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.