Page 2 - Online Food Delivery

Zomato gains 7% on heavy volumes; stock rebounds 73% from record low

The average trading volumes on the counter more-than-doubled with a combined 155.71 million shares changing hands on the NSE and BSE till 02:59 PM

Delivery execs' well-being a priority, have Rs 1 L medical cover: Zomato

The delivery giant also offers Rs 5,000 worth of Out-Patient Department (OPD) support, which can be extended to their families

Swiggy, Zomato make it to top 10 global online food delivery firms: Report

Homegrown online food delivery platforms Zomato and Swiggy have made it to the list of the world's 'Top 10' e-commerce-based food delivery companies, says a new report

Zomato unveils Healthy-er food options for customers in ten cities

According to Zomato, the new Healthy section offers an assortment of filters such as High Protein, Low Calorie, Low Carbs, Low Fat, High Fibre, etc. and provides nutritional information

Zomato's new pilot on inter-city food delivery is not an easy nut to crack

Last week, Zomato said it is foraying into the same model, piloting food delivery with 'Intercity Legends'

'Middlemen' Swiggy, Zomato win once again, restaurants bear the brunt: NRAI

Association details the impact the new discount programmes of these two entities could have on eateries

Quick commerce not just a fad, here to stay, says Jefferies report

The Jefferies report was based on a visit to one of Blinkit's dark stores in NCR

High commissions by Swiggy, Zomato have restaurants turning to alternatives

New players like Thrive and DotPe, which charge less, are emerging as alternatives

Zomato launches 'intercity legends', now order from anywhere in India

Order popular, authentic dishes from anywhere and have them delivered to your doorstep

Zomato to focus on food delivery, Hyperpure and quick commerce: Chairman

Online food delivery platform Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, company Chairman Kaushik Dutta said on Tuesday. In his address to shareholders at the company's annual general meeting, Dutta said the move was part of strategy to focus "only on areas that have the potential to become meaningfully large businesses ten years from now". In FY22, he said Zomato was able to achieve strong top line growth while keeping its "adjusted EBITDA burn under control", despite multiple challenges such as disruptions due to Covid-19 pandemic, macro-economic uncertainty, rising inflation, fuel prices, among others. This year after reflecting on the strategic priorities as a company, given the size and scale of the platform now, Dutta said it was decided that the focus would be only on areas that have the potential to become meaningfully large businesses ten years from now. Subsequent

Swiggy Instamart delivered 50 mn egg, 30 mn milk orders in past two years

Some 62,000 tonnes of fruits and vegetables were ordered on Instamart during the past year. This is the weight of about 15,500 Asian elephants, Swiggy said

DoorDash confirms data breach through phishing, customers' data exposed

Online delivery giant DoorDash has confirmed that it has been hit by a data breach, which has affected several customers and merchants

Swiggy allows employees to work outside company to make more money

It said this could encompass activity outside of office hours or on weekends that does not impact their productivity on full-time job or have a conflict of interest with company's business in any way

Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY

Analysts expect the Gurgaon-based firm's net loss to contract to Rs 315 crore in Q1FY23 from Rs 360.7 crore in the year-ago period.

Swiggy announces permanent work-from-anywhere policy for most roles

Corporate, central business and tech teams will converge once a quarter at their base locations for a week to promote in-person bonding; it's work from office for partner-facing employees

Zomato tanks 14%, hits new low as lock-in for pre-IPO investors ends

That apart, according to Reuters, Domino's Pizza India franchise to consider taking some of its business away from popular food delivery apps, Zomato and Swiggy, if their commissions rise further.

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

Zomato's Blinkit acquisition may delay its road to profitability: Analysts

Due to limited financial and operating data, and intense competition, we forecast Blinkit to turn profitable only by FY27. Thus, he path to profitability for Zomato may get extended from FY25 to FY26

TMSEp194: Job announcement, food delivery apps, markets, economy categories

What is PM Modi's 'one million job' drive? Why's govt asking food apps to ramp up complaint-redressal? Will US Fed rate hike trigger market selloff? What are the different economies? Answers here

Why's govt asking food delivery apps to ramp up complaint redressal system?

The govt has asked food business operators like Zomato and Swiggy to submit a proposal on improving their consumer grievance redress mechanism and breakups of all the charges. Let's find out more