Page 10 - Food Delivery

Food delivery platforms see 18% jump in orders on New Year's Eve: Redseer

Online food delivery platforms in the country together saw a record 6.5-million orders on New Year's Eve 2023, clocking an 18 per cent year-on-year growth, a report said on Thursday. On New Year's Eve 2022, online food delivery platforms in the country had recorded 5.5-million orders. Redseer's Big Data analysis on Consumer Behaviour noted that the spike in food delivery orders on NYE23 was a nationwide phenomenon as metros, tier-1 cities and rest of Indian cities show almost similar growth in order volumes on this day. Consumers kept on ordering in high volumes throughout the day on New Year's Eve 2023, with the spike peaking for dinners and late-night orders, where the GMV (gross merchant value) delivered was 2.5-3x of other days of the year, it said. Redseer's Big data analysis also observes that on NYE23, customers not only ordered higher volumes, but they also spent more per order. According to Redseer, the average order value was up to 30 per cent higher than that of other da

Zomato begins liquidation of its Vietnam-based step-down subsidiary

Zomato's revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2, up from Rs 1,661 a year ago. It had reported a revenue of Rs 2,416 in the previous quarter

Multiple margin levers ahead for food delivery platform Zomato's stock

It had begun levying a convenience fee of Rs 2 per order from August 2023, which was subsequently raised to Rs 3 per order

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

Swiggy unveils Pockethero, food delivery for budget-conscious customers

Pockethero offers free delivery and up to 60 per cent discounts to ensure significant customer savings

Slice of success: Have Zomato, Swiggy finally figured out the right recipe?

Zomato reported its first-ever profit of Rs 2 crore in Q1 FY24

Zomato's superior execution should hold it in good stead; stock up slightly

Zomato's share loss could be attributable to decisions like the temporary suspension of its loyalty membership programme and the shutdown of operations in 225 cities

Swiggy's food delivery business grew 17% to $1.43 bn in H1 FY24: Prosus

Online aggregator's operating metrics improved and loss reduced, says investor

Magicpin food delivery order doubles to 1 mn on ONDC during World Cup

Hyperlocal startup magicpin on Thursday said that food delivery orders jumped by more than twofold to 10 lakh during the cricket World Cup matches on government-backed Open Network for Digital Commerce (ONDC) network compared to the monthly average. Magicpin said that it delivered 35,000 food orders during the India versus Pakistan match on October 14. The orders peaked at 50,000 on a single day during the India versus Australia match.. "Magicpin has crossed 10 lakh food delivery orders for the entire duration of the World Cup between October 5 and November 19. The number of orders soared beyond expectations as ONDC's demand grew on magicpin's own buyer app and through other large buyer apps like Paytm, Phonepe's Pincode and Ola, the company said in a statement. The company had earlier announced to offer discounts worth Rs 50-100 crore at the beginning of the World Cup to cricket fans on food delivery as well as other categories such as dining out, fashion and grocery, making this .

Why Zomato's side ventures may outshine its core food delivery business

According to Deepinder, in some of these cities, Blinkit's GOV, which is growing at more than 80 per cent, is already more than Zomato's

Swiggy raises platform fee by 50% to Rs 3 on food delivery orders

Swiggy had begun levying a platform fee to its customers in April regardless of the order value

Swiggy One Lite membership launched for Rs 99, offering discounts

This membership includes free delivery, extra benefits in food, and grocery, and 30 per cent extra discounts across over 20,000 restaurants

Ola launches all-electric on-demand parcel delivery service in Bengaluru

The Ola Parcel service will be available across Bengaluru at prices which will be as low as Rs 25 for 5 km, Rs 50 for 10 km, Rs 75 for 15 km, and Rs 100 for 20 km

Blinkit to deliver iPhone 15 and iPhone 15 plus within 15 minutes

The company has roped in Apple premium reseller Unicorn to deliver the devices, which are available to customers in Delhi NCR, Mumbai, Pune and Bangalore

Swiggy accused of charging Rs 3 extra on orders, company says 'tech bug'

Swiggy had been accused of rounding up the bill total to the nearest whole number and adding Rs 3 to customers' order value

Now, customers can tip kitchen staff through Zomato: Details here

Zomato that the new feature will allow customers to "seamlessly express gratitude for their food deliveries, an option that was limited to traditional dining-in experience

Jupiter ropes in Swiggy's Anuj Rathi as chief product and marketing officer

With over 18 years of experience, the IIT-Kanpur graduate brings extensive knowledge and insights from his tenures at leading companies such as Swiggy, Flipkart, and Walmart

Justmyroots buys The State Plate to expand intercity food delivery service

With the acquisition, the company said customers can anticipate a broader range of high-quality, non-perishable food items as it enters the regional packaged food sector

Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya Tech

At Aaritya, Vaz is now building a new-age trading platform for individual investors to help them trade and invest