Page 14 - Food Delivery

Swiggy appoints Rohit Kapoor as CEO for its Food Marketplace business

With over 20 years of industry experience, Kapoor has held various leadership positions in sales and finance roles in leading companies such as Max India Limited and Mckinsey & Company

China's Tencent Holdings may sell $24-billion stake in food delivery firm

Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake

Zomato's weightage in FTSE indices to rise to 24.9% from August 11

Shares of Zomato gained 2 per cent to close at Rs 55.6

Tiger Global sells 2.34% stake in Zomato, sells 185 million shares

Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 per cent in the online food delivery platform before the sale

Zomato's growing appetite: Moves to multiple-CEO structure for biz

The restructuring is happening after the shareholder approved the Blinkit acquisition

Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends

Start-ups with no 'promoter' may face pressure

Start-up slowdown

Raising funds is becoming difficult

Swiggy starts ESOP liquidity programme worth $23 mn, expands offering

Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs

Zomato board to consider acquisition proposals on June 24; stock gains 4%

According to a Business Standard report, Zomato may acquire quick commerce player Blinkit

Comply with norms on display of nutritional value: FSSAI to Swiggy, Zomato

FSSAI had come out with labelling and display regulations in 2020 for food service firms

Food delivery firms asked to submit plans for improving complaint redressal

Centre directs e-commerce food business operators to submit proposal on improving consumer grievance redressal mechanism within 15 days

Meituan beats slowdown with $6.9-billion sales, revenue rises 25%

Sales rose to 46.3 billion yuan ($6.9 billion) in the three months ended March

Swiggy plan offers unlimited free deliveries from restaurants 10 km away

Membership programme has exclusive offers on 1,000 products in Instamart, the company's daily essentials service.

California: Uber launches robot food delivery with Serve Robotics, Motional

Both services are available to Uber Eats users in Santa Monica and West Hollywood in California

Swiggy scales down Supr Daily, temporarily suspends Swiggy Genie

The company in a blog stated that its restructuring Supr Daily and the services will be suspended in five cities, it also said that Swiggy Genie will be temporarily suspended in 3 cities.

Dubai delivery workers go on second rare strike this month: Report

The foreign workers contracted by Talabat, the Middle East unit of Delivery Hero, began their walkout late Monday after organising on social media

Zomato slips 46% so far in 2022 as FPIs, MFs trim stake in March quarter

Shares of food delivery company Zomato hit a new low of Rs 74.65, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has dropped 6 per cent in the past two trading days.

Zomato offset about 500,000 metric tonnes of carbon emissions last year

Foodtech major introduces 100 per cent plastic neutral deliveries

Restaurants oppose Zomato's 'draconian' food quality policy

Budget restaurants and small cloud kitchens may be hit the hardest; NRAI to highlight concerns in a letter to Zomato management

Food delivery apps Zomato, Swiggy hit by hour-long technical glitch

Downdetector, a platform that collects status reports from a series of sources, recorded 3,619 reports of outage against Zomato at 2:05 PM and 771 against Swiggy at 2:21 PM