Eternal introduces a 'Rotational Leadership' model for Zomato, ensuring fresh energy and structural agility, with time-bound CEO roles and a focus on reducing complacency
India's quick commerce market is projected to grow rapidly, reaching Rs 2 lakh crore by FY28, driven by rising adoption in Tier II and III cities, better delivery networks, and demand for instant fulf
Aditya Mangla takes over as CEO of Eternal's food delivery business from Rakesh Ranjan, as Deepinder Goyal signals a shift in leadership style at Zomato
Swiggy has introduced a new '99 Store' feature on its app, offering single-serve meals at just ₹99 in over 175 Indian cities. The is designed to attract Gen Z users and budget-conscious customers.
The new 99 Store offers single meals at ₹99 with optional free Eco Saver delivery and aims to cater to Gen Z consumers seeking low-cost, everyday food options
Goyal, who led business finance and contributed to Swiggy's IPO, will now oversee delivery operations and drive partner empowerment as part of leadership transition
The new platform will operate on a zero-commission model, charging restaurants a flat subscription fee
Shares of Eternal (formerly known as Zomato) and Swiggy rallied up to 6 per cent on the BSE in Thursday's intra-day deal, and traded higher for the second straight day.
Eternal is seen trading in a tight range of ₹220 - ₹247, with strong support seen around ₹218 levels; Chart hints at a likely positive bias for this stock; while Swiggy may face downward pressure.
In addition to the new delivery fee, Zomato has also asked some restaurants to sign new agreements reflecting a name change of its parent company to 'Eternal'
The consumer watchdog took suo-motu cognisance of unfair practices in 2024 and is now likely to direct Zomato and Swiggy to revise refund and cancellation policies
Rachit Ranjan will lead Zepto's policy, regulatory and government affairs vertical as the company accelerates growth and aims to build socio-economic value in India
Zomato and Swiggy will now apply rain surcharge on premium members ending earlier waivers as both platforms intensify efforts to boost profitability and cut losses
The average trading volumes at the counter jumped nearly eight-fold; with a combined 33.3 million equity shares representing 1.5% of the total equity of the company changing hands on the NSE and BSE.
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 Founder and CEO Deepinder Goyal has rejected an anonymous Reddit post alleging that things were "going off the rails" with the company, rebranded as Eternal, losing market share to Zepto Cafe and Swiggy and forcing employees to order from its food delivery platform. The post also claimed that the work culture has become "laughably inconsistent" with "toxicity" baked in, and the only thing keeping the company profitable now is platform fees, and the "crisis" compounded by "underpaid and overworked" delivery partners. In a post on X on Saturday, Goyal said, "All of this - reddit.com/r/StartUpIndia' - is utter nonsense. Neither are we losing market share, nor will we ever force our employees to order on Zomato. Freedom of choice is something we stand for vehemently." He further said "it is embarrassing to even clarify this -- but doing it since many people reached out to me with concern. And thanks everybody for your concern.. appreciate it". The Reddit post had alleged that "i
Acquisition plan shines a spotlight on soul food's growing market power
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Swiggy Instamart currently offers over 35,000 products, ranging from groceries and daily essentials to electronics, smartphones, fashion, makeup, and toys
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.