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Wednesday, October 23, 2024

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Telangana Food Safety Department raids Blinkit warehouse, set to issue notice over hygiene and compliance issues

News
On Wednesday, the Telangana Food Safety Department raided a warehouse of Zomato-owned Blinkit in the Devar Yamjal area of the state’s Medchal Malkajgiri district. In...

7 secret ingredients behind Desi by FoodDarzee’s success in the health food delivery market

Startups
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

News
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...

Zomato urges customers to avoid ordering during peak afternoon hours amid intense heatwave

News
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

News
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...

Zomato shares plummet 5% as Macquarie predicts 47% decline ahead

News
Foodtech giant Zomato's shares took a hit of around 5% during intraday trading on Friday (May 31), falling to as low as INR 172.5...

Zomato mulls revival of lending business, enters talks with NBFCs for merchant lending

News
Zomato, a major player in the foodtech industry, has reportedly initiated discussions with various non-banking financial institutions to offer working capital loans to its...

Jewellery retailer Bluestone on track to become unicorn in pre-IPO funding round

News
Bluestone, an omnichannel jewellery retailer, is in talks to raise around $100 million in a pre-IPO round, likely valuing the company at more than...

House of Biryan set to spice up Delhi and Pune with 35 new outlets by 2025, eyes INR 100 Cr revenue boost

News
House of Biryan, renowned for its signature customizable biryani offerings, plans to inaugurate 35 new outlets in diverse locales across Delhi and Pune, elevating...

Rapid growth of Zomato and Swiggy to dent QSR sales: BNP Paribas Report

News
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

News
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...

Prosus’ new CEO eyes collaboration opportunities between Swiggy and Delivery Hero

Leadership
Prosus' soon-to-be CEO, Fabricio Bloisi, sees potential for collaboration and synergy between portfolio companies Swiggy and Germany's Delivery Hero. Prosus holds the largest stake in...
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