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Liquor home delivery: Swiggy, Zomato, BigBasket to restart what they did during COVID-19 lockdown days, says report
Livemint
·
1y ago
Medial
Food delivery giants Swiggy, BigBasket, and Zomato are reportedly considering adding low-alcohol drinks such as beer, wine, and liqueurs to their delivery services. Multiple states in India are exploring pilot projects to allow alcohol deliveries through these platforms. In 2020, Swiggy and Zomato had already launched alcohol delivery services in non-metro areas to diversify their offerings during the COVID-19 lockdown. Delivery of alcohol to homes is currently only permitted in Odisha and West Bengal. This move aims to cater to a growing expat population, changing consumer profiles, and those seeking a convenient way to purchase alcohol.
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Zomato-backed Magicpin's cofounder Brij Bhushan to leave company
Economic Times
·
1y ago
Medial
Brij Bhushan, co-founder of Zomato-backed startup Magicpin, announced his departure from the company in a LinkedIn post. Bhushan, who started the Gurugram-based company in 2015, expressed gratitude for the growth and challenges experienced during his nine years at Magicpin. He highlighted the company's resilience during the COVID-19 pandemic, creating a home delivery system to support local retailers. Magicpin's operating revenue grew 60% to Rs 233 crore in FY22. Bhushan did not disclose his next steps. Magicpin recently raised $60 million in an institutional funding round.
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Consumer internet companies charge per order fees to up margins
Economic Times
·
1y ago
Medial
Consumer internet platforms like Uber, BigBasket, Zomato, and Swiggy are now charging per order fees to optimize unit economics and increase profitability. Uber is imposing a distance-based 'booking fee' on its cab services, while BigBasket has introduced a Rs 5 handling charge on its quick commerce platform. Zomato and Swiggy already charge a platform fee of Rs 2 on food delivery orders. These charges aim to cover operational costs and reflect the cost of providing convenience to customers.
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Infosys employees will now be required to be in the office 3 days a week
Livemint
·
1y ago
Medial
Infosys employees will be required to work at the office for at least three days a week, as the company seeks to restore regular office routines. Management has expressed dissatisfaction with low compliance to return-to-office appeals and highlighted that the three-year work-from-home arrangement post-Covid is sufficient. While exceptions will be made for medical reasons, the company expects employees to resume regular office attendance. Infosys is also reinstating charges for bus services and health club facilities. This directive would revive the attendance system before the pandemic-induced lockdown in early 2020.
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'We'll be proud to send PM Modi into space': ISRO chief S Somnath
Internet
·
1y ago
Medial
ISRO Chairman S Somnath announced that PM Modi might be candidate for India’s first manned space mission, ‘Gaganyaan,’ set for 2025. The mission aims to send Indian astronauts in a home-built rocket to low Earth orbit for three days, delayed from 2020 due to COVID-19. The project will make India the fourth country to send humans into space.
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This startup from Guwahati is bringing mead to Indian consumers with a distinctly local flavour
YourStory
·
1m ago
Medial
Dream Hives, a Guwahati-based startup founded by Kaustoov Gopal Goswami and Dhrubajyoti Deka in 2021, aims to introduce mead, an ancient honey-based alcoholic beverage, to Indian consumers with local flavors. Originating from a community beekeeping initiative, the company faced honey surplus during the COVID-19 lockdown, inspiring the transition from selling honey to creating mead. Their flagship product AS01 features distinct Assamese ingredients like Assam tea and King Chilli, positioning them as Northeast India’s first meadery.
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BigBasket to join 10-minute food delivery race by FY26, takes on Zomato, Swiggy
Business Today
·
1m ago
Medial
BigBasket, supported by Tata Group, plans to launch a 10-minute food delivery service across India by 2026, aiming to rival Zomato and Swiggy in the quick-commerce market. The service expansion includes increasing dark stores from 700 to 1,200 by 2025, enhancing logistics for rapid delivery. Following a successful pilot in Bengaluru, BigBasket seeks to not only provide speed but also improve service quality to maintain its standing among consumers.
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Only Bigbasket, Urban Company guarantee minimum wage for gig workers: Fairwork India report
YourStory
·
10m ago
Medial
- Only Bigbasket and Urban Company have policies ensuring that their gig workers earn at least the local minimum wage after accounting for work-related costs. - Platforms like Amazon Flex, Bigbasket, BluSmart, Swiggy, and Zomato scored well in providing fair working conditions, including safety equipment, training, and accident insurance. - Bigbasket, BluSmart, Swiggy, Urban Company, Zepto, and Zomato offer clear and accessible contracts to gig workers, with transparency on pricing and advanced notifications of any contract changes. - The lack of formal recognition for worker unions or collectives remains a significant challenge, preventing fair representation and worker voices in decision-making processes. - Upcoming regulatory changes, such as draft bills in Karnataka and Jharkhand, aim to improve gig workers' working conditions and establish social security measures and algorithmic transparency. - Platform companies and industry associations have raised concerns about these changes, citing burdensome provisions and potential negative impacts on their operations.
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Companies lag on worker rights: survey
Economic Times
·
10m ago
Medial
- A survey by Fairwork revealed that only four out of 11 assessed companies achieved a score of 6 out of 10 for fair working conditions. - The annual study evaluated popular platforms like bigbasket, Swiggy, Zomato, Flipkart, and Ola based on five principles: fair pay, fair conditions, fair contracts, fair management, and fair representation. - Only bigbasket and Urban Company implemented a minimum wage policy to ensure fair pay, earning the first point in the fair pay category. - Amazon Flex, bigbasket, BluSmart, Swiggy, Urban Company, Zepto, and Zomato were recognized for ensuring worker safety, fair contracts, and fair management. - None of the assessed companies received a point for recognizing worker collectives, despite instances of worker protests in the country. - Ola, Porter, and Uber scored zero in all five principles, while Flipkart earned a point for fair management and Amazon Flex earned points for fair conditions and fair management.
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Online Grocery Space Losing Shine As More People Turn To Offline Fruit, Vegetable Purchases
Inc42
·
1y ago
Medial
A survey conducted by community media platform LocalCircles reveals that only 7% of respondents prefer purchasing fruits and vegetables online, while 66% opt for local or weekly markets. The online grocery market in India, which experienced significant growth during the COVID-19 lockdown, is now facing a decline due to decreasing discounts and concerns over product quality. The survey highlights issues such as low quality produce, high prices, difficult returns, and inconsistent stocking. Consumers are increasingly turning to local markets for their grocery needs.
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BigBasket Under Pressure: Tata Sons Pushes for External Funding Amid Quick Commerce Race
OutlookIndia
·
5m ago
Medial
Tata Sons is dissatisfied with BigBasket's performance in the fast-growing quick commerce market, where competitors like Zomato, Swiggy, and Zepto are advancing rapidly. As a result, Tata Sons pushes BigBasket to seek external funding of $1 billion to remain competitive. Despite not leading this funding round, Tata Sons is encouraging BigBasket’s management to bring in financial investors. BigBasket aims for profitability and an IPO by 2025, with its new BB Now service.
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