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Delhi Court Summons Zomato Over ‘Fradulent’ Fresh Food Delivery From Iconic Eateries
Inc42
·
1y ago
Medial
A Delhi court has summoned Zomato in response to a civil suit that seeks a restraining order against the company for allegedly delivering fresh food from iconic restaurants under the sub-category 'Dilli ke Legends'. The plaintiff claimed that Zomato's practice was deceptive and requested an explanation regarding the collection and delivery process. The matter is scheduled for further proceedings on March 20. Zomato recently reported a profit in the December quarter, primarily driven by its quick commerce business.
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Zomato introduces daily payouts for small eateries
Livemint
·
1y ago
Medial
Food delivery platform Zomato is introducing daily payouts for its small restaurant partners, replacing the current weekly payment system. This move aims to address the financial challenges faced by smaller eateries, who often struggle with a traditional weekly payout model. Initially, daily payouts will be available for restaurant partners receiving 100 or fewer orders per month. Zomato stated that this feature is part of their ongoing efforts to support the restaurant industry. The new system allows small eateries to switch to daily payouts, providing more frequent access to earnings.
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What is Swiggy’s 99 store for Gen Z and price-conscious users? - The Economic Times
Economic Times
·
15d ago
Medial
Swiggy has launched the '99 store' to attract price-sensitive and Gen Z customers, offering meals at Rs 99 with an 'eco saver' delivery option. This initiative comes as Swiggy-invested Rapido plans to introduce its food delivery service, Ownly, in Bengaluru, challenging the Swiggy-Zomato duopoly by offering lower commission to restaurants. The '99 store' is available in over 175 cities, featuring affordable meals and partner collaborations with local eateries and quick-service chains.
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Eternal appoints Aditya Mangla as CEO of food delivery business
YourStory
·
10d ago
Medial
Eternal appointed Aditya Mangla as CEO of its food delivery business at Zomato, replacing Rakesh Ranjan. Ranjan stepped down after a two-year tenure but will remain with the company. Mangla, with over four years at Zomato, previously led product, supply, and customer experience for the food delivery arm. This leadership change is part of an internal reshuffle aiming for fresh perspectives amid a slowdown in Zomato's growth, attributed to reduced demand and increased competition.
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Zomato Rolls Out Loyalty Programme For Restaurant Partners
Inc42
·
11m ago
Medial
Zomato is launching Brand Packs, its first loyalty program for select restaurants. The program aims to cater to customers who frequently order from their favorite eateries. Zomato has already partnered with over 4,000 restaurants for this initiative.
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Buy Swiggy, Zomato shares as QC concerns overblown
Business Today
·
4m ago
Medial
ICICI Securities suggests that concerns about competition in the quick commerce (QC) sector affecting Swiggy and Zomato are exaggerated. The market overlooks the positive growth in the food delivery sector. Food delivery has scaled profitably over the past two years. Tax cuts announced in the union budget for FY26 could benefit these companies, with potential long-term investment opportunities. Despite reduced marketing spending in quick commerce, maintaining valuations and securing fresh funding remains challenging.
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Sluggish demand, gig worker churn, q-comm competition behind slowdown in food delivery, says Deepinder Goyal
Economic Times
·
2m ago
Medial
Deepinder Goyal, CEO of Zomato parent Eternal, cites sluggish demand, a shortage of delivery workers, and competition from quick commerce as reasons for a slowdown in food delivery. Despite a 16% year-on-year rise in gross order value to Rs 9,778 crore, a 1% sequential dip was noted. Eternal also delisted 19,000 restaurants for quality issues. The company underwent leadership reshuffling for fresh perspectives, with Goyal overseeing food delivery temporarily after Rakesh Ranjan's role change.
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Zomato launches 15-minute food delivery offering
Economic Times
·
6m ago
Medial
Zomato has introduced a 15-minute food delivery service in Gurgaon, aiming to provide rapid deliveries from nearby restaurants. This initiative parallels Swiggy's Bolt, which constitutes over 5% of its orders. Additionally, Zomato-backed Blinkit launched Bistro for rapid food deliveries from its dark stores. Zepto, supported by Nexus Venture Partners, also competes in this quick delivery space with its Cafe service, delivering within 10 minutes.
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Quick commerce, food delivery firms clock order spike on New Year’s Eve
Economic Times
·
6m ago
Medial
On New Year’s Eve, quick commerce and food delivery platforms in India experienced high demand, with orders spiking significantly by the evening. Blinkit, a Zomato-owned platform, surpassed its total orders from Dec 31, 2023, by 5 pm. The company also launched a large-order fleet in Delhi and Gurgaon for bulk deliveries. Swiggy reported Bengaluru leading in food delivery orders and prepared for the surge with a fully-stocked Instamart warehouse and war rooms.
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Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries
Economic Times
·
1y ago
Medial
Food delivery platform Zomato has increased its platform fee for customers by 25% to Rs 5 per order, effective April 20. The fee increase, applicable in key markets including Delhi, Bengaluru, Mumbai, and Hyderabad, is expected to boost the company's earnings. Zomato's rival, Swiggy, already charges Rs 5 as a platform fee on food delivery orders. Zomato's platform fee is in addition to the delivery charge, but it is waived for Zomato Gold loyalty programme members. The fee was initially introduced in August 2023 at Rs 2 per order and was increased to Rs 4 earlier this year. The intercity delivery service, Legends, has been temporarily suspended by Zomato due to low consumer traction and legal issues.
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Zomato Now Delivers Food To Travellers At 100 Railway Stations In Partnership With IRCTC
Inc42
·
10m ago
Medial
Zomato has extended its collaboration with IRCTC to provide food delivery services to train travelers at over 100 railway stations in India. Zomato's CEO, Deepinder Goyal, shared the news on social media, highlighting the expansion of their partnership. This initiative initially commenced in 2023 with a pilot program at five stations, including New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi.
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