Food Delivery
Breaking News
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...
Zomato continues experimenting new initiatives, rolls out new feature to help users make healthier food choices
After expanding its priority delivery services to Delhi, Hyderabad, and Pune, Zomato, the foodtech giant, has now rolled out a new feature to aid...
After successful trial run, Zomato expands priority food delivery service to Delhi, Hyderabad, and Pune
Several weeks following the trial run of its priority food delivery service in select areas of Mumbai and Bengaluru, Zomato, the foodtech giant, has...
Bernstein raises Zomato’s price target to INR 230, upholds ‘OUTPERFORM’ rating following strong Q4 results
After reviewing Zomato's Q4 results, brokerage firm Bernstein upheld its "OUTPERFORM" rating for the foodtech company's stock and increased its price target (PT) from...
Zomato expands beyond food, launches free weather monitoring service with 650 stations
Zomato, the online food delivery platform, has launched Weather Union, a crowd-supported weather infrastructure boasting over 650 on-ground weather stations.According to Deepinder Goyal, Founder...
Blinkit more valuable than Zomato’s food delivery business: Goldman Sachs
Hyper-local delivery company Blinkit is now valued higher than Zomato's core food delivery business, as per a recent report by Goldman Sachs. Goldman Sachs...
Zomato tests priority deliveries in Bengaluru, Mumbai with extra charges
Continuing its streak of experiments, foodtech major Zomato is now testing a new feature in parts of Bengaluru and Mumbai that offers priority deliveries...
PhonePe’s Pincode streamlines e-commerce strategy, exits non-food categories on ONDC network
Walmart-backed PhonePe is revamping its ecommerce strategy on the Open Network for Digital Commerce (ONDC). It is discontinuing several categories such as fashion, grocery,...