🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Meta fires two dozen LA staff for ‘misusing’ meal vouchers to buy non-food, household items
Livemint
·
9m ago
Medial
Facebook's parent company, Meta, has fired approximately 24 employees in their Los Angeles office for misusing their $25 meal vouchers. Instead of using the vouchers for food, the employees were found to have purchased non-food items such as household goods. Meta's food allowance is $75 per day, and the employees who were fired were considered habitual abusers of the system. This incident comes amidst a broader team reorganization at Meta, resulting in job cuts across WhatsApp, Instagram, and Reality Labs.
View Source
Related News
Meta lays off employees at WhatsApp and Instagram, the Verge reports
Economic Times
·
9m ago
Medial
Meta is reportedly laying off employees in various units, including Instagram, WhatsApp, and Reality Labs. The company stated that the changes are being made to align with their long-term strategic goals and location strategy. Although the exact number of job cuts was not specified, it was described as small. Separately, Meta also reportedly fired around two dozen staff in Los Angeles for misusing their daily meal credits. These terminations are in addition to the previous job reductions that Meta has implemented since November 2022. However, the company's shares have been performing well, and it recently surpassed market expectations for revenue in its second-quarter results.
View Source
Swiggy’ Phani Kishan Says Instamart Focus on Household Consumption will not Change
Inc42
·
1y ago
Medial
Food delivery company Swiggy's co-founder, Phani Kishan Addepalli, has stated that their service, Swiggy Instamart, will continue to prioritize household consumption products and items with immediate use cases. Addepalli made these remarks during the India Healthy Snacking Summit organized by Farmley, a dry fruits and nuts company, in Delhi. During the same event, Zepto CEO Aadit Palicha also mentioned that the most significant opportunity in the quick commerce sector lies in groceries and household essentials.
View Source
Paytm fires over 1,000 across units amid cost-cutting
Economic Times
·
1y ago
Medial
Paytm, the parent company of One 97 Communications, has laid off over 1,000 employees as part of cost-cutting measures. This move is in response to the company's realignment of its various businesses, including the withdrawal from small-ticket consumer lending and the 'buy now pay later' sector after regulatory restrictions on unsecured loans. These job cuts are expected to affect around 10% of Paytm's overall workforce. The company aims to reduce staff costs by 10-15% through artificial intelligence-led automation and a focus on payment services and wealth management.
View Source
WhatsApp partners with Razorpay, PayU to offer in-app shopping for Indian users
Economic Times
·
1y ago
Medial
WhatsApp has collaborated with online payment solutions companies Razorpay and PayU to allow Indian users to shop and make payments directly through the app. Users can add items to their cart and make payments using various methods including UPI apps, debit and credit cards. Additionally, WhatsApp introduced the feature called "Flows", allowing businesses to create customized forms for services like seat selection, meal ordering, and appointment booking. The platform also introduced Meta Verified for WhatsApp businesses, offering verification badges, enhanced account support, and impersonation protection.
View Source
Wheelocity Raises $15 Mn To Expand Into FMCG Space
Inc42
·
9m ago
Medial
A startup has raised funding to expand its business beyond fresh produce and groceries. The company plans to venture into non-food FMCG items, staples, household essentials, and other discretionary products. Additionally, they intend to improve their technology to offer more efficient and accessible services for their customers. Founded in April 2022, the startup solves supply chain issues for fresh commerce in India and operates on a phygital model to cater to semi-urban and rural consumers.
View Source
Mark Zuckerberg was blown away by a visit to a Japanese McDonald's and joked that it was so good it should have a Michelin star
Business Insider
·
1y ago
Medial
During his visit to Japan, Mark Zuckerberg, CEO of Meta, visited a McDonald's and declared it worthy of a Michelin star. He posted pictures on Instagram, showing himself and his wife enjoying their meal, which consisted of various items including burgers, fries, and drinks. Zuckerberg is currently on a tour of Asia, conducting business meetings and engaging in personal activities such as attending a lesson with a Japanese sword master. He will also be visiting South Korea and India during his trip. Zuckerberg has been known for his eclectic hobbies, which include raising cattle and training in martial arts.
View Source
7-Eleven, the Slurpee and a $47 billion takeover battle
Livemint
·
8m ago
Medial
The 7-Eleven convenience store chain, known for its iconic Slurpee drink, is currently the subject of a multibillion-dollar bidding war for its acquisition. Quebec-based Alimentation Couche-Tard, the owner of Circle K convenience stores, has made a $47 billion offer to buy 7-Eleven. However, the chain's parent company, Seven & i, is also considering a higher bid from a son of the company's founder to keep the business in Japanese hands. 7-Eleven's success lies in its localized approach, tailoring its products to meet the specific habits and tastes of each store's location. The chain's ability to offer inexpensive, on-the-go food items has positioned it favorably in the food retail market.
View Source
Zomato halts 15-min food delivery service 'Quick' just four months after launch
Entrackr
·
3m ago
Medial
Food tech giant Zomato has reportedly removed its 15-minute food delivery tab, Quick, from its main app just four months after its launch, hinting at a possible strategic reset in its approach to ultra-fast meal deliveries. Moneycontrol was the first to report this development. The feature, also available as part of Zomato Everyday, was advertised on the landing page of the main app but is now unavailable in several cities such as Bengaluru, Gurugram, Hyderabad, Mumbai, and more. It is also possible that the company will not entirely phase out the feature and may release another version later. The service offered ready-to-eat dishes from select restaurants located within a two-kilometre radius. However, the option is no longer visible. Zomato Quick accounted for nearly 8% of the total order volume on the app around March. This was Zomato’s second attempt to crack the quick food delivery market under its main app. Its earlier effort – Zomato Instant, launched in 2022 – promised 10-minute deliveries in Bengaluru and Delhi-NCR but was shut down by January 2023. It was later replaced by Zomato Everyday, a home-style meal service with similar delivery timelines. While Zomato no longer offers a quick food delivery option on its main app, it has launched Bistro by Blinkit – a separate service offering fast-moving, ready-to-eat dishes made in Blinkit's network of dark stores. The app focuses on snacks, small meals, and bakery items that can be dispatched rapidly, blending Blinkit’s quick-commerce infrastructure with Zomato’s food delivery know-how. Zomato appears to be shifting its quick-food plans away from its core app and into a more focused play powered by Blinkit's dark store network. The company may be looking to separate rapid-fire snacking from full-fledged restaurant orders. The move comes at a time when the 15-minute food delivery space is flooded with new entrants, such as Zepto, which led the category with Zepto Café in 2022 and now fulfills over 100,000 daily orders through its standalone app – translating to a $100 million annualised GMV.
View Source
Zomato Pilots Last-Mile Deliveries For Office Goers
Inc42
·
1y ago
Medial
Foodtech major Zomato is piloting a new initiative to offer last-mile delivery to office goers inside corporate parks. The company has set up kiosks in several corporate parks in Gurugram, where delivery executives hand over food parcels to a stationed team. A "walker" is then responsible for delivering the items to the customers on their respective floors or exact locations. Zomato is experimenting with this service and plans to scale it across the top five cities based on the pilot's outcome. The company aims to emulate a similar model seen in China, where delivery teams are stationed at zones with corporations and startups. Zomato has been exploring various offerings to boost its revenue, including a platform fee and partnerships for pre-ordered meal deliveries. The company recently reported a profitable quarter and its shares closed higher on the BSE.
View Source
Ola pilots 10-minute food delivery starting from Bengaluru
Entrackr
·
7m ago
Medial
Ola Consumer, the hyperlocal delivery arm led by Bhavish Aggarwal, has started piloting quick food delivery services in select areas of Bengaluru. The service is being offered through the Open Network for Digital Commerce (ONDC), a government-backed initiative. Under the food delivery section on the Ola Cabs app, Ola claims to deliver food items from various restaurants within 10 minutes. Ola currently offers F&B services via ONDC but only in limited cities. Apart from food delivery, it also offers last-mile logistics services for grocery shopping and pharmaceuticals via ONDC. Inc42 reported the development first. Ola will join the likes of half a dozen companies which have initiated or on the verge of launching their instant food delivery services. On Tuesday, offline discovery and rewards platform Magicpin also announced its quick delivery service MagicNOW, a 15-minute food delivery offering piloted across major Indian cities. The instant food delivery market is growing with quick commerce players like Zepto, Swiggy, and Blinkit leading the segment, while new players such as Swish and Zing gain traction. Ola ventured into the food delivery space in 2017 with the acquisition of Foodpanda for mere Rs 28 crore. The company aimed to challenge Swiggy and Zomato by leveraging its vast driver network. In 2018, Ola further acquired home chef marketplace Holachef to strengthen its position. However, the vertical failed to gain traction. By mid-2019, Ola scaled down Foodpanda's operations, focusing on in-house food brands, and by early 2020, it officially shut down the segment, citing a strategic shift to its core mobility biz. Ola's current foray into 10-minute food delivery seems trend-driven but faces significant challenges, especially with its mobility business struggling.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in