Now, and many other local players.

by MENAbytes

2020-06-04

INDIA Unicorn ZOMATO

Zomato Expands To 300 Cities As Foodtech War With Swiggy Heats Up Food delivery unicorn Zomato said today that it has now expanded to 300 cities, serving over 250 Mn users in these cities.

by Inc42

2019-06-04

SOUTHEAST ASIA THAILAND MALAYSIA

YC-backed dahmakan raises US$5M to roll out its chef-cooked food delivery in Thailand, Malaysia dahmakan, a Y-Combinator-backed cloud kitchen startup in Malaysia, today announced the closing of over US$5 million in Series A round of funding with existing and new global investors, including Silicon Valley’s Partech Partners and China’s UpHonest Capital.

by e27

2019-05-22

MENA Delivery Hero FOOD DELIVERY

Delivery Hero fires entire leadership team of Saudi’s HungerStation in one day for unknown reason Delivery Hero, the Germany-headquartered global food delivery company, that owns different food delivery brands in the Middle East & North Africa, has terminated the entire leadership team of one of its Saudi food delivery companies HungerStation for unknown reasons, three people with the knowledge of matter have told MENAbytes.

by MENAbytes

2019-04-12

BUSINESS EXPANSION STARTUP EGYPT

Kuwait’s Carriage expands to Egypt, launches in Cairo after onboarding 600 restaurants Egypt is the sixth market for Carriage. Started with Kuwait, their services are also available in UAE, Saudi, Bahrain, and Qatar.

by Rachel

2019-03-18