Page 5 - Food Delivery

Zomato will not compete with restaurant partners: CEO Deepinder Goyal

Bistro, company's instant food delivery app, is not a private label, he says in email

NRAI plans legal action against Zomato, Swiggy over 10-min delivery apps

Both Zomato and Swiggy have defended their quick delivery services and are working to dispel fears of data exploitation

Zomato Q3 FY25 results: Net profit falls 57% to Rs 59 crore, revenue up 64%

Zomato Q3FY25 results: Zomato aims to increase the number of Blinkit stores to 2,000 by December 2025

FHRAI accuses Zomato, Swiggy of data misuse, seeks commerce ministry action

The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc

Quick commerce companies' foray into food biz rustles up restaurants

Restaurants body NRAI is also exploring legal routes and is likely to knock on the doors of the Competition Commission of India to address issues related to private labelling

Swiggy launches Swiggy Serves; aims to distribute 50 million meals by 2030

Swiggy kickstarted partnership with a few restaurant partners such as Dana Choga Restaurants, Biryani by Kilo, Dosa Anna, Charcoal Eats, Urban Tandoor, and Foodies Cart, amongst others

Swiggy races 6% as Bernstein initiates with 'Outperform'; sees 29% upside

The northward move in the Swiggy share price came after reports suggested that global brokerage Bernstein initiated coverage with 'Outperform' rating on the Swiggy stock, with a target price of Rs 635

Swiggy launches new standalone app Snacc for 15-minute food delivery

The launch comes at a time when the food delivery apps in India are racing to deliver everything from biryani to hot beverages to customers' doorsteps in under 10-15 minutes

SNACC: Swiggy launches new app with 15-minute food delivery promise

Swiggy is following the industry trend of launching separate apps to target specific customer needs

Zomato enters 15-minute delivery race, taking on Swiggy Bolt, Zepto Cafe

Though not officially announced, the 15-min delivery tab has been added to select locations in Mumbai and Bengaluru

Magicpin's top management delivers food on bikes on New Year's Eve

Hyperlocal e-commerce firm Magicpin's top management, led by CEO Anshoo Sharma, went out on bikes to deliver food to customers on New Year's Eve, according to a company's post on a social media platform. The deliveries were done in Delhi NCR, Mumbai and Bangalore. "It's the busiest night of the year, and our Leadership will hustle on the ground with our delivery partners. While some operate from the warmth of cosy offices and war rooms; we will End and Start our Year meeting our customers. Looking forward to the hustle and rush this New Year's Eve and distributing smiles all the way from 2024 to 2025," Magicpin said on X. The photo posted by the company featured Sharma, Enterprise business CXO Naman Mawandia, Enterprise & Food Delivery business Director Suyash Jaiswal, Sales and Dining out, AVP, Vinod Jain, Enterprise Business Director Indrajit Nair and Finance AVP Tarun Kumar. The company recently forayed into quick commerce for food delivery with the launch of its magicNow brand

Zomato 2024 year-end report: Foodie spent Rs 5 lakh in a single restaurant

One meal at a restaurant cost a Bengaluru foodie an incredible sum of money. On a single bill, the unidentified foodie spent more than Rs 5 lakh, said Zomato, in its 2024 year-end report

Year ender 2024: After initial hiccups, 10-min food delivery makes a return

As the demand for convenience rises, instant food-delivery platforms that had shut down or scaled back operations in previous years witnessed renewed success in 2024. In this race, Ola Dash is the lat

magicpin introduces magicNOW 15 minute food delivery on a pilot basis

The food delivery firm will be initially launched in Bengaluru, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune

Magicpin enters into quick commerce as 'magicNOW' with over 3,000 merchants

Hyper-local e-commerce firm magicpin has forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with, the company said on Tuesday. Unlike other quick commerce players, magicpin will not operate via dark stores for food delivery, the company said in a statement. "magicNOW is to provide fast food delivery within a 1.5 km to 2 km radius to maintain freshness and cuisine integrity, and will be initially launched in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune," magicpin said. magicNOW will leverage the service of magicpin's logistic aggregator vertical -- Velocity. Under Velocity, magicpin acts as an aggregator of its third party logistics partners such as Shadowfax, Dunzo, Rapido, Porter, OLA, Zypp etc for the supply backend, consolidating all 3PL services under one umbrella for brands and its sellers. magicpin is currently offering Velocity to multiple brands including K

Food delivery economy crucial, generates large-scale employment: Gadkari

Union Minister Nitin Gadkari on Tuesday said the food delivery economy is very important for India as it generates large-scale employment. Addressing Zomato's 'Sustainability and Inclusivity: Role of the Platform Economy' conference, the Road Transport and Highways minister said that at present India has 77 lakh delivery workers and this number is likely to touch 2.5 crore by 2030. "Giving employment to 2.5 crore youths of this country is really a big thing for the country...The most important priority for all of us is to create jobs," he said. The minister also appreciated online food delivery platform Zomato for providing employment to a lot of unemployed youth of the country. He also expressed concerns about the number of road accidents and said the delivery boys have high chances of meeting accidents as they have to deliver the items in a limited time frame. Gadkari said that in India, 45 accidents and 20 deaths take place per hour. The maximum lives lost are between the age

Swiggy share jumps 9%, hits record as Axis Capital initiates with 'Buy'

The northward move in the Swiggy share price came after the domestic brokerage Axis Capital initiated coverage on Swiggy, with a 'Buy' rating and a target price of Rs 640 per share

Swiggy promotes Bhakoo to chief business officer for food marketplace

Former vice president and national business head, Bhakoo has been a part of Swiggy's leadership for over six years, driving regional and national growth

Food delivery app Swiggy launches invite-only 'One BLCK' premium membership

Select users will be able to upgrade their Swiggy One memberships to One BLCK at a launch price of Rs 299 for three months

Zomato share price hits new high, up 27% in one month; m-cap nears Rs 3 trn

At 11:49 am; with Rs 2.91 trillion market-cap Zomato was trading 5% higher at Rs 301.50, as against 0.38% decline in the BSE Sensex.