Of late, food delivery companies in India have been restructuring their operations, cutting down on discounts and raising take rates. This is an outcome of a tough funding environment as investors have started questioning them on unit economics. Despite a tough fund raising
environment, Swiggy and Freshmenu in the food delivery space managed to raise funds in January, which should give them some more breathing space.
Similarly, Housing.com raised funds from Softbank to support its operations post the management exodus.
