Marriott on Wheelsâ delivers new campaign as India begins to lock itself and food delivery sees a sharp spike
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Most Indian states have announced some form of lockdown to combat the second COVID wave. People will now order from home more than ever before.
Home delivery is one of the most elementary services a restaurant, or cafe offers. But when a five-star hotel, a la Marriott or Taj, says it will deliver signature dishes from its restaurants to your doorstep, you stop to think.
As per âCOVID-19: Impact on the Indian Hotels Sectorâ report by HVS, a consulting firm specialising in the hospitality industry, hotels should âprovide services that have traditionally not been part of their core offerings, such as food delivery, through online platforms, or leasing of kitchens for cloud kitchen requirements.â
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Startups led from the forefront as India waged a battle against COVID-19 in 2020, working out ways to help develop technology and infrastructure for better prevention, diagnosis, and treatment. It seemed that we were winning the war against the SARS-CoV-2 virus, but then came the humongous second wave that has battered all of India.
Gurugram-based AI and technology solution provider Staqu Technologies believes that this is the time to rally together, find opportunities, and take the fight against the deadly virus.
Image Credit: Staqu
Founded in 2015 by Atul Rai, Chetan Rexwal, Anurag Saini, and Pankaj Sharma, Staqu revamped and modified its AI-based video analytics platform,
Synopsis
It is expected to be one of the largest initial public offerings ever for an Internet startup in India
ETtech
Illustration: Rahul Awasthi
Eleven years after it was founded, online food ordering and restaurant discovery platform Zomato took a big step toward a public listing on Wednesday.
It is expected to be one of the largest initial public offerings ever for an Internet startup in India.
A DRHP is a publicly available document of a company that is planning to raise money from the public which it files with the market regulator. It outlines critical information and details about its business operations and financials. This includes details about its promoters, reason for raising money, how the money will be used, risks involved with investing in the company, and so on.
The coronavirus pandemic has accelerated the adoption of services by food delivery giant Zomato. The Gurugram-based company said its revenue from operations has grown from Rs 466 crore in FY18 to Rs 2,604 crore in FY20, signifying around 5.5X growth over the three-year period. Revenue from operations for the nine months ended December 31, 2020, stood at Rs 1,301 crore.
“In particular, as lockdowns, in response to the Covid-19 pandemic, eased in India towards the end of May 2020, our food delivery business started recovering. In the third quarter of FY21, we recorded the highest GOV (gross order value) in any quarter till December 2020,” said the company. “The accelerated growth of our business, stemming from the effects of the Covid-19 pandemic, may not continue in the future.”
Apr 25 2021, 2:25 PM
April 25 2021, 2:25 PM
April 25 2021, 2:25 PM
India is minting startup unicorns at a record pace in 2021. And many more could be on the way to the billion-dollar-mark before the year wraps up.There are at least 35 startups with the potential to reach a billion-dollar valuation in the near future, according to consulting and business research firm Praxis Global Alliance. Out of these 35 shortlisted firms, or âSoonicornsâ as Praxis calls them, up to five could turn unicorns within.
India is minting startup unicorns at a record pace in 2021. And many more could be on the way to the billion-dollar-mark before the year wraps up.