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Swiggy s war chest against Zomato

Swiggy s war chest against Zomato Want this newsletter delievered to your inbox? SUBSCRIBE We ll soon meet in your inbox. / Daily Top 5 Good evening, Monday was a crazy busy day for our reporters who were covering all the big-ticket funding and M&A news breaking by the hour. GIF credit: Tenor Food delivery platform Swiggy has built a war chest ahead of rival Zomato s public market debut, while Facebook-backed Meesho has become India s newest startup unicorn. Also in today’s letter: ⚡️Byju s big-ticket acquisition LG exits smartphone business Swiggy, Meesho land big funds Online food ordering platform Swiggy has landed $800 million financing from investors such as Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. Qatar Investment Authority and GIC of Singapore are also part of the funding round.

Zomato | Maharashtra Covid Restrictions: Restaurants, food delivery firms brace for a second hit

Synopsis Most e-commerce firms are ready to get their staff tested, as mandated by Maharashtra’s latest Covid-19 guidelines. Online grocery firms are already witnessing a surge in orders. Agencies According to the latest Maharashtra lockdown guidelines, restaurants can no longer provide dine-in or food delivery services after 8:00 pm. Bengaluru | Mumbai: Maharashtra’s new Covid-related restrictions will likely have minimal impact on e-commerce, firms said. The state government had on Sunday ordered that delivery and supply chain staff of e-commerce companies must either be vaccinated or carry a negative RT-PCR test report, starting April 10. Top company executives told ET they will ensure continuity of operations despite increase in costs on account of mass testing.

United Breweries Limited bags the prestigious award by INCA for the Back to the Bars Initiative

INCA Award ANI | Updated: Apr 01, 2021 12:36 IST As the world reels from the effects of the pandemic, especially the F&B industry, United Breweries Limited was recognized for strategically supporting the re-opening of bars by running the Back to the Bars initiative from early September 2020. The foundation of the campaign was built via three pillars: 1) Solidarity, 2) Safety, and 3) Building traffic for outlets. Keeping these three as the central thought, UBL supported several bars to re-open for business by uplifting 5000 plus on premise bars post the lockdown. Recognizing this effort, UBL was ranked as one of the top contributors who supported in the revival of the industry and the society at INCA, 2021.

India Nightlife Convention & Awards (INCA) concludes its 5th Edition in Goa

India Nightlife Convention & Awards (INCA) concludes its 5th Edition in Goa
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