Zomato, Zepto 10-minute Delivery is Getting us High on a Drug Called Instant Gratification
2 years, 9 months ago

Zomato, Zepto 10-minute Delivery is Getting us High on a Drug Called Instant Gratification

News 18  

“Customers are increasingly demanding quicker answers to their needs. They don’t want to plan, and they don’t want to wait.” In a recent blog post, Zomato founder and CEO Deepinder Goyal, explained his rationale behind joining the 10-minute delivery rat race. No wonder, then, since food deliveries started becoming more and more ubiquitous in India, consumers started demanding quicker response rates, as evidenced by Goyal’s admission. While investing in ambulances requires investors and entrepreneurs to think about the larger public good, there’s much more money to be made in the market of the self. We’re constantly being hit by In the West, where the treadmill of instant gratification has already crashed to a great extent, if not entirely, there are many ‘slow living’ movements that have arisen in response.

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History of this topic

Zomato’s losing steam and the Blinkit drag
Trending News
1 day, 9 hours ago

Zomato’s losing steam and the Blinkit drag

Live Mint  

Zomato has been a poster child of startup success. For perspective, Zomato’s food-delivery business turned profitable as early as the second quarter of FY23, but owing to the drag by Blinkit, Zomato as a whole turned profitable only in FY24. Food delivery: From strength to strength Even as Blinkit grows as a share of Zomato’s business, food-delivery has remained the …

Zomato upends tradition with Sensex entry
2 weeks, 4 days ago

Zomato upends tradition with Sensex entry

Live Mint  

Zomato will make history on Monday as the first new-age tech stock to be included in the prestigious BSE Sensex, replacing JSW Steel in a half-yearly rebalancing of constituents. While the rejig is routine, the food delivery giant's inclusion in the club of India's most influential companies underscores the growing prominence of the digital sector. While Sensex companies drive India's …

Delivery of instant gratification
2 weeks, 5 days ago

Delivery of instant gratification

New Indian Express  

Your son has forgotten his homework at home. Uber Eats deliver food home, giving Zomato competition. In the age of instant gratification, where millennials and GenZ are too impatient to wait or don't feel like making the extra effort to go out to buy a pack of smokes or a Coke instead of Netflix and chilling, and GenAlpha wants a …

How Zomato, Swiggy, Zepto are achieving disruptive 10-min food deliveries
2 weeks, 6 days ago

How Zomato, Swiggy, Zepto are achieving disruptive 10-min food deliveries

Hindustan Times  

Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms. Bolt accounts for 5% of Swiggy’s total food delivery orders within two months of its launch, Sidharth Bhakoo, chief business officer of food marketplace at Swiggy said in an email. “When …

Zomato stock price up 112% in 2024; should investors buy now?
5 months ago

Zomato stock price up 112% in 2024; should investors buy now?

Live Mint  

Global brokerage firm Nomura has increased its target price for Zomato to ₹280 from ₹225 while maintaining a ‘buy’ recommendation. Q1 Earnings Zomato’s consolidated net profit for Q1FY25 skyrocketed to ₹253 crore, up from ₹2 crore a year ago, driven by increased gross order value across its food delivery, quick commerce, and going-out verticals. Investment Rationale Food Delivery Growth: Nomura …

Zomato to focus on Hyperpure, expects it to be larger than food business
2 years, 4 months ago

Zomato to focus on Hyperpure, expects it to be larger than food business

Live Mint  

Online food delivery firm Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, Kaushik Dutta, chairman of the company's board of directors, told shareholders on Tuesday. Subsequently, he said Zomato would narrow its focus to three crucial areas – food ordering and delivery; Hyperpure and …

Zomato edges past Swiggy in India’s food delivery market, finds report
2 years, 4 months ago

Zomato edges past Swiggy in India’s food delivery market, finds report

Firstpost  

Zomato’s acquisition of Blinkit has helped it close the gap with Swiggy and race ahead of it in terms of market share Food delivery platform Zomato is edging ahead of its competitor Swiggy, as per a report by brokerage firm Bernstein India. However, that has started to change with Zomato expanding share to around 55 per cent in food delivery,” …

Zomato vs Swiggy vs Ola: Race hots up for 10-minute delivery
2 years, 8 months ago

Zomato vs Swiggy vs Ola: Race hots up for 10-minute delivery

India Today  

The Indian quick-commerce sector may witness a multi-cornered contest for 10-minute delivery or faster food delivery among Zomato, Swiggy, and Ola. After receiving criticism, Zomato in a statement said the 10-minute delivery would be for specific nearby locations, popular and standardised menu items only. Zomato Instant food items can be dispatched within 2 minutes, the online food delivery platform stated. …

Zomato to Swiggy: In Internet’s Winner Takes All Model, We End up as Losers
2 years, 9 months ago

Zomato to Swiggy: In Internet’s Winner Takes All Model, We End up as Losers

News 18  

The internet model of a single winner that controls everything from supply chains to payment systems is creating fragile, monopolistic ecosystems that can potentially harm society. Investors in delivery firms also follow the WTA model that has resulted in consolidation – only one strong player will stand, not multiple players. The Zomato-Blinkit Case Study Even the latest acquisition of Blinkit …

‘30-minute too slow’: Zomato to deliver food in 10 minutes
2 years, 9 months ago

‘30-minute too slow’: Zomato to deliver food in 10 minutes

Hindustan Times  

Stating that the 30-minute average delivery time is "too slow", Zomato founder and CEO Deepinder Goyal on Monday announced that its platform will soon start delivering food in 10 minutes and that too, without compromising on food quality and delivery partner safety. I started feeling that the 30-minute average delivery time by Zomato is too slow, and will soon have …

Zomato IPO: What the food tech says about growth, sustainability and competition
3 years, 5 months ago

Zomato IPO: What the food tech says about growth, sustainability and competition

Live Mint  

BENGALURU: The much-anticipated domestic public offer of food tech major, Zomato, is here, with the opening of the three-day share sale for retail investors on Wednesday. “Amazon has been in the food delivery space in India for a year now and we haven’t seen any impact on their or our market share. And we believe there is still a large …

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform
4 years, 11 months ago

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

Firstpost  

Despite arriving in the Indian market in 2017, Uber Eats has not made enough inroads in the online food delivery segment Uber Eats, the food delivery business run by Uber has been acquired by Zomato, the online food delivery and restaurant discovery platform in all-stock deal, according to news reports. Uber Eats in India will discontinue operations and direct restaurants, …

Zomato in advanced talks to buy UberEats: Report
5 years ago

Zomato in advanced talks to buy UberEats: Report

India TV News  

The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat's India business to rival Zomato by the end of this year. Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. The …

Zomato in advanced talks to buy UberEats: Report
5 years ago

Zomato in advanced talks to buy UberEats: Report

Live Mint  

New Delhi: The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat's India business to rival Zomato by the end of this year. Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per …

Ant Financial-led funding boost may put Zomato back in the saddle in race with Swiggy
5 years, 3 months ago

Ant Financial-led funding boost may put Zomato back in the saddle in race with Swiggy

Live Mint  

Online food ordering and discovery platform Zomato could not have earned its fat cheque at a more opportune time. Just like e-commerce or ride hailing apps, food delivery is a two-player game now,” said Harish H.V., managing partner, ECube, an environmental, social and governance fund. The largest-ever fundraise by Zomato comes at a time when the Gurugram-headquartered firm, along with …

How India eats and orders, according to Zomato
5 years, 9 months ago

How India eats and orders, according to Zomato

Live Mint  

New Delhi: ₹1,84,760 is the bill a resident of Lucknow racked up after ordering a massive quantity of food via food delivery app Zomato; the food was delivered in 415 boxes. In small markets of Gaya and Bhagalpur in Bihar, Zomato has more bicycle riders than it has delivery men on motor-bikes that ferry food orders for customers. The food …

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