The infusion is expected to help Zomato compete with Tencent-backed Swiggy and e-commerce giant Amazon, which recently forayed into food delivery
Food delivery segment likely to bounce back to pre-Covid level in the next 2-3 months
Tapping small-tier cities, leveraging cloud kitchens to drive long-term growth for sector, says study
In a note for the male employees in the blog, Goyal said, "Our female colleagues expressing that they are on their period leave shouldn't be uncomfortable for us"
COO of ITC Hotels Anil Chadha said with the changing world order owing to the Covid-19 pandemic, these arrangements will help customers get their favourite cuisines sitting at home
The Gurugram-based firm had cut 13 per cent jobs in May due to the impact from Covid-19
The earnings before interest, taxes, depreciation, and amortization (EBITDA) in the last financial year stood at around Rs 2,200 crore, Zomato said in its performance report.
Cloud kitchens are essentially low-cost models where kitchens in places with cheap real estate are rented out, and from which deliveries are fulfilled mostly through an aggregator.
GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.
Mother Dairy, a leading milk supplier in Delhi-NCR, sells fruits and vegetables through more than 300 Safal outlets.
The company's home delivery service, 'Marriott on Wheels', has also branched out into providing corporate outdoor catering services and Bento Box meals
Pepsi, Coke, Britannia, Kwality Walls and a host of other brands line up for e-stores on delivery apps, rethink visual identities, and the retail experience
While the Flipkarts and Amazons are burying differences and banking on each others' strengths, vendors are altering production lines to sell masks, PPEs and other Covid-related merchandise
According to a research by UK broking house, Investec Securities, in the near term, out of home consumption is expected to take a back seat as the lockdown keeps more people at home
Food delivery giants such as Swiggy and Zomato are also aggressively coming up with new technologies and innovations to address the huge disruption in their business models
Starting with Bhubaneswar, Zomato will soon expand to other cities in Odisha like Rourkela, Balasore, Balangir, Sambalpur, Berhampur, and Cuttack, Zomato said in a statement
"E-commerce platforms may be utilised by the liquor shops permitted to do home delivery," said the BMC order.
The country's top chefs, in response to requests from followers and to tackle their own work-from-home blues, have been sharing culinary hacks in increasingly casual and honest tones.
Tech giant's food delivery service comes when major players in the space are reeling from Covid-19 impact
India was among the few countries to restrict liquor and tobacco sales as it announced one of the world's strictest lockdowns in March