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
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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
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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
Motilal Oswal Financial Services last month initiated coverage on Zomato with a BUY rating
Through Handpicked, Swiggy used to sell a selection of premium, gourmet, imported and hard-to-get grocery items
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Zomato says association will enable it to 'significantly reduce carbon emissions'
The plan is a part of Zomato's plan to go completely electric by 2030
The delivery firm has also been hiring new riders to deal with the shortage since last week
Most of the stores of quick commerce player Blinkit have resumed operations after being affected by strike of delivery partners, according to a regulatory filing by Zomato. Blinkit, formerly known as Grofers India, was acquired last year by Zomato. Recently the operations of the platform were affected by the strike of delivery partners who were protesting against reduction in payouts per order. "We had to shut down some stores for a few days to ensure safety of our employees at stores and the delivery partners. Most of these stores have now resumed operations," Zomato said in a regulatory filing on Wednesday. The company further said, "Over the last few days we have made changes in the delivery partner payout structure with respect to the Blinkit business to address the needs of delivery partners, improve customer experience and reduce cancellation/order rejection, frauds by few delivery partners in the system. Such changes are done from time to time, as needed." It, however, did n
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
Set up in a college hostel back in 2014, Mukunda Foods has sold its products to about 6,000 restaurants that make Chinese, South Indian, Mughlai and other genres
Strike by delivery partners of grocery unit had no impact on operations or financial performance, says firm