Page 6 - Food Delivery

Swiggy restarts IPO plans, aims for July-Sept 2024 stock market listing

Swiggy in May said its core food delivery business had turned profitable, nine years after starting operations, even as its newer grocery delivery service, Instamart, continues to make losses

Zomato's 'surprise' faster profit timeline may help serve more gains

Zomato's food delivery revenue (excluding delivery charges) grew 17 per cent Q-o-Q and 28 per cent Y-o-Y

Zomato hits over 1-year high on extended buying; up 101% from 52-week low

The stock hit a 15-month high of Rs 86.37, gaining nearly 2 per cent on the BSE in Friday's intra-day trade

Swiggy announces second tranche of ESOP buyback plan totaling $50 mn

Employees who moved from Dineout after Swiggy bought it last year, will also be eligible for the liquidity programme

Zomato temporarily suspends rollout of UPI enrolment for new users

The rollout is on hold as the company is working to improve the onboarding process

Rebel Foods enters Saudi, aims to build $100 mn food delivery biz in 3 yrs

Home-grown food-tech company Rebel Foods, with brands like Faasos and Behrouz Biryani, on Monday announced its foray in Saudi Arabia and said it aims to become a USD 100 million food delivery business over the next three years. This foray is in partnership with Dubai-headquartered KitchenPark and dynamic Saudi entrepreneur, Fahad Al Hokair-founded Kitch, it added. The company launched two cloud kitchens in Riyadh located in Sulaymaniyah and Qurtoba which will offer Rebel's signature brands such as The Messy Burger, Oven Story Pizzas, Fricken' Fried Chicken and The 500 Calorie Project, the company said in a statement. This will be closely followed by the launch of Behrouz Biryani, Faasos and Mandarin Oak, which are Rebel's popular brands in the Indian and Chinese cuisine markets in the Middle East. "The Middle East or the MENA market is a key region for Rebel Foods and we are investing significantly to build our cloud kitchen network and to strengthen our brands," Rebel Foods CEO -

Zomato is now allowing its users to build multiple carts at one time

The feature, introduced as part of its latest app update, will help users to build carts from up to four restaurants

Vaisno Devi Shrine Board partners with DTDC for delivery of prasad

Vaishno Devi devotees will now get a "speedy delivery" of prasad boxes to their homes through the DTDC courier service, officials here said on Wednesday. Acting on a suggestion by Jammu and Kashmir Lieutenant Governor Manoj Sinha, the Shri Mata Vaishno Devi Shrine Board (SMVDSB) has partnered with courier service DTDC Express Limited to expedite the delivery of prasad boxes, they added. The partnership will revolutionise the logistics and delivery of prasad boxes to devotees of Mata Vaishno Devi across the country, SMVDSB Chief Executive Officer Anshul Garg said. "Undertaken as per the directions of LG Manoj Sinha, this initiative of the board will facilitate speedy receipt of the prasad boxes", Garg said after inaugurating the delivery service in the presence of Manish Jain, sales director at DTDC Express Limited, Katra. He launched the service with the dispatch of prasad-laden vehicles through the courier service to various destinations. The 'pooja prasad' home delivery servic

US-based food ordering firm Grubhub to lay off 15% of its workforce

US-based online food ordering company Grubhub has announced to lay off about 15 per cent of its workforce, or nearly 400 employees, to maintain "competitiveness" in the market.

ONDC limits discounts to Rs 100 per order in new incentive scheme

The cap for maximum price incentive has been fixed at Rs 100 per order and it should not exceed 50% of the order value, including shipping charges

Zomato narrows losses to Rs 188 cr in Q4, expenses fall to Rs 2,431 cr

Firm announces three top-level appointments

Swiggy's food delivery business turned profitable in March: CEO Majety

Rare for global food delivery platforms to achieve profitability in less than 9 years, he says

E-Commerce: Are open digital markets the next big thing in India?

Unbundling e-commerce in India could upend billions of dollars of investment

Can ONDC upset Swiggy/Zomato duopoly to disrupt the food delivery market?

Although ONDC's hyperlocal tilt gives small sellers effective inroads in e-commerce, disruption in food delivery market will be contingent on building scale, meeting quality set up by Swiggy, Zomato

Suneil Shetty backed zero fee food delivery app Waayu launches in Mumbai

Waayu's launch comes at an interesting time when the government-backed Open Network for Digital Commerce platform is gaining more traction, following Swiggy's decision to charge Rs 2 platform fee

Swiggy, Zomato may not offer steep discounts after govt-backed ONDC move

E-food delivery majors may instead partner the govt network

Swiggy expands its premium food delivery service Gourmet to 31 cities

This comes days after Swiggy closed down its premium grocery delivery offering, Handpicked, just six month after it was introduced as a pilot in Bengaluru

Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23

This is an increase of around 10% when compared to the FY 2021-2022

Swiggy's new Rs 2 'platform fee' on food delivery order irks users

The move has drawn the ire of many Swiggy users, who took to Twitter to voice their complaints

Zomato, Zypp join hands to deploy 100K e-scooters for last-mile delivery

Zomato says association will enable it to 'significantly reduce carbon emissions'