iD Fresh Food Secures Minority Investment From Apax Partners
iD Fresh Food secures minority investment from Apax Partners to expand its product portfolio and scale operations in India and Gulf markets.
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Tata May Enter Food Delivery Space, Plans To Take On Swiggy, Zomato
- by BW Retail World Bureau
- February 9, 2024
Tata Group is reportedly planning to enter the online meal-ordering business. According to media reports, the company’s’super app’, Tata Neu, intends to launch its food delivery service through the government’s Open Network for Digital Commerce (ONDC). The Tata Neu app already includes a food category page. When users click it, the app exclusively displays menus from […]
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Food & Beverage.
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Swiggy Revenue Soars 45%, Yet Net Loss Widens 15% In FY23
- by BW Retail World Bureau
- February 1, 2024
Swiggy, a food and grocery delivery company, reported a 45 per cent increase in operational revenue to Rs 8,265 crore in the fiscal year ending March 2023, while its net loss increased by 15 per cent to Rs 4,179 crore. The Prosus-backed business, which is presently preparing for an initial public offering (IPO), invested extensively during the […]