Will surpass food delivery biz in 5 yrs, says CEO; announces India's 6th biggest initial issue
To have at least half a dozen options for quick commerce is a good thing in an economy where concentration of large monopolies and duopolies is on the rise
The Swiggy Seal, a badge for restaurants upholding strict hygienic standards, is introduced by Swiggy. Currently based in Pune, the project will eventually expand to more than 650 Indian locations
This permanent feature allows international users to not only order food but also access Instamart, Swiggy's quick commerce platform, and make table reservations via Dineout
Zomato has communicated that its festive season hike is temporary, whereas Swiggy has not offered any such clarification
In Bengaluru, a woman found out that her ex-boyfriend working for a food delivery service, had been using the app to track her location even after their relationship ended
The company has also received approval from its board of directors to raise up to Rs 8,500 crore via QIP of equity shares
Goyal, who has long expressed interest in health and wellness, has previously invested $10 million in Alpha Wave-backed Ultrahuman-a startup that makes health tracking wearables
Quick commerce startup Zepto is seeking funding from domestic sources, including Indian family offices and high-net-worth individuals, as it prepares for its upcoming IPO
E-com platforms are likely to offer discounts and wider assortments during the festive season
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.
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
Launched in May 2023, the app has partnered with over 3,000 restaurants across cities like Mumbai, Pune, Jaipur, Bengaluru, and Hyderabad
Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato
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
Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl
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 and Swiggy are both leading industry players in the online food delivery market and quick commerce segment
Previously, the service fee, also known as the commission, was calculated based on the net value for restaurants in smaller towns and cities
Quick-commerce grocery delivery platform Zepto, currently based in Singapore, plans to relocate to India to prepare for its IPO filing