Can food-tech startups rustle up a comeback?

When meal-ordering startup Yumist shut shop last month, it joined a long list of food-tech ventures that have gone belly up despite attracting sizeable venture capital. Except Yumist was different—unlike most of its peers, it had eventually figured out a profitably scalable model. Announcing the decision to end its three-year journey, Yumist co-founder Alok Jain had said: “If we had another nine months of survival money, we would have gone back to the market and found enough support to survive.” The high growth and high burn path that Yumist chose under…

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Will Alibaba’s planned investment in Zomato disrupt the food-tech space?

Online restaurant finder and food delivery platform Zomato may receive a whopping $200 million (Rs 1,283 crore) from Chinese e-tailing behemoth Alibaba, media reports said. Mint and The Economic Times, cited unnamed people saying that Zomato will be valued at $800 million-$1 billion for this round of funding by Alibaba’s payments arm Ant Financial Services Group, or Alipay. Email queries to Alibaba did not elicit any response, while a Zomato spokesperson told VCCircle that the company “does not comment on rumours and speculations”. Zomato has been in the market to raise…

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