Food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service
The market capitalisation of the company touched Rs 1.08 trillion in intra-day trade today
Well networked, they deliver packaged food swiftly, at the right temperature and under stringent hygiene and safety protocols; they also reach medicines, clothes and documents to the customer
Falcon Edge Capital, Think Investments, Goldman Sachs are among the new investors in the food delivery platform whose valuation is nearing $5 bn
Swiggy, the on-demand delivery platform on Wednesday announced that it will vaccinate over 2,00,000 delivery partners against Covid-19
A failed venture, a tryst at Flipkart and the blow of the pandemic all provided learnings to the IIT grad, who is now well on his way to make his enterprise a success story
This comes in a bid to deliver greater value to more users
An entire section of working professionals, students and even senior citizens are dependent on home food service providers for their daily meals
Swiggy also planning fuel-related incentives for riders
The firm said it restructured its delivery partner remuneration to factor in the fuel price hike, a move that will increase their earnings by 7-8 per cent
Ahead of its expected IPO, investors such as Kora, Tiger Global and Fidelity have made fresh investments in the Deepinder Goyal-led foodtech company
In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments
The Gurugram-based firm had cut 13 per cent jobs in May due to the impact from Covid-19
Grofers co-founder Dhindsa has made a name for himself in the food delivery sector
The 13 consortia that have been made the cut need to perform long-range flying tests for 100 hours each and submit the reports to the aviation regulator by the September last week
Food delivery giants such as Swiggy and Zomato are also aggressively coming up with new technologies and innovations to address the huge disruption in their business models
Tech giant's food delivery service comes when major players in the space are reeling from Covid-19 impact
To ensure safe delivery of alcohol in compliance with applicable laws, Swiggy has introduced measures such as mandatory age verification and user authentication to complete deliveries
Firm also working on weeding out fake or paid reviews using machine-learning algorithms
Amazon launched its Prime services in India in 2016 and already offers services such as video and music streaming as well as grocery delivery in many cities across the country