Page 4 - Food Delivery

Zomato slips 46% so far in 2022 as FPIs, MFs trim stake in March quarter

Shares of food delivery company Zomato hit a new low of Rs 74.65, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has dropped 6 per cent in the past two trading days.

Zomato offset about 500,000 metric tonnes of carbon emissions last year

Foodtech major introduces 100 per cent plastic neutral deliveries

Restaurants oppose Zomato's 'draconian' food quality policy

Budget restaurants and small cloud kitchens may be hit the hardest; NRAI to highlight concerns in a letter to Zomato management

Food delivery apps Zomato, Swiggy hit by hour-long technical glitch

Downdetector, a platform that collects status reports from a series of sources, recorded 3,619 reports of outage against Zomato at 2:05 PM and 771 against Swiggy at 2:21 PM

Unicorn Ventures India leads seed round in food tech startup FairPlum

Fairplum works with the heritage food brands of India, taking dishes from their kitchens and making it available to consumers

MP HM raises safety concerns, asks Zomato to change 10-min delivery plan

He said food delivery persons can reach the destination within 10 minutes only by 'driving rashly and dangerously'

Zomato in a spot as 10-minute delivery plan faces ire from all quarters

Restaurants are, at the moment, averse to the 10-minute delivery plan

Zomato faces backlash on social media over 10- minute delivery plan

Online food delivery platform Zomato was on Tuesday forced to clarify over the road safety of its delivery partners as its plans to start instant 10-minute food delivery faced backlash on social media. Zomato founder Deepinder Goyal, who had on Monday announced the company's plans to start a pilot of 'Zomato Instant' with four stations in Gurugram from next month, took to social media to clarify that there are no penalties for late deliveries and no incentives for on-time deliveries for both 10-minute and 30-minute deliveries. The 10-minute delivery will be for specific nearby locations, popular and standardised menu only, he said in a series of tweets. He was responding to criticism directed to the company over its plans of starting instant deliveries as it would put the delivery partners at risk on the roads. In a post on Twitter, Congress Lok Sabha MP Karti P Chidambaram said, "This is absurd! It's going to put undue pressure on the delivery personnel, who are not employees & ..

Zomato to test food delivery within 10 minutes in Gurugram next month

To pilot service in Gurugram next month

Foodie couple and an online biz delivering sweets, snacks fresh to the door

Mirchi.com serves 20,000 pin codes with a delivery model that promises to bring the delicacies to your door absolutely fresh from across mainland India within 1-3 days

ONDC aims to start operations by August, launch a pilot next month

Apart from retail, network to also include food delivery, travel, tourism & wholesale trade

Swiggy expects 2 mn Instamart cloth bags returned per month by end of year

Across 19 cities today, Swiggy Instamart consumers can return the extra bags through the Swiggy delivery executive

Global food delivery firm Deliveroo launches engineering centre in India

The Engineering Centre in Hyderabad will be a core part of Deliveroo's central technology organisation.

Food delivery giant Swiggy's revenue drops 23% in FY21 to Rs 2,145 crore

The company is strengthening its investment in the broader ecosystem

Food delivery startup RailRestro sees 50% decline in sales amid Covid surge

The IRCTC-authorised food partner has termed the present crisis as a "blip"

'We are adequately capitalised': Zomato CEO to employees amid market fall

Goyal said that the fall in market was due to the global sell-off in growth tech stocks

Swiggy raises $700 mn in new funding round led by Invesco

The funding round saw participation from new investors such as Baron Capital Group, Kotak, among others.

Uber rival Bolt raises $711 million at valuation of over $8 billion

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.

Swiggy receives 9,500 orders per minute on New Year's Eve

'This year we exceeded all our plans by a big margin and were overwhelmed by the customer response,' the company said in a statement

Zomato, Swiggy hit 2 mn orders each on New Year's Eve as India stays home

Zomato logs 6,000 orders per minute at around 7pm; Swiggy says it hit 6,600 orders per minute.