Page 3 - Food Delivery

Quick-commerce margins and execution are key to gains in Swiggy stock

Management indicated that the quick commerce segment saw peak losses in Q4 and there will be progressive improvement

Swiggy Q4 results: Loss widens to ₹1,081 cr despite record Instamart growth

Quick commerce drives 45 per cent revenue growth at Swiggy in Q4FY25 but expansion costs and elevated incentives push adjusted EBITDA loss to ₹732 crore

Once flying high, grounded Chinese pilots now deliver food to survive

Once flying high, Chinese pilots of Joy Air are now grounded and delivering food as a debt-hit regional airline collapses under pressure from competition and poor management

Swiggy Bolt expands to 500 cities as Zomato shuts down 'Quick' service

Swiggy Bolt now handles one in every ten food orders on the platform, marking rapid expansion even as rival Zomato discontinues its instant delivery service 'Quick'

Swiggy expands 10-minute food delivery service 'Bolt' to over 500 cities

Swiggy on Friday said its 10-minute food delivery service 'Bolt', which was launched in October last year, is now operational in more than 500 cities across the country. Presently, at least one in every 10 food delivery orders delivered by Swiggy are delivered using the 'Bolt' service. The offering is now available in over 500 cities across India. Swiggy's scaling up of 'Bolt' comes at a time when its rival Eternal, formerly Zomato, has announced shutting down of the 'Zomato Quick' offering, stating it is not seeing the path to profitability without compromising on customer experience, observing that the current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes, leading to inconsistent customer experience. Swiggy Food Marketplace CEO Rohit Kapoor said, "Bolt fits into the way people live today. You're hungry, you want something now, and you don't want to compromise. We built Bolt for that moment. Seeing it scale to 500-plus cities in ju

NRAI dials Rapido to challenge dominance of Swiggy, Zomato in food delivery

Initially launched as a ride-hailing platform, Rapido is eyeing to enter food delivery to challenge the dominance of Swiggy and Zomato

Zomato's parent Eternal Q4 net profit falls 78% to ₹39 cr, revenue up 64%

The company's revenue for the quarter rose 63.7 per cent year-on-year (Y-o-Y) to ₹5,833 crore in Q4, up from ₹3,562 crore a year earlier

Eternal shuts instant food-delivery service Quick; delists 19K restaurants

As for restaurants that have been delisted, they either did not pass hygiene standards, were mimicking established brands and misleading customers, or were operating multiple identical menu listings

Zomato food delivery CEO Ranjan still part of leadership team: Eternal

Eternal, formerly Zomato, on Thursday clarified that its food delivery CEO Rakesh Ranjan has not resigned and that any reshuffling of the leadership team at the company is a standard practice as part of its efforts to optimize organizational effectiveness. The clarification through a regulatory filing came in response to a media report on the stepping down of Ranjan. "We would like to clarify as on date, there has been no resignation tendered by Rakesh Ranjan and he still continues to be part of the leadership team. At Eternal Group, internal reshuffling of the leadership team is considered a standard practice as part of the company's ongoing efforts to optimize organizational effectiveness," Eternal said. Earlier this month, the food and grocery delivery platform officially changed its name to 'Eternal Ltd' on the stock exchanges following approval from Ministry of Corporate Affairs. The brand name of the company's food delivery business, Zomato remains the same, along with the ap

Zepto renames parent entity Kiranakart Tech, ahead of possible IPO

Zepto is changing the name of its parent company from Kiranakart Technologies Private Limited to Zepto Private Limited as it gears up for public listing

Swiggy receives Rs 7.59 cr tax demand notice for AY 2021-22 in Pune

Food and grocery delivery platform Swiggy has received an an assessment order for the April 2021 to March 2022 period, amounting to Rs 7.59 crore from the Office of the Profession Tax Officer, Pune. Violation of provisions pertaining to deduction of Profession Tax from the employees' salary under the Maharashtra State Tax on Professions, Trades, Callings & Employments Act, 1975, has been alleged against the company, it said in a regulatory filing. "The Company believes that it has strong arguments against the Order and is taking necessary steps to protect its interest through review/appeal," Swiggy stated in the filing on Saturday. The company believes that the order has no major adverse impact on its financials and operations.

Zomato food delivery COO Rinshul Chandra resigns to pursue new passions

Rinshul Chandra, Chief Operating Officer of Zomato's Food Delivery business, has tendered his resignation, the company has said in a regulatory filing. Chandra has resigned with effect from April 5 "to pursue new opportunities and passions", Zomato stated in the filing on Saturday. In his resignation letter addressed to Zomato founder and CEO Deepinder Goyal, Chandra wrote, "I am writing to resign as COO - Food Ordering & Delivery Business of Eternal Limited, effective April 7, 2025. After careful consideration, I have decided to pursue new opportunities and passions that align with my evolving personal and professional goals". While the brand name of the company's food delivery business Zomato remains the same, along with the app, the company has changed the name of the corporate entity to Eternal.

After innovation debate, Goyal announces helpline for startup grievances

Piyush Goyal said that the helpline would be accessible to all startups nationwide, allowing them to register complaints or provide feedback on policies

Food delivery platform Zomato lays off nearly 600 customer support staff

This is also happening due to increased usage of artificial intelligence (AI) in its customer services function

Down upto 42% from record high, analysts say stock up Zomato, Swiggy shares

So far in calendar year 2025, Zomato's share price has dropped 19.62 per cent on the BSE, while Swiggy's has tumbled 33.29 per cent

Sustainability Summit: Swiggy to drive all-electric fleet by 2030

On an annual basis, the company aims to reduce perishable waste in direct operations by 25 per cent and decrease adverse incidents by 10 per cent

Zepto vs Zomato: Aadit Palicha refutes Deepinder Goyal's 'cash burn' claims

In a recent interview, Zomato founder Deepinder Goyal claimed that quick-commerce platform Zepto burned Rs 2,200-2,300 crore last quarter

Investment firm Prosus may turn to artificial intelligence to shape biz

In India, Prosus has investments in Swiggy and owns payment technology (tech) company PayU, Rapido, a ride-hailing aggregator, and ecommerce platform Meesho

Maha Kumbh 2025: ONDC-backed Waayu delivers over 110K mahaprasad orders

As Maha Kumbh 2025 draws to a close, Waayu plans to continue delivering Mahaprasad throughout the year

Food aggregator major Swiggy allots over 864K shares under ESOP scheme

With the share price of Swiggy closing at Rs 354.3 per share, the total value of the newly allocated shares would be around Rs 30 crore