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Swiggy
Swiggy is an Indian online food ordering and delivery platform. Founded in July 2014, Swiggy is based in Bangalore and operates in 500 Indian cities as of September 2021. Besides food delivery, Swiggy also provides on-demand grocery deliveries under the name Instamart, and a same-day package delivery service called Swiggy Genie. History In July 2014, the two founders, Sriharsha Majety and Nandan Reddy, designed an e-commerce website called Bundl to facilitate courier service and shipping within India. Bundl was halted and rebranded to enter the food delivery market. At the time, the food delivery sector was in turmoil as several notable startups, such as Foodpanda (later acquired by Ola Cabs), TinyOwl (later acquired by Zomato) and Ola Cafe (later closed) were struggling. Majety and Reddy approached Rahul Jaimini, formerly with Myntra, and founded Swiggy and parent holding company Bundl Technologies in 2013. In early 2019, Swiggy expanded into general product deliveries und ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Naspers
Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure. Founded in 1915 by attorney W. A. Hofmeyr, Naspers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books. In the 1980s the company began to diversify, launching a subscription television service and investing in markets outside of South Africa for the first time. In 2001, Naspers made an early investment in Chinese technology firm Tencent and became increasingly focused on the global consumer internet sector. In 2019, Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amster ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zomato
Zomato () is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. , the service is available in 24 countries and in more than 10,000 cities. History Zomato was founded as FoodieBay in 2008 by Deepinder Goyal and Pankaj Chaddah who worked for Bain & Company. The website started as a restaurant listing and recommendation portal. They renamed the company Zomato in 2010 as they were unsure if they would "just stick to food" and also to avoid a potential naming conflict with eBay. With the introduction of .xxx domains in 2011, Zomato also launched zomato.xxx, a site dedicated to food porn. In 2011, it expanded across India to Delhi NCR, Mumbai, Bangalore, Chennai, Pune, Ahmedabad and Hyderabad. In 2012, it expanded operations internationally in several countries, inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Delivery
Retail food delivery is a courier service in which a restaurant, store, or independent food-delivery company delivers food to a customer. An order is typically made either through a restaurant or grocer's website or mobile app, or through a food ordering company. The delivered items can include entrees, sides, drinks, desserts, or grocery items and are typically delivered in boxes or bags. The delivery person will normally drive a car, but in bigger cities where homes and restaurants are closer together, they may use bikes or motorized scooters. Recently, online food delivery through third-party companies have become a growing industry and caused a "delivery revolution." Nascent technologies, such as autonomous vehicles have also been used to complete deliveries. Customers can, depending on the delivery company, choose to pay online or in person, with cash or card. A flat rate delivery fee is often charged with what the customer has bought. Sometimes no delivery fees are ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prosus
Prosus N.V., or Prosus, is a global investment group that is investing and operating across sectors and markets with long-term growth potential. It is among the largest technology investors in the world. Prosus has invested across multiple verticals, including social / gaming, classifieds, payments and fintech, edtech, food delivery and ecommerce. Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets. Prosus is majority-owned by South African multinational Naspers. In September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Subsequent to its , Prosus is the largest consumer Internet company in Europe by asset value. Shares in the company were reported to have "soared on debut," although the company was trading at a significant discount to the value of its portfolio. Business The group's expansion into Internet platforms began in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Food Ordering
Online food ordering is the process of ordering food, for Food delivery, delivery or pickup, from a website or other application. The product can be either ready-to-eat food (e.g., direct from a home-kitchen, restaurant, or a virtual restaurant) or food that has not been specially prepared for direct consumption (e.g., vegetables direct from a farm/garden, fruits, frozen meats. etc). Online food ordering/delivery through third-party companies have emerged as a global industry, leading to a "delivery revolution." From 2018 to 2021, global revenues for the online food delivery sector rose from $90 billion to $294 billion. History The first online Food delivery, food order was a pizza from Pizza Hut in 1994. The online food ordering market has increased in the U.S with 40 percent of U.S adults having ordered their food online once. The online food ordering market includes foods prepared by restaurants, prepared by independent people, and groceries being ordered online and then pick ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is an American venture capital firm. The firm has over $19 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, India, and London. Bessemer has funded technology companies including Shopify, Twitch, LinkedIn, Pinterest, Yelp, Wix, Skype, Procore, DocuSign, Bumble, Canva, Twilio, Diapers.com, Periscope, Fiverr, Discord, Box, Mindbody, Lifelock, RocketLab, Bright Health Group, Pager Duty, Piazza, Toast, Inc., and Blue Apron. History In 1911, Henry Phipps, a co-founder of Carnegie Steel, established Bessemer Securities as a family office. In 1974, Bessemer Securities expanded beyond immediate family management and the venture capital firm, Bessemer Venture Partners, was created. In 1975, Bessemer Venture Partners opened an office in Silicon Valley. In 1985, the firm opened an office in Boston and began investing in health and life sciences. In 2003, Bessemer expanded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwest Venture Partners
Norwest Venture Partners (Norwest) is an American venture and growth equity investment firm. The firm targets early to late-stage venture and growth equity investments across several sectors, including cloud computing and information technology, Internet, SaaS, business and financial services, and healthcare. Headquartered in Palo Alto, California, Norwest has offices in San Francisco and subsidiaries in Mumbai, India and Herzelia, Israel. The firm has funded more than 650 companies since inception. As of 2022, the firm has approximately 200 active companies across its venture and growth portfolio. History Northwest Venture Fund, a private equity and venture capital affiliate of Norwest Corporation, was founded in Minneapolis in 1961. It later merged with Wells Fargo in 1998. The Northwest Growth Fund grew under the leadership of CEO Robert Zicarelli, including the opening of an office in Silicon Valley. Zicarelli retired in 1988 and was succeeded by Daniel Haggerty who retir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accel (venture Capital Firm)
Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China (through a partnership with International Data Group (IDG-Accel)). Accel has funded technology companies including Facebook, Slack, Dropbox, Atlassian, Flipkart, Supercell, Spotify, Etsy, Braintree/Venmo, Vox Media, Lynda.com, Qualtrics, DJI, Cloudera, Jet.com, Ethos, GoFundMe, Vectra Networks Inc. FabHotels, BrowserStack, Vinculum Group, Instana, CleverTap, HopIn and Egyptian Instabug. History In 1983, Accel was founded by Arthur Patterson and Jim Swartz. The co-founders developed the firm's "Prepared Mind" investment philosophy based on the Louis Pasteur quote "Chance favors the prepared mind.", which requires "deep focus" and a disciplined and informed approach to investing. In 2000, Acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parcel Post
Parcel post is a postal service for mail that is too heavy for normal letter post. It is usually slower than letter post. The development of the parcel post is closely connected with the development of the railway network which enabled parcels to be carried in bulk, to a regular schedule and at economic prices. Today, many parcels also travel by road and international shipments may travel by sea or airmail. Development of domestic parcel posts The idea of a parcel post may be credited to Germany, where the growth of railways had brought uniform postal rates throughout Germany and Austria in 1857. The practice of forwarding parcels with the mail, however, had been in use in Austria since the seventeenth century and in some German states is said to date to the fifteenth century. In the first year after the establishment of the domestic parcel post in Germany (1874), 38,862,654 parcels were carried, rising to 62,946,100 by 1881.Jones, Chester Lloyd"The Parcel Post in Foreign Countries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Document
A document is a written, drawn, presented, or memorialized representation of thought, often the manifestation of non-fictional, as well as fictional, content. The word originates from the Latin ''Documentum'', which denotes a "teaching" or "lesson": the verb ''doceĊ'' denotes "to teach". In the past, the word was usually used to denote written proof useful as evidence of a truth or fact. In the computer age, "document" usually denotes a primarily textual computer file, including its structure and format, e.g. fonts, colors, and images. Contemporarily, "document" is not defined by its transmission medium, e.g., paper, given the existence of electronic documents. "Documentation" is distinct because it has more denotations than "document". Documents are also distinguished from " realia", which are three-dimensional objects that would otherwise satisfy the definition of "document" because they memorialize or represent thought; documents are considered more as 2-dimensional rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dark Store
The term dark store, dark shop, dark supermarket or dotcom centre refers to a retail outlet or distribution centre that exists exclusively for online shopping. A dark store is generally a large warehouse that can either be used to facilitate a "click-and-collect" service, where a customer collects an item they have ordered online, or as an order fulfillment platform for online sales. The format was initiated in the United Kingdom, and its popularity has also spread to France followed by the rest of the European Union and Russia, as well as to the United States. many companies are competing to provide rapid delivery of groceries. Most are financed by venture capital, and are fighting for market share and prepared to take initial large losses in doing so. Professor Annabelle Gawer, director of the Centre of Digital Economy at the University of Surrey, pointed out that the industry being disrupted is not food supply, but local delivery. Gawer asserts "delivery has never been a pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' is an American multinational corporation, multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time (magazine), Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
