Food Delivery
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Zomato reports third consecutive profitable quarter with INR 138 Cr PAT in Q3 FY24
Zomato, a major player in the foodtech sector, announced on Thursday its third successive quarter of profitability. For the December quarter (Q3) of the...
Tata Neu joins online food delivery race through ONDC integration, posing competition to Zomato and Swiggy
Tata Group is set to make its foray into online food ordering through its super app Tata Neu, utilizing the Open Network for Digital...
Zomato launches ‘Plastic-Free Orders Packathon’ in partnership with Startup India to drive innovation in sustainable food packaging
Food delivery platform Zomato has launched the 'Plastic-Free Orders Packathon' in collaboration with Startup India to foster innovation in sustainable packaging for food delivery...
Swiggy reports robust 40% revenue growth to INR 8,264 Cr in FY23, despite net loss crossing INR 4,000 Crore mark
Swiggy, the Bengaluru-based food delivery giant, saw its net loss cross the INR 4,000 Crore threshold for the financial year ending on March 31,...
Zomato revamps gold loyalty program, discontinues ‘on-time guarantee’ benefits for new memberships
Food delivery platform Zomato has modified its loyalty program, Gold, by discontinuing the 'on-time guarantee' benefits for memberships purchased or renewed from November 25,...
Swiggy breaks new ground: Becomes the first food delivery platform to launch services in Lakshadweep
Swiggy, a leading on-demand convenience platform, is achieving a significant milestone in its nationwide expansion. Coinciding with India's 75th Republic Day celebrations, Swiggy is...
Healthy meal subscription platform The Kenko Life secures angel funding led by R Raghunathan, eyes expansion to Gurgaon and Hyderabad
The Kenko Life, a food delivery platform focusing on health and macro-counted meals, has successfully concluded an angel funding round. The funding was led...
Sovereign investors from Kuwait and Singapore drive Zomato’s stock rally with increased stakes
While Tiger Global, Ant Financial, and SoftBank have divested their holdings in Zomato, large sovereign investors from regions like Kuwait and Singapore have increased...
Paytm se ONDC network onboards popular restos in Bengaluru
Paytm E-commerce Private Limited (PEPL) has onboarded well-known restaurants, including Meghana Foods, Andhra Gunpowder, Leon’s, and Empire Restaurant in Bengaluru, as announced in a...
Zomato’s stock dips 3% following INR 622 Cr block deal transaction
Zomato's stock experienced a nearly 3% decline in early Monday trading, following a block deal involving approximately 4.5 crore shares of the food delivery...
Zomato’s bull run continues as Goldman Sachs and Jefferies raise price targets post HSBC’s lead
Following HSBC, Goldman Sachs and Jefferies have raised their price targets (PTs) for Zomato, a leading foodtech company, due to robust growth in its...
Zomato rolls out ‘daily payouts’ feature, offering enhanced cash flow for emerging restaurants
Zomato, the online food delivery platform, launched a new feature on Wednesday called "daily payouts" to offer support to its emerging restaurant partners.Currently, the...