More e-tailers doing away with OTPs
Flipkart has already done so, and others like Swiggy and ride-sharing apps are about to follow.
Fine-dining chains smell the money in delivery-only brand
Firms utilise their excess kitchen capacity and cloud kitchens to cash in on the fo...
Internet blackout, protests leave gig workers reeling
Food delivery agents earn between Rs 25,000 and Rs 50,000 a month, depending on the num...
Swiggy & BigBasket CEOs are thick friends, bounce ideas off each other
We have seen plenty of corporate rivalries. However, this one is a tale of two best friends.
Ant Financial places $150 million on Zomato table at $3 billion valuation
Zomato was last valued at $2 billion when it picked up capital last year after it sold its UAE delivery business to Berlin-based Delivery Hero for $172 million (Rs 1,220 crore) and separately raised $105 million.
Swiggy seeks higher commissions from restaurants in certain regions
The food delivery firm is looking to get restaurants to fund a larger chunk of promotions.
Cloud kitchens on boil as DPIIT checks FDI compliance
Govt is set to make clear if cloud kitchens, started by food-ordering platforms, violate FDI rules.
Millions of gig workers set to get health cover, other sops with labour law tweak
The code on social security, one of four codes that are intended to refashion 43 labour laws, seeks to extend coverage of employees state insurance corporation act across India and to all establishments employing 10 or more employees.
Ethnic drink start-up GoliSoda enters home desserts segment
To popularise the new product additions, GoliSoda is launching a three-week paayasam/ kheer festival across its ten operational stores in Hyderabad.
Harsh Goenka, Nykaa boss & Swiggy CEO have a 'healthy' resolution for 2020
The BCCI president said that he has a lot to do at the moment.
How online shopping boom has created a new sector of employment
Customers using apps for shopping has meant shifting dynamics in jobs at the bottom of the urban pyramid.
Humans of gig economy: The cultural transformation of the delivery agent
The ubiquity of these workers is such that it’s easy to forget that it has been around for less than 5 years.
Have 60% revenue mkt share in food delivery: Swiggy's Sriharsha Majety
Majety, 33, says the company is moving towards improving its bottomline as discounts come down. Swiggy, he said, will continue to invest in new growth areas like ‘Stores’ and parcel delivery service ‘Go’.
Swiggy parent’s losses mount 5X to Rs 2,363 crore
Swiggy spent Rs 1,593 crore in delivery costs and Rs 423 crore on salaries and wages. The company also spent Rs 778 crore on marketing and advertising expenses to compete with Zomato. Part of Swiggy’s expenses can be accounted by Rs 113 crore lost in order cancellation.
Indians ordered 95 biryanis per minute; falooda is the new favourite dessert this year
The humble khichdi witnessed a 128 per cent increase in orders this year.
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