Online Food Delivery

Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

Fintech firm BharatPe to offer food ordering with latest ONDC integration

Similar to other food aggregator applications such as Zomato and Swiggy, customers using the feature would be able to track their orders on a real-time basis

Suniel Shetty-backed zero-commission food delivery app Waayu Joins ONDC

Launched in May 2023, the app has partnered with over 3,000 restaurants across cities like Mumbai, Pune, Jaipur, Bengaluru, and Hyderabad

Zomato bans AI-generated images from food menus to preserve authenticity

Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato

Cost of convenience: Restaurants list higher prices in online menus

Consumers are generally paying more while ordering food from online platforms and apps compared to eating at the same restaurant from which they order online

Zepto set to enter buy now, pay later segment with 'Zepto Postpaid'

Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl

Food delivery giant Swiggy targets $15 billion valuation in India IPO

One of the sources said Swiggy aimed to use IPO proceeds to expand its quick commerce Instamart business and open more warehouses to better compete with Zomato

Zomato zooms past Swiggy in terms of growth in July, captures more market

Zomato and Swiggy are both leading industry players in the online food delivery market and quick commerce segment

Swiggy extends gross value service fee policy to non-metro restaurants

Previously, the service fee, also known as the commission, was calculated based on the net value for restaurants in smaller towns and cities

Zepto to raise $310 million, valuing quick-commerce firm at $5 billion

Quick-commerce grocery delivery platform Zepto, currently based in Singapore, plans to relocate to India to prepare for its IPO filing

Zomato allows customers to add cash delivery balance to their accounts

Zomato customers can now ask for the balance amount, if any, of cash on delivery orders to be added to their 'Zomato Money' account, and utilise it for placing future orders or dining out, CEO Deepinder Goyal said on Wednesday. He thanked Tata Group firm BigBasket for the inspiration behind the solution. "For cash on delivery orders, finding exact change can sometimes be inconvenient. Starting today, our customers can pay delivery partners in cash, and ask for the balance amount to be added instantly to their Zomato Money account. This balance can be used towards future delivery orders or dining out," Goyal said in a post on X, formerly Twitter. "Thank you @bigbasket_com for the inspiration for this solution, and our delivery partners (three of them are working as product managers with us) for insisting that we develop this asap," the Zomato CEO added. The online food delivery firm announced a significant increase in its consolidated net profit last week, reaching Rs 253 crore for

Zomato collected Rs 83 crore in platform fee from customers till March

Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24. "Adjusted Revenue as a percentage of GOV (gross order value), continued to increase primarily due to increase in restaurant commission take-rates, improvement in ad monetization and introduction of platform fee from Q2FY24 onwards," the report stated. All of these factors more than compensated for the reduction in customer delivery charge per order due to the free delivery benefit available on Gold orders, it added. Interestingly, most late night orders in the last fiscal year came from Delhi NCR, while most breakfast orders came from Bengaluru, Zomato shared in the report. The food delivery aggregator began levying platform fee at Rs 2

Magicpin to invest Rs 100 cr to onboard new food delivery partners on ONDC

Hyperlocal e-commerce firm magicpin plans to invest Rs 100 crore over the next three months to onboard over 1 lakh new restaurants and cloud kitchens on the government-backed e-commerce platform ONDC, the company said on Sunday. magicpin will invest funds towards offering onboarding incentives like zero commission, zero onboarding fees, and free home delivery, among others, for customers by newly partnered restaurants. "Our goal is to provide a risk-free entry to promote the participation of food merchants and restaurants in the digital economy by eliminating entry barriers such as high commissions and onboarding fees, and committing Rs 100 crore towards this initiative," magicpin CXO - Enterprise Brands Naman Mawandia said. magicpin is one of the leading seller apps on ONDC. Its food tech vertical competes with food delivery apps like Swiggy and Zomato. "We aim to not only accelerate the adoption of online food delivery among diverse restaurant partners, thereby benefiting the ...

Zomato rolls out 'Brand Packs' to reward repeat orders from restaurants

Zomato's new 'Brand Packs' feature aims to boost customer loyalty for more than 4,000 restaurants on the food delivery platform

Viral video: Ola delivery partner caught red-handed eating consumer's food

A Noida-based entrepreneur shared that an Ola food delivery partner demanded an extra Rs 10 to deliver the order and then kept him waiting for almost 45 minutes

Zomato, Swiggy to deliver alcohol soon?

Swiggy, Zomato increase platform fee to Rs 6 per order for revenue boost

Initially introduced in Bengaluru and Delhi, the fee implemented by Swiggy and Zomato is distinct from delivery charges, GST, restaurant fees, and other expenses associated with orders

One plate of momos cost Zomato Rs 60,000 in Karnataka: Here's why

On August 31, 2023, Sheethal had placed an order for momos via Zomato, paying Rs 133.25 but she alleged that she never received the momos nor did a delivery agent visit her home

In a first, Swiggy launches 'Eatlists' feature to share food recommendation

Swiggy's 'Eatlists' feature will allow food enthusiasts to compile and share their favourite dishes directly within the Swiggy app

Zomato shuts down hyperlocal delivery platform 'Xtreme' amid poor demand

Despite its strategic launch, 'Xtreme' failed to gain traction, leading Zomato to remove it from the Google Play Store