Page 2 - Food Delivery

Magicpin eyes 500k customers for food delivery vertical 'Inner Circle'

Hyperlocal startup MagicPin on Sunday said it aims to onboard half a million students and corporate customers for its food delivery vertical Inner Circle by December. The newly launched service has achieved enrollment of over 1.5 lakh customers during the first month of its rollout in September. Currently, students from more than 3,000 colleges and users from over 500 corporates across Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Pune, and Kolkata are enrolled in the Inner Circle platform. The early adoption numbers suggest strong resonance with our core audience, particularly Gen Z students and young working professionals seeking value-driven experiences, Magicpin stated. Anshoo Sharma, CEO and founder, Magicpin, said, "Programmes like Inner Circle create a balance of affordability and access. We aim to reach half a million students and corporate customers by the year-end. The overwhelming response in just one month is proof that the programme addresses a real need in the market". To

Rethinking America: What food delivery apps teach us about tariff wars

Zomato and Swiggy are platforms. Platforms are a business that connect a large number of buyers with a large number of sellers

Can app-based eating affect your heart? Doctors explain the hidden risks

World Heart Day 2025: The ease of ordering burgers, pizzas, and fried snacks at a tap comes with a price; doctors say app culture is silently shaping India's rising heart health crisis

Swiggy to transfer Instamart to wholly owned subsidiary via slump sale

Swiggy approved the transfer of its Instamart quick commerce business to Swiggy Instamart Pvt Ltd through a slump sale to create a focused entity for long-term growth

Zomato parent Eternal hits ₹3.16 trillion mcap, overtakes ONGC, Adani Ports

Eternal's share price has risen over 2.75 per cent in the past month and more than 31 per cent over the last three months

Swiggy rolls out 'Toing' app in Pune amid rising food delivery rivalry

Swiggy has introduced a new standalone food delivery app, Toing, in Pune to cater to students and young professionals with affordable meals as competition in the sector intensifies

Dorm rooms to orbit: Can India's deeptech leap deliver on its promise?

Part-I explores why deeptech lagged in India, what's finally changing, and the hurdles ahead. Part-II profiles the builders - their ideas, technologies, and ambitions

Why is Nomura bullish on Eternal? 3 key factors for ₹370 stock target

On the bourses, Eternal shares have advanced 4 per cent over the past five sessions, 9 per cent in the last month, and a little over 28 per cent in the past three months.

Food delivery may get pricier as platforms hike fees, 18% GST adds burden

The hike in platform fees by Zomato, Swiggy and magicpin ahead of the festive season is set to make ordering food costlier for millions of users across the country, which is likely to rise further due to the 18 per cent GST levy on delivery charges from September 22. Swiggy has hiked its platform fee to Rs 15, inclusive of GST, in select markets. Rival Zomato has raised its platform fee to Rs 12.50 (excluding GST), whereas the third-largest food delivery player, magicpin, has also revised its platform fee to Rs 10 per order, in line with broader industry trends, making it expensive for food delivery consumers. Estimates suggest that the additional burden on account of 18 per cent GST to be levied on delivery charges from September 22 is expected to add roughly Rs 2 per order for Zomato users and Rs 2.6 for Swiggy customers. E-mail queries sent to Swiggy and Zomato by PTI seeking responses remained unanswered. A magicpin spokesperson told PTI that it has already been paying 18 per

GST 2.0: Food-delivery giants face new ₹500 cr tax bill, margin crunch

Platforms must pay 18% GST on behalf of delivery workers, a move that could squeeze margins and raise consumer costs as growth slows

Rakesh Ranjan, former CEO of Zomato's food delivery business, exits company

Rakesh Ranjan exits Zomato's food delivery business following a restructuring; Aditya Mangla appointed as new CEO, with the next career move of Ranjan yet to be known

Motilal Oswal sees buffet of tailwinds; upgrades Swiggy, bullish on Eternal

The brokerage now values Swiggy at ₹560, capturing the inflection in food delivery growth and the path to improved economics in Instamart.

Swiggy hikes platform fee to ₹14 in select regions for festive season

Swiggy temporarily raises platform fee from Rs 12 to Rs 14 in select regions during the festive season to manage high demand, with the hike expected to be rolled back soon

Rapido launches Ownly app, enters food delivery with zero-commission model

Ride-hailing firm Rapido debuts its Ownly app in Bengaluru, challenging Swiggy and Zomato with a zero-commission model for restaurants

Swiggy targets office goers with newly-launched category 'DeskEats'

The customers can access offering by searching for "Office" or "Work" to find a collection of nearly 700,000 food items from across 200,000 restaurants live on platform, company said in a statement

Swiggy adds Noon CEO to Board as SoftBank, Accel representatives exit

The food delivery giant moves to strengthen board independence following public listing

Eternal Q1FY26 results: Profit takes 90% hit on quick commerce push

Blinkit's net order value surpasses Zomato for the first time

Blinkit's switch to inventory ownership to boost margins, expand assortment

Blinkit plans to adopt an inventory ownership model in the next two to three quarters, aiming to improve margins and expand its product assortment, as revealed in its Q1 FY26 results

Zomato parent firm Eternal incorporates food services arm, Blinkit Foods

Eternal, parent company of Zomato and Blinkit, has announced plans to establish Blinkit Foods Limited as a wholly owned subsidiary to focus on food services, including innovation, sourcing, & delivery

Swiggy launches high-protein food category across 30 cities in India

Food-delivery platform launches curated section with over 500,000 protein-rich dishes from 35,000 restaurants as India faces widespread protein deficiency