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Chinese online grocer Dingdong Maicai nets $700m funding co-led by DST

Chinese online grocer Dingdong Maicai nets $700m funding co-led by DST
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

Indian foodtech giant Swiggy nears $800m fund raise in Series J round

Indian foodtech giant Swiggy nears $800m fund raise in Series J round Photo: Livemint April 5, 2021 Indian foodtech major, Swiggy is in the final stages to close $800 million in funding, in its Series J round of financing, with investors Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs joining as new investors, according to an internal memo sent by company founder Sriharsha Majety to employees. The fundraise will likely value the foodtech firm at over $4.9 billion, a jump from its previous ascribed valuation of $3.6 billion in 2020, according to an individual aware of the fundraise talks. The person added that sovereign funds including Singapore-based GIC Private Ltd. and Qatar Investment Authority (QIA) are also expected to participate in the ongoing round at a later stage, following which the company is expected to close the fundraise.

Food Delivery Services Market 2020-2024: Industry Analysis, Market Trends, Growth, Opportunities and Forecast

Share this article NEW YORK, April 5, 2021 /PRNewswire/   The food delivery services market is expected to grow by $ 215.56 bn, progressing at a CAGR of over 12% during the forecast period. Technavio has announced its latest market research report titled Food Delivery Services Market by Business and Geography - Forecast and Analysis 2020-2024 The growing mergers and acquisitions is one of the major factors propelling the market growth. However, factors such as growing threat from direct delivery services will hamper the market growth. Food Delivery Services Market: Market Landscape Landscape Based on the market landscapes, the order-focused segment is expected to witness lucrative growth during the forecast period.

Deliveroo Sinks 31% After IPO as Funds Shun Gig-Worker Model

Deliveroo Sinks 31% After IPO as Funds Shun Gig-Worker Model
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