Page 6 - Food Delivery In India

ONDC to test Zomato's dominance; valuation mark-down likely: Analysts

Zomato may have to compromise on the margins whenever ONDC scales up. Its valuation multiples may see up to 15 per cent correction, analysts said

Zomato shares sink 6% after rival food delivery aggregator Swiggy markdown

Zomato ended the session at Rs 60.94 (BSE), valuing the food delivery company at Rs 52,281 crore

Multi-service platform ONDC beating Swiggy, Zomato: All you need to know

ONDC intends to bring the benefits of digitisation to millions of sellers and resellers in the country

Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23

This is an increase of around 10% when compared to the FY 2021-2022

Zomato set to turn profitable in FY25 at 29% revenue CAGR: Motilal Oswal

Brokerage expects Zomato to gain from the nascent stage of the food delivery ecosystem in India, sees its food delivery GOV surging to Rs 38,400 cr in FY25 from Rs 21,300 cr in FY22

Delivery execs highest paid as freshers in Blue/Grey collar sector: Study

The data shows delivery workers in Chennai and Bengaluru are paid more than those in Mumbai and Kolkata. Workers with over four years' experience also earn more than those in other cities

In a bid to rationalise costs, Swiggy sells cloud kitchen business

Swiggy started the Access platform between 2017 and 2019 with an investment of Rs 175 crore; announcements were made to infuse an additional 75 crore by March 2020, pandemic derailed expansion plans

Zomato planning to set up 'Rest Points' for its delivery partners

Online food delivery platform Zomato on Thursday said it is building public infrastructure called 'Rest Points' to support the entire gig economy and delivery partners of various companies. In a blog post, the company's Founder and CEO Deepinder Goyal informed that it already has two 'Rest Points' operational in Gurgaon and plans to create more rest points in the most dense clusters of its food delivery business. Rest Points offer clean drinking water, phone-charging stations, access to washrooms, high-speed internet, a 247 helpdesk and first-aid support. Goyal, however, did not disclose the number or the location for setting up these Rest Points. "We recognise that delivery partners face multiple challenges while on the job, from navigating through traffic to delivering orders in inclement weather conditions. "In line with our commitment to their welfare, we are delighted to announce The Shelter Project under which we have started building public infrastructure (called Rest Poin

Domino's launches 20-minute deliveries across as many zones in India

Firm says overall aim is to ensure delivery of hotter, fresher and tastier pizza without compromising food quality and safety and well-being of delivery riders

Ensure law and order during Swiggy partners' strike: Kerala HC to police

The Kerala High Court has directed the State police to ensure that strike by Swiggy delivery partners (DPs) does not affect the law and order situation in the state

Food-delivery firm Swiggy shuts cloud kitchen brand in Delhi, NCR

Expansion of The Bowl Company in these places was an experiment, says company

Amazon to pull down shutters in food-delivery business in India on Dec 29

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

Zomato co-founder Mohit Gupta quits; third big exit in two weeks

Gupta was previously the chief operating officer for the travel company Makemytrip

Zomato co-founder Mohit Gupta resigns; pens a heartfelt farewell note

In a farewell note, Gupta said that it was an honour for him to see the company grow leaps and bounds

Swiggy partners go on strike over wages in Kochi as talks with company fail

Protests gather steam as earnings dwindle and fuel prices surge; some say the earnings have declined by as much as 50%

Zomato launches hotline number to report rash driving by delivery partners

Company to soon roll out delivery bags with this number printed on them, says no penalty on riders for delay in delivery, no rewards for reaching order on time

Swiggy denies exodus of restaurants amid deep discounting concerns

Amid reports about hundreds of restaurants delisting from Swiggy Dineout, sources said only 20 brands with nearly 400 outlets have delisted from Swiggy's dining out platform

Zomato unveils Healthy-er food options for customers in ten cities

According to Zomato, the new Healthy section offers an assortment of filters such as High Protein, Low Calorie, Low Carbs, Low Fat, High Fibre, etc. and provides nutritional information

Zomato's new pilot on inter-city food delivery is not an easy nut to crack

Last week, Zomato said it is foraying into the same model, piloting food delivery with 'Intercity Legends'

'Middlemen' Swiggy, Zomato win once again, restaurants bear the brunt: NRAI

Association details the impact the new discount programmes of these two entities could have on eateries