Page 9 - Online Food Delivery

Food delivery major Swiggy teases doubling platform fee from Rs 5 to Rs 10

The Bengaluru-based firm claimed that the increased fee is an experiment tested amongst a "small set of users" and the company is not planning a significant hike any time soon

Food delivery platforms see 18% jump in orders on New Year's Eve: Redseer

Online food delivery platforms in the country together saw a record 6.5-million orders on New Year's Eve 2023, clocking an 18 per cent year-on-year growth, a report said on Thursday. On New Year's Eve 2022, online food delivery platforms in the country had recorded 5.5-million orders. Redseer's Big Data analysis on Consumer Behaviour noted that the spike in food delivery orders on NYE23 was a nationwide phenomenon as metros, tier-1 cities and rest of Indian cities show almost similar growth in order volumes on this day. Consumers kept on ordering in high volumes throughout the day on New Year's Eve 2023, with the spike peaking for dinners and late-night orders, where the GMV (gross merchant value) delivered was 2.5-3x of other days of the year, it said. Redseer's Big data analysis also observes that on NYE23, customers not only ordered higher volumes, but they also spent more per order. According to Redseer, the average order value was up to 30 per cent higher than that of other da

Invesco raises valuation of Indian food delivery firm Swiggy to $8.3 bn

US asset manager Invesco has raised the valuation of Indian food delivery platform Swiggy to $8.3 billion from $7.85 billion in October in a second straight markup, regulatory filings showed

Food, quick delivery platforms clock all-time high orders on New Year's Eve

While Bengaluru, New Delhi, and Mumbai saw the highest number of orders among the metros, cities such as Jaipur, Chandigarh, and Ahmedabad too witnessed significant demand

Zomato increases platform fee to Rs 4 from Rs 3 in select markets

The fee is levied on all customers, regardless of whether they are part of the company's loyalty programme Zomato Gold, which provides benefits such as free deliveries and increased discounts

Zomato receives Rs 402 cr GST show cause notice, says 'not liable to pay'

The company claimed that it is not liable to pay the penalty for the period from October 29, 2019, to March 31, 2022

Food delivery app Zomato gets Rs 402 cr show cause notice over unpaid GST

Zomato said that it was not liable to pay any tax on delivery charges as it was collected on behalf of the delivery partners

Biryani most ordered dish in 2023 on Swiggy for the eighth year in a row

India ordered 2.5 biryanis per second in 2023, and on the day of the World Cup 2023 finals, on November 19, India ordered 188 pizzas per minute

Online delivery in Gurugram next year, offline store in 2: IKEA India CEO

Pulverer said that IKEA is also working on increasing sourcing from India, which currently stands at 30%

Zomato looks to venture into catering business to expand market share

Zomato had launched a multi-cart option in June which helps users to order from several restaurants at the same time

Swiggy appoints Anand Kripalu as independent director, chairperson of board

Kripalu holds a Bachelor of Technology in Electronics from IIT, Madras, and an MBA from IIM, Calcutta. He completed his Advanced Management Program at Wharton Business School

Paytm to bring 10 mn sellers to ONDC by 2025 end, says Vijay Shekhar Sharma

"Consumer value (on ONDC) will be dramatically different and superior to current e-commerce platforms," he said

Swiggy's food delivery business grew 17% to $1.43 bn in H1 FY24: Prosus

Online aggregator's operating metrics improved and loss reduced, says investor

ICC Cricket WC: Fans tuck into dosa, biryani as Virat Kohli hits 50th ton

Impresario Entertainment & Hospitality, which operates food chains like SOCIAL and Smoke House Deli, has seen a 20-30 per cent spike in order volumes during the ongoing event

Why Zomato's side ventures may outshine its core food delivery business

According to Deepinder, in some of these cities, Blinkit's GOV, which is growing at more than 80 per cent, is already more than Zomato's

Zomato reports profit at Rs 36 cr in Q2, revenue up 71% to Rs 2,848 cr

Surges 18x sequentially in Q2; uptick in adoption of loyalty plan key driver

Swiggy raises platform fee by 50% to Rs 3 on food delivery orders

Swiggy had begun levying a platform fee to its customers in April regardless of the order value

Swiggy One Lite membership launched for Rs 99, offering discounts

This membership includes free delivery, extra benefits in food, and grocery, and 30 per cent extra discounts across over 20,000 restaurants

Swiggy accused of charging Rs 3 extra on orders, company says 'tech bug'

Swiggy had been accused of rounding up the bill total to the nearest whole number and adding Rs 3 to customers' order value

Zomato stock rally may show signs of exhaustion from here on: Analysts

This is because the stock price of Zomato is factoring in all the positives, including earnings growth