Page 2 - Food Delivery

Here's why a lot can go wrong when everything arrives in just 10 minutes

To have at least half a dozen options for quick commerce is a good thing in an economy where concentration of large monopolies and duopolies is on the rise

Swiggy cuts IPO valuation again, to $11.3 bn, BlackRock and CPPIB to invest

Swiggy does not want a bad IPO, a source said. Its last funding round, led by Invesco, valued it at $10.7 billion in 2022

IPO-bound food delivery app Swiggy launches XL EV fleet for bulk orders

Swiggy's new XL fleet includes 20 specially designed electric vehicles that cater to large orders

Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

Fast food delivery saves time but costs consumers Rs 9K-11K crore annually

A report reveals that food aggregators' pricing models include small, seemingly negligible fees, which can add up significantly, affecting consumers' wallets without immediate notice

Zomato bans AI-generated images from food menus to preserve authenticity

Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato

Zomato teams up with IRCTC to offer food delivery service on trains

This collaboration aims to transform train journeys, enabling passengers to enjoy a variety of dishes from the comfort of their train seats

Swiggy rolls out 'incognito mode' to help users order food discreetly

Available on both Swiggy Food and Instamart, incognito mode ensures that users can place orders and keep their selections confidential

Zepto set to enter buy now, pay later segment with 'Zepto Postpaid'

Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl

Food delivery platform Zomato eyes a new 'District' with third super brand

In this regard, Zomato's strategy differs greatly from that of its unlisted rival, Swiggy, who is trying to integrate all of its offerings under one 'super app'

Food delivery giant Swiggy targets $15 billion valuation in India IPO

One of the sources said Swiggy aimed to use IPO proceeds to expand its quick commerce Instamart business and open more warehouses to better compete with Zomato

Zomato shuts down intercity 'Legends' services with immediate effect

Zomato had launched its intercity food delivery service in August 2022 to offer consumers delicacies from across ten cities in India from the comfort of their homes

Heavy rains impact food delivery and quick commerce in north India

Poor road conditions and waterlogged streets amid heavy rainfall have led to an increase in undelivered orders

Zomato collected Rs 83 crore in platform fee from customers till March

Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24. "Adjusted Revenue as a percentage of GOV (gross order value), continued to increase primarily due to increase in restaurant commission take-rates, improvement in ad monetization and introduction of platform fee from Q2FY24 onwards," the report stated. All of these factors more than compensated for the reduction in customer delivery charge per order due to the free delivery benefit available on Gold orders, it added. Interestingly, most late night orders in the last fiscal year came from Delhi NCR, while most breakfast orders came from Bengaluru, Zomato shared in the report. The food delivery aggregator began levying platform fee at Rs 2

With open arms: How far can ONDC democratise ecommerce in India?

ONDC promotes open networks for exchange of goods and services digitally, its platform-agnostic architecture allows buyers and sellers to transact irrespective of the platform they use

Six out of top ten most ordered items on Swiggy are vegetarian: Report

The report added that as many as 90 per cent of breakfast orders recorded were vegetarian. Masala Dosa, Vada, Idli, and Pongal topped the morning order charts

Magicpin to invest Rs 100 cr to onboard new food delivery partners on ONDC

Hyperlocal e-commerce firm magicpin plans to invest Rs 100 crore over the next three months to onboard over 1 lakh new restaurants and cloud kitchens on the government-backed e-commerce platform ONDC, the company said on Sunday. magicpin will invest funds towards offering onboarding incentives like zero commission, zero onboarding fees, and free home delivery, among others, for customers by newly partnered restaurants. "Our goal is to provide a risk-free entry to promote the participation of food merchants and restaurants in the digital economy by eliminating entry barriers such as high commissions and onboarding fees, and committing Rs 100 crore towards this initiative," magicpin CXO - Enterprise Brands Naman Mawandia said. magicpin is one of the leading seller apps on ONDC. Its food tech vertical competes with food delivery apps like Swiggy and Zomato. "We aim to not only accelerate the adoption of online food delivery among diverse restaurant partners, thereby benefiting the ...

Zomato rolls out 'Brand Packs' to reward repeat orders from restaurants

Zomato's new 'Brand Packs' feature aims to boost customer loyalty for more than 4,000 restaurants on the food delivery platform

Viral video: Ola delivery partner caught red-handed eating consumer's food

A Noida-based entrepreneur shared that an Ola food delivery partner demanded an extra Rs 10 to deliver the order and then kept him waiting for almost 45 minutes

Zomato increases platform fee to Rs 6 in Delhi, Mumbai, Bengaluru

Food-delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru. Its rival Swiggy, which had also increased the platform fee in select cities on Sunday, reverted to charging Rs 5 per order on Monday in Delhi, Mumbai and Bengaluru, as shown on its app. When contacted to ascertain the reasons for the hike, both Zomato and Swiggy declined to comment. The two companies had introduced platform fees last year, initially at Rs 2 per order, which has been increased gradually. Platform fee is treated as one of the ways in which food-delivery platforms are trying to increase their profitability, with a duopoly in place as Zomato and Swiggy are the key players in the segment.