Zomato

Online food ordering, restaurant listing and food delivery service Zomato has introduced online payments for ordering food in select restaurants in India, reports Inc42. The latest version of the iOS and Android applications allows users to pay for orders through debit cards, credit cards and net banking. The report added that Zomato has partnered with PayPal to enable online payments.

Users can either scan their card details or enter them manually. The company also introduced Zomato Credits where users could get referral points and refunds. The report also added that Zomato could start introducing promotion codes.

zomato cards

The Gurgaon-headquartered company launched a separate app for ordering food called Zomato Order in May. Note that currently, users can only pay through cash on delivery through this app and online payments doesn’t show up on it yet.

Zomato’s Pay with Cashless system was launched in Dubai in April this year, and was expected to be launched in India too. This online payment product allowed a user to open a tab by visiting the Cashless integrated restaurant’s page on the Zomato app and tapping on “Pay with Zomato Cashless”.

MaplePOS acquisition: In April, Zomato  acquired cloud-based restaurant point-of-sale (POS) product MaplePOS for an undisclosed amount. Zomato, which has a presence in 22 countries, has already renamed MaplePOS to Zomato Base. Base is an Android-based POS system that uses custom hardware and offers restaurants features such as menu and inventory management, and has a built-in payment solution to accept debit and credit card payments, recipe Management, customer relationship management, data analytics among others.

Competition

– Mumbai-based TinyOwl launched its services in Chennai. The app is now available in 7 cities including Mumbai, Delhi, Hyderabad, Pune, Bangalore and Gurgaon.

– In February, Rocket Internet-backed FoodPanda took over UK-headquartered JustEat’s India operations. This deal came three months after FoodPanda had acquired Delivery Hero-backed TastyKhana in November last year.

– In June, Bangalore-based food delivery service Swiggy has raised Series B funding worth $16.5 million led by Norwest Venture Partners, with participation from existing investors SAIF Partners and Accel Partners and an undisclosed entity. Swiggy will use the funds for expanding to other cities and brand marketing.

– Mumbai-based Holachef raised Rs 2 crore in seed funding from India Quotient. The platform had said then that it was looking to raise a further Rs 20-30 crore in the coming months.

– Former Times Internet CEO Rishi Khiani’s AntFarm had acquired the food delivery service Meals on Wheels for an undisclosed amount in November last year. The company then launched a redesigned version of Meals On Wheels website that allows users to search for their preferred restaurants, cuisines or dishes and place orders.