Alibaba is the first foreign company to openly claim it's ready to accept the data localisation rules, while other prominent giants like Amazon, Microsoft, American Express, Google and Facebook have shown reluctance.

Ola's latest round of funding from the two Chinese investment firms comes when the company is eyeing expansion across India and abroad.

The latest change has not gone down well with Zomato Gold users, with most of them taking to Twitter to express their disapproval.

Section 377 and the judgment was one of the most-talked about topics on social media on Thursday.

FSSAI issued a directive to food service providers such as Swiggy, Zomato, UberEats, Foodpanda to delist businesses without FSSAI licence following complaints of sub-standard food.

This development comes a little over two months after Swiggy's $210 million Series G round in late-June, which propelled it into the much-coveted unicorn club.

The company said in their blog that Paytm would match amounts up to Rs 1 crore from their side.

In this round of investment, some early employees of Ola, including Rehan Yar Khan and VC investors like Accel India, Bessemer Venture Partners, Texiforsure founders Aprameya Radhakrishna and Raghunandan G, etc, will sell some of their shares in Ola.

This will be Swiggy's third round of funding this year. People in the know said that some of the company's early investors may sell their shares this round.

The draft will come into play with a range of checks from FDI, local storage of data, grievance redressal to protection of consumers and small and medium enterprises.

Swiggy that fulfills around 14 million orders every month is planning to grow their business vertical to almost 15-20% of their revenues in the next two years.

What the food delivery apps are offering these executives is impacting everybody and delivery partners are switching to Swiggy, Zomato and the ilk because of the lucrative pay.

Swiggy, UberEats, Zomato, Box8, Fasoos, FoodCloud, Foodmongo, Foodpanda, JusFood and LimeTray have been told to delist restaurants/hotels without FSSAI licence as there were complaints of such entities being listed and allowed to sell their food through e-commerce food service platforms.

The Gurgaon-based restaurant discovery and food delivery firm has been on an expansion spree in recent times with a record increase in its monthly order volume and hence is increasingly looking to strengthen its core teams

The first six months of 2018 has so far seen investments worth $3.6 billion made across 411 deals in startups; in 2017, there were 571 deals in the space totalling investment of $5.6 billion

The unicorns-in-the-making hail from diverse sectors such as software, logistics and fintech, thereby widening the pool beyond online commerce and advertising models.

The stock closed at 1208 level, higher by 32.50 points on the BSE. It rose up to 9.5% in early trade, hitting an intra day high of 1288.35 level on the BSE.

Founded in 2008, PolicyBazaar has raised a total of $366 million through half a dozen funding rounds, excluding the seed funding round, added the spokesperson.

Food delivery is demonstrating scale as a business. According to RedSeer Consulting, the online food delivery market in India totalled $0.3 billion in 2016. A CAGR of 90 per cent is expected to take the segment to $4 billion by 2020.

The online food delivery market in India totalled $0.3 billion in 2016. A CAGR of 90 per cent is expected to take the segment to $4 billion by 2020.