food delivery

Swiggy Delivered Double-Digit Revenue Growth in FY23, But IPO Hopes Hinge on Turning Red Ink Blue

Swiggy, India's online food and grocery-delivery company, has recently filed its financial statements for fiscal 2023, ending on March 31, 2023, and the results are noteworthy. The company reported an impressive 45% YoY growth in its operating revenue, amounting...

Swiggy’s Rs 10 Platform Fee Experiment: A Bite Out of Budget-Friendly Customers in India?

Swiggy will soon introduce a platform fee of Rs 10, a jaw-dropping increase of over 3X from the current Rs 3 levied on most customers in India. The online food and grocery delivery firm has already begun teasing this...

Zomato Plays the Long Game: Prioritizes Brand Identity Over Super App Ambitions, Ditches International Dreams

Zomato has been making waves in recent months with its strategic business restructuring decisions in a bid to strengthen its dominance in India's fiercely competitive food delivery sector. A crucial part of this strategy involves making Blinkit, its quick...

Swiggy and Zomato Lock Horns in India’s Food Delivery Price War: Enough to Entice New Customers?

In India's rapidly expanding online food delivery landscape, industry frontrunners Zomato and Swiggy are revamping their strategies to appeal to a growing demographic of budget-conscious consumers, specifically focusing on students and job-seekers. As the conventional methods of customer acquisition...

Zomato FY Q2 2024: Second Straight Profitable Quarter with 72% YoY Revenue Surge

Zomato Ltd. (NSE: ZOMATO), India's online food delivery major, unveiled its financial results for the second quarter of fiscal 2024 ending September 30, 2023. Interestingly, the company witnessed substantial growth in both revenue and net profit during this period....

Zomato FY Q1 2024 Results: A Historic Profit, 70% YoY Surge in Revenue Cements Its Dominance in India’s Online Food Delivery Market

Zomato (NSE: ZOMATO) released its much-anticipated financial results for the first quarter of fiscal 2024, ending on June 30, 2023, leaving investors overjoyed. In a historic achievement, the Indian food-delivery giant reported its very first profitable quarter, a milestone...

Swiggy, Zomato, Blinkit saw record-breaking food and grocery orders on New Year’s Eve!

December is a holiday-filled month, including Christmas and New Year. As no new year party is ever complete without food and drinks, millions of Indians on 31 December 2022 used their smartphones/laptops to order food online. On new year's...

Amazon failed to compete with Swiggy, Zomato in India: Shutting down its food delivery business

Amazon Food is shutting down in India. This news comes as a surprise given that Amazon's food delivery service has been operational in the country for a little over two years now. In January 2020, the e-commerce giant started...

Zomato Q4 FY22 Results: Lost Rs 4 crore every day despite 75% jump in revenue

India's leading food aggregator Zomato's Q4 FY22 results are out. The company presented a mixed bag of performance in the last fiscal quarter of 2022 albeit with a promising forecast for the quarters to come. Zomato's net loss in Q4...

Zomato Offers Unlimited Free Delivery To Match Swiggy Super

The competition between Zomato and Swiggy is bound to intensity as both the food delivery unicorns have created a bigger war chest to strengthen its market presence. In a bid to lure Swiggy's premium customers, Zomato has launched Zomato...
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Fraud Cases in Indian Banks Tripled in Two Years: Payments Banks at Highest Risk

As technology adoption has surged over the past decade, so has the number of banking fraud cases in India....
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