Food startups sees bloodbath in India on flawed models, funds drying up


On January 8, FreshMenu, a Bengaluru-based food startup that owns centralised kitchens raised fresh funds of Rs 110 crore to fund expansion.
It has built a model to cook food at its own kitchens, book orders on its app and deliver it to customers. FreshMenu, which makes around 5,000 meals a day and valued at Rs 380 crore is an exception in the food technology (FoodTech) space that is witnessing a blood bath after a spurt in companies backed by global investors. Read Articles

Comments

Post a Comment

Popular posts from this blog

The biggest political challenge of 2016

Image
Assembly elections are due in the summer of 2016 in five places: Assam & West Bengal in the east and Tamil Nadu, Kerala and Puducherry in the south. These account for 116 Lok Sabha seats. The ruling BJP has little or no political capital here. How will the outcome of these elections influence national politics? Business Standard presents the facts ( Click here for detailed report ) 
Read more

NSG to take up Pakistan, India's membership requests this week

Image
NSG to take up Pakistan, India's membership requests this week The Nuclear Suppliers Group (NSG) 2016 annual plenary, which begins in   Seoul   on Monday, will take up membership requests from both   India   and   Pakistan   on June 23-24. According to   Dawn , Pakistan submitted its membership application on May 19, a week after India, which applied on May 12. With massive global support, India stands as a favourite to join the 48-nation group, with an active support from the United States, Russia, Britain, France and other world powers. China, however, stands as an obstacle to India's application, arguing that it would enhance a nuclear competition in South   Asia   by isolating Pakistan. China   wants   NSG   to admit Pakistan as well, pointing out that both India and Pakistan possessed nuclear weapons and had not signed the NPT. While China may not force the NSG to admit Pakistan, it can block India as new m...
Read more

Row over Amit Shah's son: Rs 100-cr defamation suit and 10 developments

Image
The Congress, CPI(M), and the AAP have sought an inquiry into allegations against Jay Shah   A political storm hit the Narendra Modi-led government and the Bharatiya Janata Party (BJP) after a news website reported that a company run by party chief  Amit Shah's son , Jay Amit Shah, recorded a 16,000-times increase in turnover in only a year after Modi became the Prime Minister and the senior Shah the party president. In a statement that the BJP released on Sunday evening, Jay said he would be filing civil and criminal defamation cases against the news website's owners, editor, and the author of the article in Ahmedabad, where he runs his business, and sue them for Rs 100 crore in damages.   The Congress, CPI-M, and the AAP on Sunday sought an inquiry into allegations against Jay Shah and a company linked to him. (Read all about the political storm kicked up by the report on Amit Shah's son.   Responding to the article, the BJP rubbished the allegati...
Read more