Quick commerce company Zepto has been exploring the introduction of platform fees alongside handling charges and delivery fees to enhance its profitability. Zepto has initiated a platform fee of Rs 2 per order, in addition to handling charges varying between Rs 5-20 based on factors such as order size, location, and time of day. This […]
Food and grocery delivery platform Swiggy has officially changed its registered name from Bundl Technologies to Swiggy Pvt Ltd, following a special resolution approved by the company’s shareholders. “The change in the name of the company will help establish greater proximity and identification of the company’s corporate name with the company’s core brand, ‘Swiggy’,” the […]
The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
Valentine’s Day Sales Skyrocket for Zomato, Swiggy, Blinkit, Dunzo, and Zepto as Flowers, Cakes, Teddies, and Surprising Trends Take Center Stage In the spirit of Valentine’s Day, the food and quick commerce sector, platforms including Zomato, Swiggy, Blinkit, Dunzo and Zepto, have experienced substantial growth. The firms reported a significant surge in items ordered like […]
A court here has issued a summons to food delivery app Zomato in a civil complaint seeking a restraining order to prevent the firm from continuing its services, which allow users to buy “hot and authentic food” from “iconic restaurants” around the national capital. The court was hearing a case brought by a Gurugram resident […]
Zomato declared a consolidated net profit of Rs 138 crore for the December quarter. The company reported a combined net loss of Rs 347 crore in the same quarter last year, according to a regulatory filing. Consolidated income from operations in the third quarter of the current fiscal year was Rs 3,288 crore, up from Rs […]
Zomato-owned quick-commerce platform Blinkit on Thursday said its ad revenue climbed more than threefold during the December quarter, compared to the same period a year ago. While the company did not share specific advertising income figures, it did state that growth was stronger than the year-on-year increase in gross order value (GOV). Blinkit’s GOV for […]
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 […]
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 […]
Zomato has obtained a licence from the Reserve Bank of India (RBI) for its subsidiary, Zomato Payments, allowing the company to function as an online payment aggregator. This milestone positions Zomato alongside industry leaders like Tata Pay and Razorpay, expanding its role in the burgeoning digital payment landscape. Zomato Payments was established to conduct business […]
