Page 9 - Food Delivery

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Zomato currently has a market capitalization of around $20 billion

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Blinkit, formerly Grofers, was acquired by Zomato in 2022 in a distress sale via an all-stock deal for $568 million

Swiggy delivery agent caught on camera stealing shoes, company reacts

Swiggy reacts to a viral video where a delivery boy can be seen stealing Nike shoes outside a Gurugram flat. The company asked the complainant to contact the legal team or file a police complaint

Gaza aid to resume soon as 1,000 tons of food await delivery, says Cyprus

The U.S. plans to set up a dock, with a target date of May 1, on Gaza's Mediterranean coast that will enable aid deliveries which will be pre-screened in Cyprus, with Israeli oversight

Swiggy deliveres 6 million plates of Biryani this Ramzan, up by 15%

Cities such as Mumbai, Hyderabad, Kolkata, Lucknow, Bhopal, and Meerut saw a drastic increase in orders placed for Iftar sweet dishes, including Malpua, Dates, and Phirni during Ramzan

Bengaluru techie turns Swiggy agent for a day, shares her experience

Bengaluru techie shared her experience as a Swiggy agent for a day. She shared how technology has empowered the supply chain to make life easier. Here's what she learnt as an agent

Swiggy's executive exodus continues as vice president Karan Arora quits

The Vice President and Head of Supply Chain Management at Swiggy, Karan Arora, will join Convenio, an offline retail startup, as co-founder

What are the speed-breakers faced by Indian gig-workers on the fast lane?

The Congress party has recently promised to bring in a new law for the gig and platform economy. Take a look at the lives of gig workers as they navigate through an unregulated sector

Tata Neu changes its look with a new UI, eyes online food delivery foray

Source in the know also said that the firm is likely to roll-out its food delivery services during the ongoing Indian Premier League (IPL)

Zomato axes colour-coded veg fleet day after launch amid row: Explained

Zomato had earlier announced an exclusive "pure veg mode" and "pure veg fleet" for its vegetarian customers but scrapped the colour-based fleet plan after a social media backlash

'All riders wear red': Zomato drops green colour from pure veg fleet

Within a day of announcing its new 'pure veg fleet', Zomato received media backlash with customers raising concerns over driver safety and misidentification of delivery partners in red uniforms

Zomato launches 'pure veg mode' to woo vegetarian customers: All details

Food delivery company Zomato announced the launch of a special feature - 'pure veg mode' - that will include restaurants that only serve veg food

Innovating constantly driving next versions of our biz: Zomato CEO Goyal

Zomato CEO Deepinder Goyal on Monday said the company's culture of embracing disruption and being paranoid in order to evolve and stay ahead, is driving innovation in its business. He hinted that in one year's time Blinkit could be bigger than Zomato. Goyal - who is counted among India's growing tribe of celebrity founders - said the mantra for Zomato is "how do we disrupt our own businesses" and not become complacent. Speaking at the Startup Mahakumbh event, Goyal said "Zomato has a business plan competition going within the company, which is going to offer funds to a small team which will disrupt the businesses that we are in, and that could lead to Zomato version 5 or Blinkit version 2." Blinkit - the quick commerce platform - itself is part of Zomato 'version 4' he said, adding "in one year's time Blinkit could be bigger than Zomato, so I don't know how long Zomato will have its own relevance." During a fireside chat with Info Edge founder Sanjeev Bikhchandani, Goyal said the

A battle of delivery speeds: Blinkit, Zepto ignite quick commerce firestorm

Zepto's daily and monthly active user growth annually is faster than rivals, but Blinkit has more customers than Zepto

Just Eat forecasts 40% core profit jump, share decline by around 6%

Shares in Just Eat fell by more than 6% after its updated outlook matched market expectations, with one trader saying the lack of a new share buyback programme may disappoint investors

Food delivery company Swiggy changes registered name ahead of IPO

Swiggy is planning to file its draft red herring prospectus with the Securities and Exchange Board of India for its IPO in the next couple of days, aiming for an $11 billion IPO valuation target

Zomato summoned over 'false practice' of food from 'iconic restaurants'

A court here has issued a summons to food delivery app Zomato in a civil suit seeking a restraining order against the company from continuing its services allowing users to order "hot and authentic food" from "iconic restaurants" across the national capital. The court was hearing a plea filed by a Gurugram resident, which claimed Zomato was engaging in the "false and fraudulent" practice of delivering fresh food from well-known restaurants under its sub-category, 'Dilli ke Legends'. In an order passed recently, Civil Judge Umesh Kumar said, "Issue summons of the suit and notice of application." According to the plea, Sourav Mall placed an order on October 24 last year, from three different eateries in Jama Masjid, Kailash Colony and Jangpura, following which he tracked the delivery partner and found that the order was picked from the "unknown and unnamed" place and not from the original restaurant. "Why was the food picked up from a nearby location when there is no branch of the ..

Tastes2plate to raise Rs 30-40 cr to fuel growth in intercity food delivery

Kolkata-based intercity cooked food delivery startup, tastes2plate.com, is close to raising Rs 30-40 crore in Series A venture funding, aiming at unlocking exponential growth in the online food delivery market, which holds the potential to reach USD 3-5 billion within the next few years, an official said. Led by IT professional Gyan Srivastava, the bootstrapped startup took over three years to stabilize its business model through extensive innovation in packaging and logistics. This allowed the company to become the lowest-cost player in the industry, he said. "We are very close to raising Rs 30-40 crore in Series A funding," said Srivastava, CEO of tastes2plate (T2P) owned by Charabuni Services. The funds will be primarily used for capacity building in marketing, information technology, and logistics infrastructure, he said. "The funding will help us achieve 30-40 per cent month-on-month growth in the number of deliveries compared to our current volume. "While the total online f

Strong prospects may drive growth rates for food delivery platform Zomato

In the quick commerce segment, Blinkit GOV was Rs 3,500 crore (up 28 per cent Q-o-Q and up 103 per cent Y-o-Y), led both by stronger MTU and better ordering frequency

Uber bookings beat on robust demand for rides, delivery during holidays

Revenue increased 15% to $9.94 billion, ahead of estimates for $9.78 billion