Page 5 - Food Delivery In India

Zomato Q3 results: Net profit rises 283% to Rs 138 crore, revenue up 69%

The company reported a loss of Rs 347 crore during the corresponding period last year. The results were also ahead of analyst expectations on both revenue and net profit fronts

Food-delivery platform Swiggy to cut 350-400 jobs across verticals

On-demand convenience platform Swiggy is understood to be preparing to cut around 400 jobs across various verticals as part of preparations for its initial public offering. As the company works to simplify structure and bring operational efficiencies, around 350 to 400 jobs are expected to be pruned, sources said. These will be across teams spanning technology, call centre and corporate roles, and the job cuts are expected to initiate gradually in the coming weeks. When contacted Swiggy declined to comment. The development comes at a time when Swiggy is preparing for its IPO. "Swiggy has been working on simplifying work processes and building operational efficiencies," a person aware of the development said. Swiggy's headcount is estimated to be around 6,000 at present.

Zomato to support 300,000 restaurants, empower 1 mn gig workers by 2030

The company aims to facilitate 100 per cent of its deliveries through EVs by 2033 and carry out the delivery of 100 million plastic-free food orders by 2025

Invesco raises valuation of Indian food delivery firm Swiggy to $8.3 bn

US asset manager Invesco has raised the valuation of Indian food delivery platform Swiggy to $8.3 billion from $7.85 billion in October in a second straight markup, regulatory filings showed

Amid fuel crisis, Zomato agent rides horse to deliver food in Hyderabad

A Zomato agent in Hyderabad took the streets by storm, not on a motorbike, but on a horse, to deliver orders amid the fuel crisis

Food, quick delivery platforms clock all-time high orders on New Year's Eve

While Bengaluru, New Delhi, and Mumbai saw the highest number of orders among the metros, cities such as Jaipur, Chandigarh, and Ahmedabad too witnessed significant demand

Food delivery app Zomato gets Rs 402 cr show cause notice over unpaid GST

Zomato said that it was not liable to pay any tax on delivery charges as it was collected on behalf of the delivery partners

Zomato looks to venture into catering business to expand market share

Zomato had launched a multi-cart option in June which helps users to order from several restaurants at the same time

Zomato reports profit at Rs 36 cr in Q2, revenue up 71% to Rs 2,848 cr

Surges 18x sequentially in Q2; uptick in adoption of loyalty plan key driver

Swiggy sees another high-level exit as senior V-P Anuj Rathi quits

Ashish Lingamneni, vice president (VP), head, brand and product marketing, and Nishad Kenkre, VP, head, revenue and growth, Instamart, have also left the food delivery firm in the recent past

ONDC can support growth of financial services, e-commerce: Deloitte

The government's initiative ONDC is providing a huge platform for growth of four key sectors, including financial services, agriculture, manufacturing, and e-commerce retail, a Deloitte report said on Thursday. The Open Network for Digital Commerce (ONDC) is an initiative of the commerce and industry ministry to create a facilitative model to help small retailers take advantage of digital commerce. It is not an application, platform, intermediary or software but a set of specifications designed to foster open, unbundled, and interoperable open networks. The network aims at helping MSME players in the retail sectors to take advantage of the fast growing e-commerce space in the country. The report said that the ONDC presents an opportunity for financial institutions to engage with MSMEs segment that is mainly dependent on government schemes and non-baking financial companies (NBFCs) for credit as they are not deemed creditworthy by mainstream financial institutions. The size of lendi

Delivery work not permanent career choice, sees half-yearly churn: Experts

Blue-collar jobs in delivery and logistics are still a stopgap for workers with gig staffing companies recording a churn in recruited partners every 4-5 months, according to experts. Blue collar staffing for delivery and logistics, a relatively new job category, is seen by workers as a stopgap arrangement or means of generating supplementary income, say experts adding that many prefer not to take it up as a permanent career choice citing the "stigma" attached to these roles. A Zinnov and Microsoft study in March noted that gig workers will play an instrumental role in India's USD 5 trillion economy, with the current 77 lakh gig workforce set to triple to 2.3 crore by 2030, generating USD 250 billion. Out of the 13.5 lakh enrolments on work-as-a-service platform Awign, 18.1 per cent are in blue-collar roles. AI-driven hiring automation app, Vahan.ai, sees the highest demand for blue-collar workers from Hyderabad, Chennai, Bangalore, and Mumbai with substantial market share from tier

Zomato temporarily suspends rollout of UPI enrolment for new users

The rollout is on hold as the company is working to improve the onboarding process

Chole Bhature, Biryani, Momos: What's India ordering most on Zomato?

North Indian cuisine dominates on Zomato with almost around 25 per cent contribution to both orders and gross merchendise value

Swiggy introduces 'WhatToEat' feature offering customised food choices

Online food delivery platform Swiggy on Tuesday said it has introduced an industry-first 'WhatToEat' feature aiming to simplify the selection process by offering personalised recommendations tailored to users' current moods, location, order history, the time of the day and other preferences. Users can now indicate what they are craving by selecting from a range of mood bubbles on the app, Swiggy stated. The feature will inform users of the rationale behind each recommendation, whether it's based on their order history, local trends, or popularity among other Swiggy users. To streamline the decision-making process, WhatToEat presents users with ten personalised recommendations for each order, cutting through the overwhelming number of choices, the food delivery platform stated.

Zomato is now allowing its users to build multiple carts at one time

The feature, introduced as part of its latest app update, will help users to build carts from up to four restaurants

McDonald's joins hands with Simpl to provide 1-tap payment facility

McDonald's operates 357 restaurants in 56 Indian cities across the West and South of the country

Zomato joins Dial4242 to provide medical support to delivery partners

Online food delivery platform Zomato on Monday announced it has collaborated with Dial4242 to provide ambulance services and medical support through mobile medical units (MMUs) to delivery partners

Promoting lower-calorie options on delivery apps may help fight obesity

In each trial, participants were asked to choose a meal for themselves like they would in real life. The primary outcome was the total number of calories in the basket at checkout

Swiggy's food delivery business turned profitable in March: CEO Majety

Rare for global food delivery platforms to achieve profitability in less than 9 years, he says