Eatigo India

Here’s what you should know today:

1. Restaurant booking platform Eatigo expands to India

Bangkok-headquartered startup Eatigo announced the expansion of its services to users in Indian cities, Mumbai and Pune. The company, which offers time-based discounts, already has presence in Thailand, Hong Kong, the Philippines and Malaysia.

Eatigo has partnered with 300 restaurant partners in both Mumbai and Pune, including Grand Hyatt and Renaissance Mumbai. Users can use Eatigo website or mobile app to reserve a table and avail of discounts of up to 50%.

Eatigo plans to have 700-1,000 restaurant partners across Mumbai and Pune by the end of the year and hopes to breakeven in India in the next 12-18 months.

“This will not be a two-city play. We will look to expand pan-India once we have developed Mumbai and Pune,” said Siddhanta Kothari, CFO of Eatigo.

Read the full story here

2. Grab raises $2 billion from Softbank and Didi Chuxing

Uber’s biggest rival in Southeast Asia, Grab, is raising $2 billion in funding from Japan’s Softbank and China’s Didi Chuxing. The deal is expected to close in the next few weeks and would value Grab more than $5 billion.

The news came amid efforts made by Grab to transform into a consumer technology firms that also offer loans, electronic money transfer and money market funds.

Grab is present in more than 55 cities across seven countries.

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3. Indonesia’s BlackGarlic closes as market is not familiar with the concept

Meal ingredient catering startup, BlackGarlic, decided to cease operations as of Friday as the company experienced a difficult time in retaining the customers.

The company is founded in 2015, providing individually packaged MSG-free ingredients complete with step-by-step recipes. The recipes were developed under the local culinary expert William Wongso.

The concept is similar like US-based company Blue Apron, that went public last month.

Read the full story here

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