Analysts say that due to IPL event food delivery volumes are seeing a jump and foodtech companies are capitalising on that demand
The development comes after the company, in August, said around 40 per cent of the dining out restaurants may not reopen at all owing to the disruption caused by the Covid-19 pandemic.
Delhi and Mumbai are nearing full recovery at around 95 per cent of the pre-Covid levels
Food delivery service company Swiggy on Thursday put out a statement clarifying that most of their delivery partners have made Rs 45 per order in the last week.
Tapping small-tier cities, leveraging cloud kitchens to drive long-term growth for sector, says study
This comes just two months after the Bengaluru-based firm said it was laying off 1,100 employees
Five star hospitality chains have launched new food and delivery labels to service customers at home. Does this strengthen, or dilute their brands?
The earnings before interest, taxes, depreciation, and amortization (EBITDA) in the last financial year stood at around Rs 2,200 crore, Zomato said in its performance report.
Swiggy acquired Scootsy in 2018 for around Rs 50 crore and had said at that time that the Mumbai-based firm will continue to operate as an independent app after the acquisition
Postmates is alternatively exploring various paths to go public
In the last few months, Amazon has added hundreds of towns like Bharatpur, Bilaspur and Mirzapur to help customers order groceries online and get safe doorstep delivery.
Packaging innovations that ensure safety and damage-free, clean delivery are emerging as new avenues for brand building
Cloud kitchens are essentially low-cost models where kitchens in places with cheap real estate are rented out, and from which deliveries are fulfilled mostly through an aggregator.
Swiggy said important elements such as safety kits required for implementing hygiene protocols, and business booster programmes that improve visibility will be offered at heavily subsidized rates
The Tata group's hospitality arm posted an over 24 percent jump in net profit for the year ended March at Rs 363.74 crore, as compared to Rs 296.12 crore in the previous fiscal.
Pepsi, Coke, Britannia, Kwality Walls and a host of other brands line up for e-stores on delivery apps, rethink visual identities, and the retail experience
As India goes from Lockdown 4.0 to Unlock 1.0, anxiety about health, finances and family continues to be the overriding emotion for those stuck at home
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
Firm also working on weeding out fake or paid reviews using machine-learning algorithms
Doorstep delivery is the biggest opportunity thrown open by the coronavirus crisis. Inevitably, new leaders will emerge in this landscape