Food Delivery
Breaking News
Swiggy ropes in Anand Kripalu to steer the board ahead of IPO
On Wednesday, Swiggy, the online food and grocery delivery startup, announced the appointment of Anand Kripalu, former managing director and chief executive of Diageo...
Fantuan secures $40 Million in funding to deliver authentic Asian cuisine globally
When individuals relocate from China to other countries, one aspect they often long for is the convenience offered by food delivery applications. Over the...
Online grocery market in India takes a hit as consumer preferences shift to local markets
The online grocery market in India, propelled by quick-commerce platforms and experiencing a surge since the COVID-induced lockdown in 2020, is now showing signs...
Zomato and Swiggy to engage with tax authorities over INR 1,000 Crore GST notices on delivery fees
Zomato and Swiggy intend to engage with goods and services tax authorities to clarify their stance following the issuance of notices demanding taxation on...
Magicpin’s food delivery orders skyrocket to 1 Million on ONDC network amidst cricket World Cup frenzy
Magicpin reported on Thursday that food delivery orders soared by over twofold to one million during the cricket World Cup matches on the government-backed...
Zomato stocks take a hit as tax notices over non-payment of GST rattle investors
Zomato’s shares opened flat on Thursday, as reports emerged about tax notices being served to food delivery aggregators Zomato and Swiggy over non-payment.As of...
SoftBank to reduce stake in Swiggy as food delivery platform gears up for $1 Billion IPO
Swiggy, the leading food delivery platform, is gearing up for its stock market debut around mid-2024. Touted as the most substantial initial public offering...
Grab Holdings achieves first-ever adjusted profit amid intense market rivalry
Grab Holdings Ltd posted its first-ever adjusted profit, a milestone for the decade-old Southeast Asian ride-hailing and food delivery company working to convince investors...
Bolt Food announces closure of operations in Nigeria to streamline company efficiency
Bolt Food, an online platform for ordering and delivering food, has reportedly chosen to discontinue its operations in the Nigerian market.Having initiated operations in...
Hong Kong restaurants turn to takeaways for revenue boost amid lingering economic challenges
According to Deliveroo's Q3 2023 Restaurant Confidence Index, Hong Kong restaurants are increasingly depending on food delivery platforms to adapt to tough economic conditions.The...
Zomato Gold Loyalty program sees remarkable success with 38 Lakh members in just three quarters
Zomato, the foodtech giant, reported that its customer loyalty program, Zomato Gold, has attracted 3.8 million members in just three quarters since its launch...
Zomato reports remarkable surge in profit, achieving second consecutive profitable quarter in FY24
Foodtech giant Zomato has unveiled its second consecutive profitable quarter today, experiencing a remarkable surge in profit after tax, reaching INR 36 Crore during...