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Quick service restaurants’ revenue, margin under severe stress; recovery seems distant: Report

The rising popularity of food aggregators has hurt dine-in sales of quick service restaurants (QSR) and has also fragmented delivery salesMumbai: With the exponential growth of food delivery apps like Zomato and Swiggy, quick service restaurant operators are finding...

Zomato proposes to acquire Shiprocket, say reports

As per reports, Zomato seeks to acquire Shiprocket for $2 billion, but Shiprocket denies news, calling it “speculations” New Delhi: Online food delivery platform Zomato has proposed to acquire Indian e-commerce startup Shiprocket, according to media reports. Zomato has offered to...

Alipay Singapore Holding exits Zomato, sells 3.44% stake worth Rs 3,337 crore

Alipay Singapore Holding Pte sold more than 29.60 crore shares of Zomato in 31 tranches on the BSENew Delhi: Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba, on Wednesday divested its entire 3.44% stake in online food...

Restaurants looking at ONDC to cut reliance on Swiggy/Zomato

Experts say that thousands of small to big restaurants are already selling through ONDC and the number is growing rapidlyNew Delhi: India’s restaurant industry is seeking to cut its stranglehold reliance for online orders on two food-aggregator powerhouses Swiggy...

Zomato reports Rs 36 crore profit after tax in Q2

Revenue from operations was Rs 2,848 crore in the quarter. In the year-ago period, it was Rs 1,661 croreNew Delhi: Online food delivery platform Zomato on Friday reported a consolidated profit after tax of Rs 36 crore for the...

Softbank sells 1.16% stake in Zomato for Rs 947 crore

Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange New Delhi: Japanese conglomerate Softbank on Wednesday divested a 1.16 per cent stake in online food ordering company Zomato for Rs 947...

Pataa: Simplifying addresses, improving deliveries

From tie up with ISRO to voice directions, how Pataa is helping improve location accuracy by simplifying India’s complex addresses New Delhi: If physical retail is about location, e-commerce is about an address. Last-mile deliveries are the most important leg...

ITC Sunfeast Baked Creations pays tribute to Chandrayaan 3 mission with a special dessert

Called Lunar Dulce de Leche Choux Bun by ITC Sunfeast Baked Creations, the dessert features a velvety white rocher glazed choux bun resembling the moon and is adorned with a chocolate replica of the Chandrayaan 3 rover New Delhi: Paying tribute to the...

Zomato, Battery Smart join hands to provide battery swapping access to delivery partners

Under the partnership, Zomato's delivery partners can get access to Battery Smart's existing network of over 800 swap stations across more than 30 citiesNew Delhi: Online food ordering and delivery platform Zomato on Monday said it has partnered with...

Delivery work not permanent career choice, gig staffing segment sees half-yearly churn: experts

A Zinnov and Microsoft study in March noted that gig workers will play an instrumental role in India's USD 5 trillion economy, with the current 77 lakh gig workforce set to triple to 2.3 crore by 2030, generating USD...
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Parle, Britannia, and Amul named as top 3 most chosen in-home FMCG brands: Report

On a global scale, the five most chosen FMCG brands are Coca Cola, Colgate, Maggi, Omo and Knorr Bengaluru: Parle Products...
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