Online 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 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...

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...

Can Amazon Food Break The Duopoly Of Swiggy And Zomato In Online Food Delivery Market?

After the acquisition of Uber Eats by Zomato the online food delivery market has become a two-horse race. The equations, however, are about to change. Currently, the food delivery space in India is largely dominated by Zomato and...

New Year’s Eve: Zomato, Swiggy Reports Biggest Surge In Online Food Ordering Ever!

Restaurants, one of the worst-hit sectors by COVID-19, saw an overwhelming surge in online food orders on the new year’s eve. All thanks to food delivery platforms Swiggy and Zomato. On Friday, Deepinder Goyal, Co-founder of Zomato, in a tweet-storm...

The Latest CCI Verdict in Favour of Swiggy is a Bad News for Consumers?

With the online food delivery scene being tense in recent months, a complaint against India's leading online food delivery platform Swiggy provided a much-needed glimpse into the ordeal customers' are going through. Swiggy was accused of exercising unethical practices....
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Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions

Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is...
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