This comes as a shot in the arm for Zomato and Swiggy, the segment’s duopolists, given the seasonally weak nature of the quarter.

The Gurgaon-based company reported a net profit of Rs 2 crore for the three-month period ended June 30 as against a net loss of Rs 186 cror...

This is the second time Invesco has cut down its valuation in the food delivery firm. We reported last month that Invesco had marked down i...

The platform fee is levied in addition to the delivery charge, which is waived for customers of Swiggy One who make an upfront payment and ...

Zomato has been swamped with multiple concerns over its Blinkit business after the quick-commerce platform’s delivery executives went on a ...

The development comes just days after Karthik Gurumurthy, head of Swiggy’s quick-commerce vertical, Instamart, said he would step aside fro...

Gurumurthy said some of Instamart’s dark stores, of which there are more than 300 across India, are already profitable.

Tata Group is looking to offer an advisory role to Rajesh Gopinathan, the outgoing CEO of Tata Consultancy Services (TCS). Gopinathan is se...

The report pegged Zomato’s market share for the January-June 2022 period at 55%, with the remaining 45% being held by Swiggy. This changed ...

Private wealth management firm Bernstein predicts that Indian internet companies may face funding challenges for the rest of the year, poss...

The company reported a beat on unit economics, but growth slowed down, said the brokerage. GOV growth of 0.7% was led by AOV growth as orde...

The improvement in the operating performance comes even as Zomato's management acknowledged a slowdown in the food delivery business after ...

According to Zomato CFO Akshant Goyal, there has been an industry-wide slowdown in the food delivery business since late October (post-Diwa...

The National Restaurants Association of India (NRAI), an industry body, has advised restaurants to step up their own loyalty programmes on ...

"The relaunch of the loyalty programme is important due to growing concerns on sequential growth in Zomato’s food delivery business and the...

Zomato relaunches its Gold loyalty programme which would give its subscribers preferential access to restaurants amid high demand. In addit...

According to company sources, the Gold membership is currently being offered on an invite-only basis. However, users with existing Pro memb...