Page 5 - Food Delivery

Multiple margin levers ahead for food delivery platform Zomato's stock

It had begun levying a convenience fee of Rs 2 per order from August 2023, which was subsequently raised to Rs 3 per order

Food, quick delivery platforms clock all-time high orders on New Year's Eve

While Bengaluru, New Delhi, and Mumbai saw the highest number of orders among the metros, cities such as Jaipur, Chandigarh, and Ahmedabad too witnessed significant demand

Food delivery app Zomato gets Rs 402 cr show cause notice over unpaid GST

Zomato said that it was not liable to pay any tax on delivery charges as it was collected on behalf of the delivery partners

Swiggy unveils Pockethero, food delivery for budget-conscious customers

Pockethero offers free delivery and up to 60 per cent discounts to ensure significant customer savings

Slice of success: Have Zomato, Swiggy finally figured out the right recipe?

Zomato reported its first-ever profit of Rs 2 crore in Q1 FY24

Zomato's superior execution should hold it in good stead; stock up slightly

Zomato's share loss could be attributable to decisions like the temporary suspension of its loyalty membership programme and the shutdown of operations in 225 cities

Swiggy's food delivery business grew 17% to $1.43 bn in H1 FY24: Prosus

Online aggregator's operating metrics improved and loss reduced, says investor

Magicpin food delivery order doubles to 1 mn on ONDC during World Cup

Hyperlocal startup magicpin on Thursday said that food delivery orders jumped by more than twofold to 10 lakh during the cricket World Cup matches on government-backed Open Network for Digital Commerce (ONDC) network compared to the monthly average. Magicpin said that it delivered 35,000 food orders during the India versus Pakistan match on October 14. The orders peaked at 50,000 on a single day during the India versus Australia match.. "Magicpin has crossed 10 lakh food delivery orders for the entire duration of the World Cup between October 5 and November 19. The number of orders soared beyond expectations as ONDC's demand grew on magicpin's own buyer app and through other large buyer apps like Paytm, Phonepe's Pincode and Ola, the company said in a statement. The company had earlier announced to offer discounts worth Rs 50-100 crore at the beginning of the World Cup to cricket fans on food delivery as well as other categories such as dining out, fashion and grocery, making this .

Why Zomato's side ventures may outshine its core food delivery business

According to Deepinder, in some of these cities, Blinkit's GOV, which is growing at more than 80 per cent, is already more than Zomato's

Swiggy raises platform fee by 50% to Rs 3 on food delivery orders

Swiggy had begun levying a platform fee to its customers in April regardless of the order value

Swiggy One Lite membership launched for Rs 99, offering discounts

This membership includes free delivery, extra benefits in food, and grocery, and 30 per cent extra discounts across over 20,000 restaurants

Ola launches all-electric on-demand parcel delivery service in Bengaluru

The Ola Parcel service will be available across Bengaluru at prices which will be as low as Rs 25 for 5 km, Rs 50 for 10 km, Rs 75 for 15 km, and Rs 100 for 20 km

Blinkit to deliver iPhone 15 and iPhone 15 plus within 15 minutes

The company has roped in Apple premium reseller Unicorn to deliver the devices, which are available to customers in Delhi NCR, Mumbai, Pune and Bangalore

Swiggy accused of charging Rs 3 extra on orders, company says 'tech bug'

Swiggy had been accused of rounding up the bill total to the nearest whole number and adding Rs 3 to customers' order value

Now, customers can tip kitchen staff through Zomato: Details here

Zomato that the new feature will allow customers to "seamlessly express gratitude for their food deliveries, an option that was limited to traditional dining-in experience

Jupiter ropes in Swiggy's Anuj Rathi as chief product and marketing officer

With over 18 years of experience, the IIT-Kanpur graduate brings extensive knowledge and insights from his tenures at leading companies such as Swiggy, Flipkart, and Walmart

Justmyroots buys The State Plate to expand intercity food delivery service

With the acquisition, the company said customers can anticipate a broader range of high-quality, non-perishable food items as it enters the regional packaged food sector

Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya Tech

At Aaritya, Vaz is now building a new-age trading platform for individual investors to help them trade and invest

Monthly income of food delivery workers fell 11% over 3 years: NCAER

The report also mentions that the food delivery platforms have helped create jobs for young workers in Tier-II and Tier-III cities

Food delivery platforms should help gig workers on e-Shram portal: NCAER

Economic think tank NCAER on Monday suggested that food delivery platform operators should ensure their gig workers register themselves on the e-Shram portal, and also help them enrol in PDS, Ayusham Bharat scheme and Atal Penson Yojana. Noting that the government is the best medium to provide social security to gig workers, the NCAER study also said platform companies should provide additional revenue to the government to finance the social security in a centralised fashion. According to the NCAER's report on 'Socio-economic Impact Assessment of Food Delivery Platform Workers', 61.9 per cent of the workers received rations, only 12.2 per cent of them have an Ayushman Bharat card, 7.1 per cent are registered on the e-Shram portal and 4 per cent have the Atal Pension Yojana. "Platform companies should ensure that workers are enrolled on the e-Shram portal and help them enrol on PDS, Ayusham Bharat/State Health Scheme and Atal Penson Yojana at the time of enrolling them," said the stu