New Delhi: Online food aggregator Zomato on Tuesday, October 22 reported over 30 percent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25). Zomato’s board also approved the plans to raise Rs 8,500 crore via the qualified institutional placement (QIP) route, … Read more
Beijing-based Meituan on Monday introduced its food ordering and delivery service in Al-Kharj, a central city in the Gulf nation, according to an in-app announcement. The platform also appears to be launching soon in Saudi Arabia’s largest city, the capital Riyadh, according to a profile description of its verified account on X. A Meituan representative … Read more
Swiggy India: How India Eats An increase in eating out frequency, higher purchasing power and a growing customer base will drive the Indian food services market, according to a study by Swiggy and Bain & Company India’s food delivery segment is expected to cross Rs 2.12 lakh crore by 2030, growing at a compound annual … Read more
Representational Image New Delhi: Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 per order. Zomato introduced a platform fee of Rs 2 in August last year and later increased it to Rs 3 to improve its margins and become profitable. Buoyed by record food orders on … Read more
