Last fortnight, Licious reported a 300% annualized growth rate, propelling the direct to home meat and seafood startup to one of the fastest growing brands in the country.
Last fortnight, Amul reported an annual revenue of more than 32K Cr ($5Bn), growing an incredible 20% at scale, and exploding during the lockdown.
Last fortnight, Zomato was reported to be buying grocery delivery upstart Grofers for $750MM, as the country’s lockdown saw a surge in groceries and a collapse in eating out.
Last week, Zomato acquired UberEats for an equity valuation of $350MM, giving Uber 10% of Zomato in return and driving a consolidation in foodtech.
Last week, India’s namkeen industry held a convention commemorating annual sales of INR 1 lakh Cr ($14Bn), led by snacks giant Haldiram's.
Last fortnight, Dunzo was in conversations to raise $100MM, bringing it closer to Dunzo everything and become a unicorn.
Last week, BigBasket raised $150MM to push for pole position in the hot Indian grocery space, resulting in the company becoming a unicorn.
Last week, food technology company Rebel Foods (previously Faasos) kicked off its $75MM fundraise with a $16MM first tranche.
Last week, Swiggy invested in Fingerlix and was in the lead to acquire UberEats, just a few weeks after acquiring Kinto.ai
Last week, grocery delivery startup Grofers was said to be raising $125-150MM of capital from its early backer Softbank.
The battle for food at your doorstep intensified this week with Swiggy becoming a unicorn and competitor Zomato following up with fundraising talks 2 days later.
One of the very intriguing announcements last November was Zomato's Gold. As a concept, Gold is fairly straightforward - you sign up for a subscription that gives you access to a free dish/beverage at a partner restaurant.