Zomato added that it would work closely with its restaurant partners to establish the genuineness of any complaint received
Budget restaurants and small cloud kitchens may be hit the hardest; NRAI to highlight concerns in a letter to Zomato management
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
Twitter posts were flooded with complaints from users unable to place orders or browse menus and listings.
Competition watchdog to probe Swiggy and Zomato for alleged unfair practices with respect to pricing and listing of restaurants on their platforms
Business Standard brings you the top headlines on Tuesday
In the past three months, Zomato has underperformed the market by falling nearly 40 per cent, as compared to a 0.4 per cent rise on the S&P BSE Sensex.
CCI said allegations such as delayed payment cycle, imposition of one-sided clauses and exorbitant commission require investigation
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
He said food delivery persons can reach the destination within 10 minutes only by 'driving rashly and dangerously'
Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery.
Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service
CLOSING BELL: Dr Reddy's Labs (up nearly 5 per cent) was the top Nifty gainer today, followed by Coal India, Hindalco, Cipla, NTPC, JSW Steel, Tech M, and RIL
Pandemic disrupted the markets' dream run and led to loss of lakhs of jobs in the informal sector. But it also gave rise to jobs in the gig economy. Find out more about this sector and its workers
3 govt officials with direct knowledge of the decision say the plan had been put on hold as govt believes there's enough depth in local capital markets for firms to raise funds and get good valuations
Is Zomato's 10-min food delivery a game-changer? What is attracting IT giants to smaller cities? Are the markets pricing in fuel-led inflation? What are hypersonic weapons? All answers here
Post demerger, GMR Power and Urban Infra, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards.
Zomato on Monday promised to deliver food within ten minutes of ordering, arguably becoming the first company in the world to do so. So, what does it mean for the food delivery ecosystem?
Restaurants are, at the moment, averse to the 10-minute delivery plan