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ONDC logs over 25,000 orders a day; says product-related complaints negligible

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Sowmya Ramasubramanian ( ) The Open Network for Digital Commerce (ONDC) is seeing growth in terms of ecommerce order volume with more...

Restaurant body launches zero-commission food delivery app Waayu to take on Zomato, Swiggy

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Sowmya Ramasubramanian ( ) The Indian Hotel and Restaurant Association has launched a new food delivery app 'Waayu' aimed at offering restaurants...

Invesco cuts Swiggy’s valuation to $5.5B amid volatility: Report

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Team YS ( ) Invesco has slashed food delivery firm's Swiggy valuation to $5.5 billion as per media reports.This would be the...

Swiggy pilots ecommerce feature with one-hour delivery in Bengaluru

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Sowmya Ramasubramanian ( ) Food delivery firm Swiggy is testing a new ecommerce feature in its app, Maxx which promises to deliver...

Coca-Cola India buys 15% stake in food delivery startup Thrive

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Sowmya Ramasubramanian ( ) Coca-Cola India has acquired a 15% stake in Thrive, a Mumbai-based online food ordering and delivery platform, marking...

JM Financial cuts Zomato growth forecast from 25% to 21% over FY23-27

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Sowmya Ramasubramanian ( ) Food delivery firm Zomato is likely to grow at a compound annual growth rate (CAGR) of 21% over...

Zomato reclaims market share from Swiggy pushed by Gold programme: HSBC

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Sowmya Ramasubramanian ( ) Food delivery major Zomato has started reclaiming some of its market share from rival Swiggy in the food...

Swiggy to lay off 250 employees in December: Report

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Team YS ( ) Food delivery giant Swiggy is reportedly laying off more than 250 employees this month across operations, technology, customer...

Alibaba to sell Zomato shares worth $200M on Nov 30: Report

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Sowmya Ramasubramanian ( ) Alibaba Group, one of Zomato's biggest shareholders, will reportedly sell shares worth $200 million in the food delivery...

Amazon to close down food delivery business in India

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Sowmya Ramasubramanian ( ) Ecommerce major Amazon is winding up operations of its food delivery segment in India from December 29 in...

Zomato Co-founder Mohit Gupta steps down

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Payal Ganguly ( ) Delhi-headquartered foodtech company Zomato announced that Mohit Gupta, who was elevated to the status of Co-founder in 2020...

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