Food firms feast on binge watching
Streaming services driving sales in food delivery, ready-to-eat, packaged food segments. The surge is more evident for restaurants, with fine-dining and quick service outlets reporting faster growth in home delivery, which has resulted in aggregators Swiggy and Zomato also reporting swift growth.
Autos to tea stalls: UPI makes inroads
Given the low payment infrastructure cost, UPI is bridging the gap between organised retail and small ...
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for comp...
ET Awards 2019: Entrepreneur of the year awarded to Sriharsha Majety, CEO, Swiggy
Swiggy has grown from clocking around 700,000 orders a day till a year ago to doubling that number to 1.4 million daily orders today, becomi...
Flipkart leads $60 million round in logistics startup Shadowfax
The companies did not disclose the transaction value, but sources briefed on the matter told ET that the investment valued Shadowfax at about $200-$250 million, and is also likely to see other new investors join in.
ET Awards 2019: Swiggy boss impressed with Bandhan Bank’s tale of disruption, calls it inspiring
Wipro's Rishad Premji thought that E Sreedharan’s story was the most-inspiring one.
Zomato, Swiggy, UberEats reduce discounts as food delivery market grows cold
Across the sector, monthly growth fell to 1-2% between Aug and Oct, hurt by a slowdown in consumer spending, cut in discounts and promotions.
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.
ET Awards: Want 30% pie beyond food delivery, says Swiggy
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
Swiggy will invest another Rs 75 crore to expand its cloud kitchens
Cloud kitchens are delivery-only properties that help restaurants reduce their real estate and labour costs while keeping the window of expanding brands and offerings rapidly. Swiggy claims to have created 8,000 jobs through Access and looks to add 7,000 more in the next 6 months.
Karnataka govt scripting labour law for app-based services
The labour department has prepared a set of draft rules which is being vetted by National Law School of India University (NLSIU) professors Babu Mathew and V Nagaraj. The department will take their inputs before taking a call on how to go about the exercise.
Zomato frontrunner to acquire UberEats
Talks for the acquisition come even as Zomato is in the midst of raising capital where it has already got a commitment from existing backer Ant Financial for $200 million. The funding round will value Zomato over $3 billion, and a potential share-swap may also happen using that benchmark.
Working with restaurants to resolve issues, says Swiggy
We’re working with restaurant partners to drive more meals; not more discounts, Swiggy Marketing VP TS Srivats.
Disregard for rules puts Swiggy and Zomato delivery boys under police lens
Mumbai and Bengaluru police have fined many food delivery agents who put incentives ahead of rules.
Healthy food brand Binge Baefikar unveiled in Kolkata
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.
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