On New Year’s Eve, the food-delivering app Swiggy reported more than 4.8 lakh biryani orders along with 1,244 dish units ordered every minute, the news agency PTI reported. Hyderabad ordered the most biryani during the period, according to the report, the groceries and home essentials delivery app, Swiggy Instamart witnessed 1.6 times more orders per […]
In a spectacular display of its growing dominance in the food delivery industry, Zomato celebrated a triumphant New Year’s Eve, marking a significant surge in orders that eclipsed previous years’ records. Zomato CEO Deepinder Goyal took to social media to share some incredible news. In a post, he unveiled a remarkable achievement for the platform […]
In a regulatory filing on 28 December, 2023, prominent online food delivery platform Zomatohas stated that it has received a show cause notice (SCN) from the Goods and Services Tax (GST) office. The notice pertains to an alleged tax liability of Rs 401.7 crore, accompanied by interest and penalties, related to the collection of delivery […]
Zomato’s shares opened higher on 22 December, a day after CEO Deepinder Goyal denied reports of the company planning to acquire Shiprocket for USD 2 billion. Goyal stated in a post on X (formerly Twitter), “We have noticed that there are certain news articles circulating in the mainstream media with the subject ‘Zomato offers to […]
Prosus, the largest shareholder in Swiggy, revealed a 35 per cent reduction in its share of the Indian food-delivery giant’s losses, amounting to USD 208 million for the half-year period ending on 30 September. Prosus, based in Amsterdam and affiliated with the South African conglomerate Naspers, holds a 32.7 per cent stake in Swiggy. Considering […]
Chinese payment group Alipay, a subsidiary of Ant Group, is reportedly planning to divest its 3.4 per cent stake in the food delivery platform Zomato for approximately USD 400 million through block deals on Indian stock exchanges, the news agency Reuters reported. Alipay is set to sell its entire 3.44 per cent stake in the […]
During the ongoing ICC World Cup Finale match between India and Australia on Sunday, quick-commerce platforms Zepto and Blinkit said that they were on course to record their highest daily sales, with a notable surge in orders for the Indian jersey. Swiggy reported that pizzas and burgers dominated the most-ordered items on its food delivery […]
The boom in the subscriptions economy is causing ‘subscription fatigue’ in India, according to a new survey. Nine in ten (89 per cent) Indian subscribers believe there are now “too many” subscription services available. As a result, 92 per cent now demand a unified platform to administer all of their subscriptions. Despite many feeling overwhelmed, […]
Ahead of Ganesh Chaturthi festival, Goa Chief Minister, Pramod Sawant, on Thursday unveiled the Goa Chavath e-Bazaar, listing products by local women entrepreneurs and self-help groups on ‘Swiggy Minis’ as part of a Memorandum of Understanding (MoU) with online delivery platform, Swiggy. The delivery platform entered into an agreement with the Goa government on Thursday […]
Open Network for Digital Commerce (ONDC), recently celebrated a major milestone in its journey with over 50,000 restaurants now live for placing online orders on the Open Network, across 172 cities in the country. The number of restaurants on the Open Network shot up from 500 in February 2023 to 50,000 in August 2023, depicting […]
