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

Dera chief Ram Rahim's 'daughter' Honeypreet arrested by Haryana Police

Image
Honeypreet said she had slipped into depression after Ram Rahim's conviction After a month-long search for jailed Dera Sacha Sauda chief Gurmeet Ram Rahim's "adopted" daughter  Honeypreet  Insan, Haryana Police on Tuesday arrested her. Honeypreet, along with another woman, was arrested by the Haryana Police from the Zirakpur-Patiala road in Punjab, said Panchkula Police Commissioner A S Chawla. Honeypreet tops the list of 43 people 'wanted' by the Haryana Police in connection with the incidents of violence that left 41 people dead and several injured following Gurmeet Ram Rahim's conviction in rape cases. Also Read :  Honeypreet Insan held after 38 days on run, to be produced in court today Talking to media persons at Panchkula, Chawla said, "She has been taken into custody by SIT in-charge (Mukesh Kumar) from Zirakpur-Patiala road in Punjab. She is being brought to Panchkula for questioning in connection with the incidents of violen...
Read more

Assam Assembly Elections 2016

Image
Asom Gana Parishad, BJP's  Assam Assembly elections 2016 , today announced the first list of its 25 candidates for the hustings including the names of former chief minister Prafulla Kumar Mahanta, former ministers and its president Atul Bora. The regional party will also be announcing shortly the names of other candidates in those constituencies where it will have friendly contests with the BJP, AGP president Atul Bora told reporters here. Read more from our special coverage on " ASSEMBLY ELECTIONS " Polling in five states in April-May; Bengal will vote on seven days Letters:  Alliance pros and cons Among the 25 contestants are former two-time chief minister Prafulla Kumar Mahanta (Barhampur), ex-ministers Brindaban Goswami (Tezpur), Renupama Rajkhowa (Teok), Pradeep Hazarika (Amguri), Pabindra Deka (Patacharkuchi), Dr Kamala Kanta Kalita (Chaygaon), Ramendra Narayan Kalita (Guwahati West), Bora said. The others in the list include sitting MLAs Binod Gowala...
Read more

Amazon now has customers in 100% serviceable pin-codes in India: Jeff Bezos

Image
If things fall in place, then a deal with a major offline retailer might happen by the end of this year, according to a source Amazon might be the most visited shopping site in India, but for Jeff Bezos, the founder and CEO of the technology giant, it is still Day 1 in what may be the second-most important market for the firm outside the US. Bezos, in a letter to customers, said that Amazon now has customers in 100 per cent serviceable pin-codes in the country and is shipping packages from more than 50 fulfillment locations in 13 states. From talking about how Alexa plays devotional songs in local Indian languages to Amazon India working closely with communities in rural areas, Bezos said that the online marketplace has now become part of the country's culture and has adapted all its services and offerings accordingly. Stressing that Amazon India has captured the top spot for the last two years, Bezos pointed out that Amazon is the most visited site in the cou...
Read more