Business of eCommerce is never easy in the Gulf

Dubai: Want to launch an eCommerce business in the UAE? In theory, it’s about the easiest thing to do as long as you have the bare minimum funds to set up one. “Given the proliferation of such licences, it is unlikely any ownership restrictions will be put in place for these categories. In fact, based... Continue Reading →

Online food delivery wars are moving from India to Bharat

Muktsar in Punjab, with a population of 1.5 lakh, is not a city one would think would be on the radar of India’s big internet companies that are helping restaurants deliver to homes through mobile applications. But it is. For two reasons. One, it is the city where online food delivery and restaurant discovery company Zomato’s founder... Continue Reading →

Driven by its cuisine, Japanese food exports to India jumped 40 per cent in 2018

Indicative of the growing popularity of Japanese cuisine in India, food exports from the East Asian nation jumped 40 per cent in 2018. Even as it is working with various entities to further bump this up and has bestowed a government-authenticated tag on 36 fine diners. "Last year, Japan reached an agreement with India on the sanitary certificate of fishery products exported... Continue Reading →

Uber Eats and Foodora leave Austria

Last Thursday, Uber Eats said it would completely withdraw from the online delivery market in Austria. The delivery service was present in Vienna for two years, but the company didn’t grow as hard as it hoped and expected. ‘Surprising that Uber Eats already leaves’ Der Standard spoke with Benjamin Herr of the University of Vienna, who said he’s surprised... Continue Reading →

March: ecommerce events in Europe

March 7-8: eTail Germany – Germany eTail Germany has a full agenda and over 400 attendees. There will be over 80 industry-leading speakers and more than 90 interactive sessions. More info – Visit the website March 12: OroVibe – France OroVibe France is a B2B ecommerce and CRM event for manufacturers, distributors, retailers and brands. More info – Visit... Continue Reading →

Amazon India ties up with Kudumbashree

Kochi: Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India will support, train and empower women entrepreneurs associated with the organization and provide a marketplace for them to showcase their products to Amazon customers across the country. Kudumbashree is one of... Continue Reading →

SoftBank fund leads $60m round in Grofers

Bengaluru: Online grocer Grofers has raised about $60 million, led by Japanese internet and telecom giant SoftBank’s Vision Fund. The latest investment of SoftBank in Grofers is routed via the $100-billion Vision Fund. TOI sourced these documents from business intelligence platform After raising this capital, Grofers is said to be valued at $425 million, according to... Continue Reading →

Zomato gets Rs 441 crore in funding round led by Delivery Hero

BENGALURU: Online restaurant discovery and food delivery platform Zomato has said it is raising $62.5 million (about Rs 441 crore) in a fresh round of funding led by Naspers-backed German food-tech major Delivery Hero. The capital infusion is part of Zomato’s ongoing Series I round, and is likely to value the Gurgaon-headquartered company at about $2 billion. Also participating in the round are... Continue Reading →

Marks and Spencer, Ocado sign GBP 750 mln deal

UK-based retailer Marks and Spencer has agreed a joint venture with online grocery retailer Ocado that would give Marks and Spencer a full online food delivery service. Under the deal, Marks and Spencer will buy a 50% share of Ocado’s UK retail business for up to GBP 750 million (USD 994 million). The two retailers said customers will benefit... Continue Reading →

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