NEW DELHI: TMC MP Mahua Moitra on Wednesday took to X and called out quick commerce platform Swiggy for delivering spoilt ice cream. The Krishnanagar MP demanded a refund or a replacement of her order.“Sorry @Swiggy -you’ve got to up your game. Unacceptable that I ordered expensive Minus Thirty mini sticks ice cream & it…
Zomato CEO Deepinder Goyal apologised for charging Rs 2 fee for veg-mode enablement and said that it is “stupid on our part.”Responding to a LinkedIn post that criticised this charge and called it “Zomato’s latest masterstroke,” Deepinder Goyal said the charge will be removed and will be fixed. He after few minutes again commented removed…
J P Morgan has maintained its ‘overweight’ recommendations on Swiggy with a target price of Rs 730 (+51%) and Zomato with a target price of Rs 340 (+40%). Analysts see current share prices as attractive entry points for both the stocks. They also have positive views of the two companies about their ramp-up strategies for…
India ushered in 2025 with a wave of excitement, as house parties and celebrations took center stage on New Year’s Eve. Data from India’s top quick commerce platforms like Blinkit, Zepto and others reveals a night of stocking up on party essentials like chips, soft drinks, and water bottles, reflecting the festive mood across cities….
BENGALURU: The e-commerce landscape in India is witnessing a convergence where quick commerce delivery services meet online retailers in their distinct ways. Major players such as Flipkart and Amazon ventured into 10-minute deliveries via small-format dark stores. At the same time, rapid-delivery specialists Swiggy, Blinkit, and Zepto are enlarging their warehouses to stock larger products,…
Zomato’s market cap has seen a remarkable 190% increase to Rs 2,51,900 crore. Zomato CEO Deepinder Goyal is India’s 2nd biggest self-made entrepreneur! Zomato’s valuation has seen a remarkable 190% increase to Rs 2,51,900 crore, positioning its CEO Deepinder Goyal as India’s second-highest valued self-made entrepreneur, according to Hurun India. Swiggy‘s leaders Sriharsha Majety and…
Shantanu Deshpande, founder-CEO of Bombay Shaving Company, has criticised the focus on ultra-fast delivery in India’s food delivery industry and has warned companies of a potential public health crisis. In a LinkedIn post, he expressed concerns about the prevalence of processed and unhealthy foods offered by platforms like Zomato and Swiggy, often prepared with frozen…
Swiggy Instamart has introduced a new “Shopping List” feature. This new feature on Swiggy’s quick commerce platform was added after a suggestion from a Gurgaon entrepreneur on X (formerly Twitter) and aims to improve the grocery shopping experience. The feature currently in a pilot phase will allow customers to easily create and manage their grocery…
Indian food-delivery platform Swiggy Ltd. is seeking to sell shares for as much as 390 rupees ($4.64) each in an initial public offering that may raise $1.35 billion, people familiar with the matter said.The IPO will open for bids from November 6, and the shares are expected to start trading from Nov. 13, according to…
Zomato has a clarification on the recent platform fee hike – a day after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) reportedly sought clarification from the online food delivery platform. Zomato said that the Rs 10 platform fee hike is “not a rumour”.In a document addressed to the BSE, Zomato said that…
