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Online food ordering platform Zomato has filed draft papers with the Securities and Exchange Board of India (Sebi) for a Rs 8,250-crore initial public offering (IPO). The share float comprises fresh issue of equity shares worth Rs 7,500 crore and offer for sale worth Rs 750 crore by Info Edge (India) Ltd. At present, Info Edge holds 18.55 per cent in Zomato, while the Alibaba group owns 16.53 per cent of the restaurant aggregator via Alipay and Antfin. On Tuesday, Info Edge had said that it will sell stake worth Rs 750 crore in the Zomato IPO. Zomato’s much awaited IPO comes at a time the c...

Press release content from Business Wire. The AP news staff was not involved in its creation. Global Online Food Delivery Services Market Report 2021: COVID-19 Growth, Impacts and Change to 2030 - ResearchAndMarkets.com April 29, 2021 GMT DUBLIN--(BUSINESS WIRE)--Apr 29, 2021-- This report focuses on the online food delivery services market which is experiencing strong growth. The report gives a guide to the online food delivery services market which will be shaping and changing our lives over the next ten years and beyond, including the market’s response to the challenge of the global pand...

SoftBank Vision Fund 2 is expected to invest $450 million in Swiggy in a deal that will mark the Masayoshi Son-led SoftBank Group Corp.’s first direct bet in the foodtech sector in India.

EdTech platform Kyt raises $5 million in Series A funding round Kyt also plans to use the funds raised for deeper investment in technology and product to enhance the overall experience of studentsPremium 2 min read Kyt is the first Indian company to receive investment from Singapore-based January Capital Share Via Read Full Story Educational technology platform Kyt on Wednesday raised $5 million in a Series A funding round. The investment is led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. Sequoia Capital India’s Surge, January Capital, Titan Capital and ot...

Indian edtech firms go beyond school courses, test prep to tap kids Photographer: Xaume Olleros/Bloomberg Premium With most schools still shut and learning largely online, a bunch of edtech startups are offering extra-curricular courses to engage children and make them future-ready. Going beyond the traditional test preparation and online tutoring programmes, these courses offer dance and music, chess, yoga, quizzing and make-up courses, and even provide opportunit to learn from celebrities in respective fields. Continue reading this story with a subscr...