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Zomato

Nov 22, 2019, 11.12 PM IST

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ZOMATO

Zomato denies merger talks with rival Swiggy

Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.

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  • Sanjeev Bikhchandani, executive vice-chairman of Info Edge, said he was confident that Deepinder Goyal-led Zomato would not only defend its turf, in the face of an anticipated entry by Amazon into the space, but also grow in the face of increased competition.

    ​​The company said it has added thousands of restaurant partners across the 44 cities it operates in here. "We are aggressively looking at expanding our presence in the country,” Uber Eats Head of Operations India and South Asia Bansi Kotecha told.

    Whether IPOs are PE backed or not, there’s a mystery surrounding them.

    The startup would operate through a cloud kitchen format and will be available exclusively on platforms like Swiggy and Zomato to start with. Founded in November 2019, the firm currently employs over 10 well trained chefs, nutritionist and employees.

    As part of the mandate, Lodestar UM will continue to handle the media duties across all media touch points, including core and specialised media—digital, listening centre, content, and out of home (OOH)—across all Mahindra businesses like personal vehicles, commercial vehicles, farm equipment sector, trucks, real estate, finance, and corporate.

    Zomato rejects about 25% applications due to reasons like unavailability of proper documents, failure in background-check clearance and lack of right intent on part of the candidate to work as a delivery partner, the company said.

    The anti-terrorism squad of the Gujarat police arrested Moinuddin Pathan near the state border with Rajasthan earlier in the week.

    Mumbai and Bengaluru police have fined many food delivery agents who put incentives ahead of rules.

    Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.

    Negative revenues could be caused by commission revenues being lower than the cost of delivery, high refunds to consumers and UberEats paying restaurants for the food which they are not themselves giving discounts on, those tracking the space said.

    Two restaurant associations, NRAI and FHRAI are to come up with guidelines for the restaurant aggregator, Zomato, to follow and one of these is to reduce discounts even further for the discounts funded by restaurants are not acceptable.

    The government has proposed changes which would ensure gig workers get life and disability cover, health and maternity benefits, old age protection and any other benefit it may determine as helpful. The benefits have not been clearly defined yet, which is making companies anxious as they fear their operational costs will jump.

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