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Cash-strapped Dunzo promises to settle outstanding payments to former employees by March-end
Google-backed delivery startup, Dunzo, plans to settle outstanding payments to former employees by 30 March. This decision comes after a challenging year marked by...
Flipkart revives same-day delivery service across 20 cities, taking on Amazon’s Prime model
The same-day ecommerce delivery service, pioneered by Amazon through its Prime subscription model in 2017, has recently witnessed a revival. Joining the fray on...
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,...
Quick-commerce unicorn Zepto considers reverse flip to India, targets IPO in 2026
In a strategic move, Nexus-backed Zepto is actively considering a reverse flip to India. According to sources close to the company, Zepto aims to...
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,...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
Zomato’s ZPPL gets green light from RBI to operate as online payment aggregator
Zomato, a major player in the foodtech sector, has received approval from the Reserve Bank of India (RBI) to operate as an online payment...
Cloud kitchen sector in India faces uphill battle with continued inflation and funding constraints, threatening revenue growth
Continued inflation and a decrease in funding for startups might pose challenges for the cloud kitchen segment in India, making it difficult to maintain...
IPO-bound Swiggy refutes speculations of doubling platform fee, emphasizes consumer-centric approach
Contrary to speculation suggesting that Swiggy might increase its platform fee for food orders from INR 5 to INR 10 in the upcoming months...
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...
Zomato aims for 100% electric delivery fleet by 2033, unveils comprehensive sustainability goals
Zomato, a major player in the food tech industry, aims to transition all its deliveries to electric vehicles (EVs) by 2033. This ambitious move...
Swiggy may file IPO by fiscal year end, plans to raise capital with combination of offer-for-sale and new issue; Prosus contemplates stake reduction
Swiggy, the Bengaluru-based food delivery giant, is planning to file its initial public offering by the end of this fiscal year.The company plans to...