• About Us
  • Submit Your Story or Interview
  • Advertise with US
  • Career
  • Contact Us
  • Write For us
startup insider
  • Home
  • CEO Story
  • Startup Stories
  • Interviews
  • Magazine
  • Funding News
  • Press Release
  • Submit Your Story or Interview
No Result
View All Result
  • Home
  • CEO Story
  • Startup Stories
  • Interviews
  • Magazine
  • Funding News
  • Press Release
  • Submit Your Story or Interview
No Result
View All Result
startup insider
No Result
View All Result
Home News & Updates

Zomato & Swiggy Receives Fundings Despite Lockdown, Continues To Deliver Groceries

Harsh Verma by Harsh Verma
in News & Updates
0
Zomato
Share on FacebookShare on Twitter

Lockdown due to Coronavirus has halted several businesses in India. Amid this indefinite lockdown, the online food delivery companies Swiggy, Zomato are facing a tough time. The online food delivery orders have got reduced by up to 80 to 90% as people are avoiding products from outside. Earlier, both Zomato and Swiggy used to get more than two million orders every day.

lockdown

Despite lockdown, Zomato recently secured funding of $5 million via investment trust “Pacific Horizon.” After this funding, the total valuation of Zomato stands $3.25 billion. On the other hand, Swiggy secured a funding of $43 million in its Series I round funding. This funding has raised the total valuation of Swiggy to $3.6 billion. The total estimate of Zomato and Swiggy are much closer now. These fresh fundings would allow both the food delivery firms to expand their business and bear the losses at the time of lockdown.

lockdown

Zomato has announced that it has started delivering groceries to more than 80 cities across India so that people continue to receive essential items during the ongoing coronavirus lockdown. This delivery of essentials is done through their new segment called “Zomato market.” Swiggy has also started delivering grocery to its customers.through the Swiggy stores available across different cities of India.

Zomato

Even after getting permission for delivery of essential goods and items from the government, many delivery partners of both Zomato & Swiggy are not able to fulfil the orders. The delivery boys of these companies have either refused not to work or are not able to achieve the targets. According to them, the local police and administration are preventing them from delivering even essential items such as groceries. Similar is the case with Big Basket, who in the early days in the country was unable to fulfil the order for groceries during the lockdown. At the same time, all these companies are allowed to deliver essential items in the government circular.

Tags: fundingLockdownswiggyzomato
ShareTweetShare
Previous Post

Four Work From Home Freelancing Jobs To Earn Money During Lockdown

Next Post

How Vernacular supply chain tech can enable Micro Entrepreneurship in RURAL INDIA

Harsh Verma

Harsh Verma

Related Posts

Chumbak
News & Updates

Chumbak Raised funding through Klub

01/10/2022
Aarav Solutions
Funding News

AI Startup Froot has been Acquired by Aarav Solutions

01/10/2022
Preimage
News & Updates

Preimage raises money from Pi Ventures

30/09/2022
Startups-List
News & Updates

CRED Tops the List of Startups List of 2022 in India

30/09/2022
Startup Fundraising
Funding News

Why Is Startup Fundraising Now Linked With Revenue?

30/09/2022
PhysicsWallah
News & Updates

PhysicsWallah now provides test material for GATE

30/09/2022
Next Post
basha

How Vernacular supply chain tech can enable Micro Entrepreneurship in RURAL INDIA

Sundar Pichai

Google CEO Sundar Pichai Donates To Help Migrant Labors In India

Reliance Jio

Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore

Subscribe For More Update

ADVERTISEMENT
  • Business Magazines in India

    Top 10 Business Magazines in India in 2022

    1 shares
    Share 0 Tweet 0
  • Swiggy Startup Success Story – In-Depth Analysis

    1 shares
    Share 0 Tweet 0
  • Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • The Succes Story Of Byjus: The Future Of Online Education

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
Healthcare

The Start-Up That’s Making Healthcare More Accessible To Corporate India

02/02/2023
Nithra

Mr.Gokulanathan Ponnusamy Founder and CEO of Nithra mobile app development company have provided employment for many youths in Tamil Nadu

21/01/2023
Content Marketing

5 Content Marketing KPIs That Every SaaS Business Owner Should Know

18/01/2023
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Mail : media@startupinsider.in

Phone : 91-9034408083

Categories

  • Auto
  • Blog
  • ceo Story
  • Crypto
  • Funding News
  • Interviews
  • News & Updates
  • Press Release
  • Profile
  • Startup Stories


img

Recent

  • The Start-Up That’s Making Healthcare More Accessible To Corporate India
  • Mr.Gokulanathan Ponnusamy Founder and CEO of Nithra mobile app development company have provided employment for many youths in Tamil Nadu
  • 5 Content Marketing KPIs That Every SaaS Business Owner Should Know
  • About Us
  • Contact Us
  • Submit Your Story or Interview
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use
  • Write For us

© 2020 Startup Insider

No Result
View All Result
  • Home
  • CEO Story
  • Startup Stories
  • Interviews
  • Magazine
  • Funding News
  • Press Release
  • Submit Your Story or Interview

© 2020 Startup Insider