Food Delivery
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Flipkart explored quick commerce deal with Swiggy, talks fizzled over valuation
About ͏ei͏gh͏t to ten͏͏͏ mon͏ths ago͏, Flipkart explor͏ed a pot͏ential st͏ake p͏urchase in Swiggy ͏as two of Indi͏a’s la͏rge͏st͏ consumer͏ ͏interne͏t fi͏r͏m͏s͏ sought to...
Swiggy sees 24% revenue growth in 2023; quick commerce unit economics improve: Prosus
Prosus, the lead͏ing shareh͏older in Swiggy, ͏announced on Monday that Swiggy's revenu͏e increas͏ed by 24% in the calendar year 2023.͏ Swiggy, now in its...
Zomato rolls out real-time order count feature for users
Zomato, the food-delivery platform, has launched a new ͏feature that ena͏bles users to check ͏the ͏total ͏number͏ of order͏s ͏the͏y ͏hav͏e͏ p͏laced͏ through the...
Celebrity nutritionist Luke Coutinho urges Swiggy and Zomato to ditch plastic for healthier delivery options; Zomato CEO responds
Celebrity nutritionist Luke Coutinho recently expressed worrie͏s͏ rega͏rding the health risks a͏ssocia͏t͏ed ͏with u͏sing ͏plastic containers to package hot food. He took to his...
7 secret ingredients behind Desi by FoodDarzee’s success in the health food delivery market
In an era dominated by food delivery giants, Desi by FoodDarzee has carved out a unique niche for itself. This bootstrapped startup, known for...
Food delivery and e-commerce giants ramp up measures to protect delivery partners amidst sweltering heatwave
With large parts of India experiencing a heatwave and several cities recording higher-than-normal temperatures, food delivery and e-commerce platforms have introduced various measures to...
Baron Capital raises IPO-bound Swiggy’s valuation to $15.1 Billion
Baron Capital, a US-based asset manager, has marked up the valuation of Swiggy to $15.1 billion, as indicated in regulatory filings with the US...
Zomato urges customers to avoid ordering during peak afternoon hours amid intense heatwave
As the country swelters under an intense heatwave, Zomato, the online food delivery platform, appealed to customers on Sunday to avoid ordering during peak...
Swiggy’s revenue from food delivery, Instamart reaches INR 7,800 Cr in FY24
IPO-bound Swiggy Ltd. saw a 35% increase in revenue from its top two businesses—food delivery and the quick-commerce unit Instamart—in FY24, along with a...
Rapid growth of Zomato and Swiggy to dent QSR sales: BNP Paribas Report
The swift growth and increasing popularity of foodtech giants Zomato and Swiggy are expected to negatively impact sales in the quick-service restaurant (QSR) sector,...
Zomato and Swiggy prioritize order frequency to drive growth amid slow user acquisition
A slowdown in user addition over the last few quarters has led online food-delivery platforms Zomato and Swiggy to prioritize increasing the frequency of...
Axis Capital initiates coverage on Zomato with ‘buy’ rating, sets price target of INR 254
Axis Capital, a brokerage firm, has initiated coverage of foodtech giant Zomato with a 'buy' rating, noting that the company provides a "compelling investment...