Page 13 - Food Delivery

Zomato stops 10-minute food delivery offering, CEO announces 800 job posts

Media reports say 10-minute biz struggling; company denies, says it is just being rebranded

Swiggy lays off 380 employees, CEO dubs over-hiring a 'poor judgement'

Sriharsha Majety says 'I should've done better here'; firm shuts down meat marketplace business

Swiggy announces free ambulance service for all delivery executives

Food delivery firm partners with Dial4242 Ambulance Services for 'industry-first initiative'

Instamart tests Swiggy's appetite for biz growth amid rising losses

With its rapid cash burn rate, early investors are questioning the food delivery platform's venture into quick commerce

Swiggy's losses jump 2X to Rs 3,629 cr in FY22; more layoffs expected

Online food delivery platform Swiggy's losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year

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

Swiggy to give pink slips to over 250 employees in December: Report

Widening losses: In November, Swiggy decided to shut down its cloud kitchen brand, The Bowl Company, in Delhi and the national capital region (NCR)

Uber Eats to pay millions for listing US restaurants on app without consent

Ride-hailing major Uber will pay millions of dollars as settlement with the City of Chicago in the US for listing local restaurants in food delivery apps Uber Eats without consent

Food delivery firm Zomato stake sale fetches Rs 1,631 crore for Alibaba

Prior to the stake sale, Alipay held 6.7 per cent stake in Zomato while affiliate firm Antfin holds another 6.6 per cent share in the foodtech giant

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

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

Hyperpure: Zomato's B2B ace in the hole on the road to profitability

Although the adjusted EBITDA losses of the B2B business widened in Q2FY23, the company's head honchos believe the venture can become even larger than the food delivery business

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 now in Hindi, does 150,000 orders a month on regional language apps

Hindi, Tamil account for lions share of orders, at 54% and 11% respectively

Momo brand Prasuma to expand cloud kitchen venture by 200 units by 2025

Company will expand business in Mumbai, Delhi, Bangalore, Chennai, and other major cities

Swiggy announces sexual harassment policy for women delivery executives

If the reported offence is punishable by law then it will lead to the removal of customers from the Swiggy's platform

Zomato soars 13% on heavy volume as net loss narrows to Rs 251 cr in Q2

The company's revenue, too, increased 62.2 per cent year-on-year (YoY) to Rs 1,661 crore in Q2FY23 as against Rs 1,024 crore in Q2FY22

SoftBank Vision Fund loses $7.2 billion on back of tech writedowns

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

Zomato Q2 results: Net loss narrows to Rs 251 crore as online orders jump

Revenue from operations rose to Rs 1,661 crore from Rs 1,024 crore

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