Page 16 - Food Delivery

Food delivery giant Swiggy's revenue drops 23% in FY21 to Rs 2,145 crore

The company is strengthening its investment in the broader ecosystem

Food delivery startup RailRestro sees 50% decline in sales amid Covid surge

The IRCTC-authorised food partner has termed the present crisis as a "blip"

'We are adequately capitalised': Zomato CEO to employees amid market fall

Goyal said that the fall in market was due to the global sell-off in growth tech stocks

Swiggy raises $700 mn in new funding round led by Invesco

The funding round saw participation from new investors such as Baron Capital Group, Kotak, among others.

Uber rival Bolt raises $711 million at valuation of over $8 billion

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.

Swiggy receives 9,500 orders per minute on New Year's Eve

'This year we exceeded all our plans by a big margin and were overwhelmed by the customer response,' the company said in a statement

Zomato, Swiggy hit 2 mn orders each on New Year's Eve as India stays home

Zomato logs 6,000 orders per minute at around 7pm; Swiggy says it hit 6,600 orders per minute.

Questions still on how far labour codes will change gig workers' lot

As of now, regardless of distance, weather conditions or traffic, every delivery must be completed within 45 minutes or the delivery person gets a rating downgrade

Unicorns turn into strategic investors; Zomato grabs a big pie

Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow

Swiggy valued at $10.5 billion in $700-million Invesco-led round

Valuation has doubled since it was valued at $5.5 billion in April

Swiggy launches expansive programme with benefits across food and groceries

Upgraded membership scheme 'Swiggy One' offers unlimited free deliveries and discounts; benefits will embrace other offerings such as pick up and drop service Swiggy Genie and Meat stores

DoorDash shares jump 17% on $8 billion deal, earnings beat

The all-stock deal is DoorDash's biggest purchase to date, eclipsing the acquisition of Caviar in 2019

Amid competition, DoorDash buys Finnish delivery app Wolt in $8-bn deal

DoorDash's shares soared 24% in extended trading in New York after news of the deal and third-quarter results that beat analysts' estimates.

​Foodpanda and Rebel Foods launch Asia's largest virtual brand partnership

Through this partnership, customers across Asia can get food options from virtual brands such as Faasos, Behrouz Biryani

Zomato customer care agent schools customer on Hindi; Company fires staff

The restaurant aggregator and food delivery company on Tuesday apologised to a person, who alleged that he was denied refund by its customer care agent for not knowing Hindi

Swiggy eyes category larger than food delivery; to change Supr's structure

Swiggy's foray into grocery delivery started with the acquisition of Supr Daily in 2018

GST Council extends concessions on certain Covid drugs till Dec 31: FM

The all-powerful GST Council on Friday extended concessional tax rates on certain Covid-19 drugs by three months till December 31

GST Council may deliver blow to food-delivery operators Swiggy, Zomato

Many restaurants are not depositing GST, while some are not even registered

Google-backed Dunzo launches 19-minute ultra-fast grocery delivery

Dunzo is offering its ultra-fast grocery delivery service Dunzo Daily in Bengaluru, through which it will deliver essentials in 19 minutes

Swiggy aims to cover 800,000 km per day on electric vehicles by 2025

The food delivery giant has announced the commencement of trials that will increase the deployment of EVs in its delivery fleet