Page 12 - Online Food Delivery

Quick commerce not just a fad, here to stay, says Jefferies report

The Jefferies report was based on a visit to one of Blinkit's dark stores in NCR

High commissions by Swiggy, Zomato have restaurants turning to alternatives

New players like Thrive and DotPe, which charge less, are emerging as alternatives

Zomato launches 'intercity legends', now order from anywhere in India

Order popular, authentic dishes from anywhere and have them delivered to your doorstep

Zomato to focus on food delivery, Hyperpure and quick commerce: Chairman

Online food delivery platform Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, company Chairman Kaushik Dutta said on Tuesday. In his address to shareholders at the company's annual general meeting, Dutta said the move was part of strategy to focus "only on areas that have the potential to become meaningfully large businesses ten years from now". In FY22, he said Zomato was able to achieve strong top line growth while keeping its "adjusted EBITDA burn under control", despite multiple challenges such as disruptions due to Covid-19 pandemic, macro-economic uncertainty, rising inflation, fuel prices, among others. This year after reflecting on the strategic priorities as a company, given the size and scale of the platform now, Dutta said it was decided that the focus would be only on areas that have the potential to become meaningfully large businesses ten years from now. Subsequent

Swiggy Instamart delivered 50 mn egg, 30 mn milk orders in past two years

Some 62,000 tonnes of fruits and vegetables were ordered on Instamart during the past year. This is the weight of about 15,500 Asian elephants, Swiggy said

DoorDash confirms data breach through phishing, customers' data exposed

Online delivery giant DoorDash has confirmed that it has been hit by a data breach, which has affected several customers and merchants

Swiggy allows employees to work outside company to make more money

It said this could encompass activity outside of office hours or on weekends that does not impact their productivity on full-time job or have a conflict of interest with company's business in any way

Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY

Analysts expect the Gurgaon-based firm's net loss to contract to Rs 315 crore in Q1FY23 from Rs 360.7 crore in the year-ago period.

Swiggy announces permanent work-from-anywhere policy for most roles

Corporate, central business and tech teams will converge once a quarter at their base locations for a week to promote in-person bonding; it's work from office for partner-facing employees

Zomato tanks 14%, hits new low as lock-in for pre-IPO investors ends

That apart, according to Reuters, Domino's Pizza India franchise to consider taking some of its business away from popular food delivery apps, Zomato and Swiggy, if their commissions rise further.

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

Zomato's Blinkit acquisition may delay its road to profitability: Analysts

Due to limited financial and operating data, and intense competition, we forecast Blinkit to turn profitable only by FY27. Thus, he path to profitability for Zomato may get extended from FY25 to FY26

TMSEp194: Job announcement, food delivery apps, markets, economy categories

What is PM Modi's 'one million job' drive? Why's govt asking food apps to ramp up complaint-redressal? Will US Fed rate hike trigger market selloff? What are the different economies? Answers here

Why's govt asking food delivery apps to ramp up complaint redressal system?

The govt has asked food business operators like Zomato and Swiggy to submit a proposal on improving their consumer grievance redress mechanism and breakups of all the charges. Let's find out more

Centre orders online food operators to show break-up of all charges levied

Asks them to submit plan in 15 days for improving complaint redress

Swiggy plan offers unlimited free deliveries from restaurants 10 km away

Membership programme has exclusive offers on 1,000 products in Instamart, the company's daily essentials service.

Swiggy temporarily shuts Genie across cities due to worker shortage: Report

Swiggy Genie services have been impacted across Mumbai, Hyderabad, and Bengaluru, said report

Food startups: Not all hunky-dory under Covid, not all bleak as it weakens

Not every enterprise Business Standard spoke to had it as good as Swiggy or Zomato, and some even saw their very business models at risk. But all feel the post pandemic era holds a lot of promise

Under fire from restaurants, Zomato pushes food policy deadline to May 3

Zomato added that it would work closely with its restaurant partners to establish the genuineness of any complaint received

Biryani, BSE and bills: All about a billion Razorpay transactions in FY22

One of the takeaways from data analysis is that trading activity grew 247% over previous financial year