Page 2 - Food Delivery In India

Rapido enters food aggregation with 'Ownly' platform, partners NRAI

The new platform will operate on a zero-commission model, charging restaurants a flat subscription fee

Zepto's Aadit Palicha accuses 'rival q-commerce CFO' of smear campaign

Zepto's Aadit Palicha claims a rival CFO is running a smear campaign to undermine its rapid Ebitda gains and aggressive dark store expansion

Zomato adds new charges for long-distance deliveries; restaurants unhappy

In addition to the new delivery fee, Zomato has also asked some restaurants to sign new agreements reflecting a name change of its parent company to 'Eternal'

CCPA likely to direct Zomato, Swiggy to revise cancellation, refund policy

The consumer watchdog took suo-motu cognisance of unfair practices in 2024 and is now likely to direct Zomato and Swiggy to revise refund and cancellation policies

Qcom unicorn Zepto appoints Rachit Ranjan as chief public policy officer

Rachit Ranjan will lead Zepto's policy, regulatory and government affairs vertical as the company accelerates growth and aims to build socio-economic value in India

Magicpin expands quick commerce arm, MagicNow to drive 20% of food delivery

Magicpin's 15-minute delivery arm MagicNow, launched in September 2024, now contributes 13 per cent of food orders and is targeting a 20 per cent share amid a booming qcommerce market

Delivery riders sweat through the gap between corporate hype and reality

Despite companies asserting they provide adequate support, many workers report poor earnings, limited access to rest, and a lack of basic summer relief measures

Zomato food delivery CEO Ranjan still part of leadership team: Eternal

Eternal, formerly Zomato, on Thursday clarified that its food delivery CEO Rakesh Ranjan has not resigned and that any reshuffling of the leadership team at the company is a standard practice as part of its efforts to optimize organizational effectiveness. The clarification through a regulatory filing came in response to a media report on the stepping down of Ranjan. "We would like to clarify as on date, there has been no resignation tendered by Rakesh Ranjan and he still continues to be part of the leadership team. At Eternal Group, internal reshuffling of the leadership team is considered a standard practice as part of the company's ongoing efforts to optimize organizational effectiveness," Eternal said. Earlier this month, the food and grocery delivery platform officially changed its name to 'Eternal Ltd' on the stock exchanges following approval from Ministry of Corporate Affairs. The brand name of the company's food delivery business, Zomato remains the same, along with the ap

'Dukaandari hi karna hai?' Piyush Goyal urges startups to think bigger

Speaking at the Startup Mahakumbh, Union Minister Piyush Goyal questioned India's startup focus on food delivery over deep-tech innovation, sparking sharp backlash from industry leaders

Swish secures $14 mn in Series A funding from Hara Global and Accel

This funding will support Swish's expansion across Bengaluru, with plans to extend its quick food delivery model to more pincodes in the coming month

10% of orders placed through quick food delivery service: Magicpin CEO

In food delivery, particularly in Delhi and Bengaluru, Magicpin holds a 10 per cent market share, said Magicpin CEO

Zomato hires 2 as chief of staff; gets 18,000 requests for various posts

30 candidates received job offers, of which 18 have joined Zomato and its group companies

Swiggy launches Swiggy Serves; aims to distribute 50 million meals by 2030

Swiggy kickstarted partnership with a few restaurant partners such as Dana Choga Restaurants, Biryani by Kilo, Dosa Anna, Charcoal Eats, Urban Tandoor, and Foodies Cart, amongst others

Swiggy races 6% as Bernstein initiates with 'Outperform'; sees 29% upside

The northward move in the Swiggy share price came after reports suggested that global brokerage Bernstein initiated coverage with 'Outperform' rating on the Swiggy stock, with a target price of Rs 635

Swiggy launches new standalone app Snacc for 15-minute food delivery

The launch comes at a time when the food delivery apps in India are racing to deliver everything from biryani to hot beverages to customers' doorsteps in under 10-15 minutes

Zomato enters 15-minute delivery race, taking on Swiggy Bolt, Zepto Cafe

Though not officially announced, the 15-min delivery tab has been added to select locations in Mumbai and Bengaluru

Year ender 2024: After initial hiccups, 10-min food delivery makes a return

As the demand for convenience rises, instant food-delivery platforms that had shut down or scaled back operations in previous years witnessed renewed success in 2024. In this race, Ola Dash is the lat

Magicpin enters into quick commerce as 'magicNOW' with over 3,000 merchants

Hyper-local e-commerce firm magicpin has forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with, the company said on Tuesday. Unlike other quick commerce players, magicpin will not operate via dark stores for food delivery, the company said in a statement. "magicNOW is to provide fast food delivery within a 1.5 km to 2 km radius to maintain freshness and cuisine integrity, and will be initially launched in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune," magicpin said. magicNOW will leverage the service of magicpin's logistic aggregator vertical -- Velocity. Under Velocity, magicpin acts as an aggregator of its third party logistics partners such as Shadowfax, Dunzo, Rapido, Porter, OLA, Zypp etc for the supply backend, consolidating all 3PL services under one umbrella for brands and its sellers. magicpin is currently offering Velocity to multiple brands including K

Food delivery economy crucial, generates large-scale employment: Gadkari

Union Minister Nitin Gadkari on Tuesday said the food delivery economy is very important for India as it generates large-scale employment. Addressing Zomato's 'Sustainability and Inclusivity: Role of the Platform Economy' conference, the Road Transport and Highways minister said that at present India has 77 lakh delivery workers and this number is likely to touch 2.5 crore by 2030. "Giving employment to 2.5 crore youths of this country is really a big thing for the country...The most important priority for all of us is to create jobs," he said. The minister also appreciated online food delivery platform Zomato for providing employment to a lot of unemployed youth of the country. He also expressed concerns about the number of road accidents and said the delivery boys have high chances of meeting accidents as they have to deliver the items in a limited time frame. Gadkari said that in India, 45 accidents and 20 deaths take place per hour. The maximum lives lost are between the age

Swiggy share jumps 9%, hits record as Axis Capital initiates with 'Buy'

The northward move in the Swiggy share price came after the domestic brokerage Axis Capital initiated coverage on Swiggy, with a 'Buy' rating and a target price of Rs 640 per share