Zomato Expands Food Delivery Service to 500 Cities in India

New Delhi, Jul 31 (PTI) Zomato on Wednesday said it has expanded its food delivery services to 500 cities in India.

The company now has 1.5 lakh restaurant partners and a delivery fleet of 2.3 lakh partners.

Zomato had reached 200 cities milestone in April and upgraded its expansion target to 500 by September, it said in a statement.

"Zomato is now serving users in 500 cities across India...Expanding to four new cities every day over the last month, Zomato is rapidly penetrating its food delivery services to utilize the untapped potential in tier 3-4 cities in India," it added.

The company has expanded to new cities across states like Kerala, Tamil Nadu, Daman, Meghalaya and Maharashtra, among others.

"While the growth in the top 15 cities has tripled in the last 12 months, our emerging cities now contribute 40 per cent to our business," Zomato CEO Food Delivery Mohit Gupta said.

*

*

*

*

* * Progcap gets USD 5 mn funding led by Sequoia India

Delhi-based fintech startup Progcap on Wednesday said it has recently secured USD 5 million (about Rs 35 crore) in a funding round led by Sequoia India.

The series A round also saw participation from MV Nair (CIBIL Chairman), Sandeep Tandon (founder of Freecharge), along with existing investors GrowX Ventures Fund and Somak Ghosh.

Founded in 2017 by Pallavi Shrivastava and Himanshu Chandra, Progcap is a financial technology company which facilitates debt capital for underserved micro and small businesses in India.

"The capital infusion will help us strengthen our operations, build on our technological differentiation, and accelerate the pace of our pan-India expansion," Progcap co-founder Pallavi Shrivastava said.

*

*

*

*

*

* BharatPe to invest Rs 35 cr in mktg, to launch campaign with Salman Khan

Fintech company BharatPe on Wednesday said it is launching its brand campaign with Bollywood actor Salman Khan.

The company will invest more than Rs 35 crore in 2019 towards marketing, a statement said.

"The campaign is aimed at spreading education about digital and UPI payments among India's 20 million merchants, and driving financial inclusion in the country," it said.

The pan-India campaign will be visible across the largest TV, print, radio, digital, and social channels.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)