Rare for global food delivery platforms to achieve profitability in less than 9 years, he says
Although ONDC's hyperlocal tilt gives small sellers effective inroads in e-commerce, disruption in food delivery market will be contingent on building scale, meeting quality set up by Swiggy, Zomato
However, the new e-commerce platform has a long way to go before it can match the technological and service capabilities of companies like Amazon, Flipkart, Swiggy, Zomato, and others
Currently, Zomato UPI has been rolled out to select users only. Further expansion of the service will hinge on the initial customer response
The report citing sources added that e-commerce platform Flipkart is also hopping on the bandwagon and has started its work for UPI offerings
Infosys remains the top buy for the second month in a row
Which way are Go First and Indian aviation flying in? What's behind Karnataka's economic miracle? How will ONDC affect Zomato's valuations? What is end-to-end encryption? Answers here
Which way are Go First and Indian aviation flying in? What's behind Karnataka's economic miracle? How will ONDC affect Zomato's valuations? What is end-to-end encryption? Answers here
Recently, ONDC has gained a lot of traction because of the stiff competition it is posing to major food aggregators like Swiggy and Zomato
Zomato may have to compromise on the margins whenever ONDC scales up. Its valuation multiples may see up to 15 per cent correction, analysts said
Waayu's launch comes at an interesting time when the government-backed Open Network for Digital Commerce platform is gaining more traction, following Swiggy's decision to charge Rs 2 platform fee
Zomato ended the session at Rs 60.94 (BSE), valuing the food delivery company at Rs 52,281 crore
Is ONDC the biggest threat to Zomato and Swiggy? Are we heading to a world without passwords? How will markets react to Karnataka poll results? What are Maharatna and Navratna companies? Answers here
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E-food delivery majors may instead partner the govt network
ONDC intends to bring the benefits of digitisation to millions of sellers and resellers in the country
Business Standard brings you top news at this hour
ONDC is not an app but a facilitative platform designed to "revolutionise" digital commerce
Adani Total Gas and Adani Transmission in the MSCI Standard indices could now halve
Downloads of food delivery apps like Zomato, Swiggy, Domino's, etc. have gone up in April over February