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BigBasket shifts focus to quick commerce with BB Now, aims for rapid 10-30-minute deliveries
Tata-owned BigBasket, the largest e-grocer known for its slotted deliveries, is transitioning into a full-scale quick commerce platform as the sector's rapid growth fuels...
E-commerce overtakes brick-and-mortar in high-value goods, quick commerce eyes next frontier
The traditional touch-and-feel retail experience, where customers prefer to inspect products physically before buying, is now being overshadowed by e-commerce. Despite e-commerce’s rapid growth...
Zomato unveils new feature to schedule food orders up to 2 days ahead
Continuing its streak of innovations, foodtech giant Zomato has rolled out a new feature enabling users to schedule food orders up to two days...
Swiggy targets $15 Bn valuation for its $1.2 Bn IPO
Foodtech giant Swiggy, last valued at $10.7 billion, is reportedly eyeing a $15 billion valuation for its $1 billion to $1.2 billion initial public...
Zomato stock jumps over 4%, touches intraday high of INR 269.75
Foodtech giant Zomato's shares surged 4.7% to reach an intraday peak of INR 269.75 on the BSE today, following the company's decision to close...
Zomato shuts down intercity service ‘Legends’ just a month after relaunch
Just a month after reviving its intercity food delivery service, ‘Zomato Legends,’ Zomato founder and CEO Deepinder Goyal announced its discontinuation.͏In a post on...
Zomato shares surge 2.7% after announcing acquisition of Paytm’s ticketing business
Shares of foodtech giant Zomato rose by 2.7% to reach INR 267 on the BSE in early trading today, up from the previous close...
Paytm to sell entertainment ticketing business to Zomato for INR 2,048 Cr in all-cash deal
Fintech giant Paytm has signed a definitive agreement to sell its entertainment ticketing business to foodtech major Zomato for INR 2,048 crore in an...
Quick commerce platforms raise delivery weight limits to 35 kg as bulk monthly purchases surge
Quick commerce companies are raising delivery weight limits per order as consumers shift to bulk monthly shopping from the 1st to the 10th of...
Antfin Singapore Holding divests 2.1% stake in Zomato for INR 4,771 Cr
Antfin Singapore Holding divested over 2% of its stake in Zomato on Tuesday, raising INR 4,771 crore through open market transactions.Antfin Singapore Holding Pte...
Global QSRs struggle with footfall drops in India as local brands and delivery apps gain traction
Indians seem to be losing interest in international QSR chains like McDonald’s, Burger King, and Pizza Hut, leading these companies to aggressively enhance their...
Zomato to remove AI-generated food images following customer complaints
After numerous complaints from customers about AI-generated food and dish images on Zomato, CEO Deepinder Goyal a͏nnou͏nced ͏o͏n Sund͏ay t͏hat the ͏plat͏form will͏ r͏e͏m͏o͏ve...