Zomato-Swiggy merger? Gurgaon based food delivery giant has its say
5 years, 1 month ago

Zomato-Swiggy merger? Gurgaon based food delivery giant has its say

India TV News  

As merger reports of Bengaluru-based Swiggy and Gurugram-based Zomato -- two biggest players in the burgeoning online food delivery market -- resurfaced, Deepinder Goyal-led Zomato on Tuesday refuted reports, saying they are not in talks with anyone. A First Post report, citing sources, mentioned that the merger talks between the two food delivery platforms have revived as the competition is set to grow with Amazon's reported expansion into online food delivery business in the country and Uber Eats flexing muscles for an aggressive expansion in the country. "With the entry of new players, including the likes of Amazon and Uber Eats, a potential merger of Zomato and Swiggy would make sense," Ram told IANS. Uber Eats last week told IANS that it is not only going to stay put in the growing food tech industry in India but is also building strong linkages with restaurant partners for a seamless delivery experience for its customers.

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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 share price tumbles 3% today as poor market run continues. What's next?
Trending News
1 day, 17 hours ago

Zomato share price tumbles 3% today as poor market run continues. What's next?

India Today  

Shares of food delivery giant Zomato extended their decline for the fourth consecutive session, falling over 3% in early trade on Wednesday. The ongoing slide in Zomato’s stock was triggered by a downgrade from foreign brokerage Jefferies, which changed its rating from “buy” to “hold.” The brokerage also slashed its target price by 18% to Rs 275, down from Rs …

Is Zomato's dream stock market run over?
2 days, 17 hours ago

Is Zomato's dream stock market run over?

India Today  

Shares of Zomato fell over 5% in early trade on Tuesday, extending its weak market run after a period of strong gains. The brokerage also reduced its target price for the food delivery giant by 18% to Rs 275, down from Rs 335, reflecting concerns over intensified competition in the quick commerce segment. Jefferies cited heightened competition from Swiggy’s Instamart, …

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 …

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 …

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position
Trending News
3 weeks, 3 days ago

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position

Live Mint  

Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. Analysts at Axis Capital view Swiggy as a compelling investment opportunity, …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
1 month ago

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?

India Today  

Shares of online food delivery giants Swiggy and Zomato extended their rally on Thursday, driven by strong buying interest among investors. The rally follows Swiggy’s robust Q2 results, which showcased strong revenue growth and promising developments in its quick commerce and food delivery segments. However, Swiggy faced challenges in market share as its gross order value growth in food delivery …

Can Swiggy’s Instamart spice it up in quick commerce?
1 month ago

Can Swiggy’s Instamart spice it up in quick commerce?

Live Mint  

For the September quarter, both companies saw about 5% and 24% growth in their respective gross order values of the food delivery and quick-commerce businesses. In Q2FY25, Swiggy’s GOV was ₹10,600 crore against ₹15,800 crore of Zomato in both the main businesses, i.e., food delivery and quick commerce together. Its adjusted Ebitda in Q2FY25 in the two businesses was ₹333 …

Zomato shares up 131% this year: Should you buy multibagger stock?
1 month, 1 week ago

Zomato shares up 131% this year: Should you buy multibagger stock?

India Today  

Food delivery giant Zomato’s shares surged over 131% on a year-to-date basis, delivering multibagger returns to investors. Zomato plans to invest Rs 2,100 crore in Blinkit’s capex over FY2026-28, including the development of dark stores and warehousing capabilities. The brokerage noted that Zomato’s food delivery business continues to grow, with a 24% year-on-year increase in power customers to 34 lakh …

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?
1 month, 2 weeks ago

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?

Live Mint  

The Indian food delivery market has become a fierce battleground, with Swiggy and Zomato not only competing for your dinner orders but also commanding attention in boardrooms and on trading floors. Zomato’s recent analyst reports echo this optimism, indicating that while the market remains consolidated, both players have significant room to grow as more Indians adopt food delivery services. View …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
1 month, 2 weeks ago

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Live Mint  

Swiggy, a direct competitor to Zomato and one of India's leading food delivery aggregators made its highly anticipated stock market debut on November 13. Interestingly, just weeks before Swiggy's IPO, Zomato CEO Deepinder Goyal had some advice for Swiggy's employees, reflecting on his company's own experience of going public in 2021, the Times of India reported. Speaking at the ET …

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis
1 month, 3 weeks ago

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis

Live Mint  

Swiggy vs Zomato: After a decent initial public offering, Softbank-backed food delivery giant Swiggy delivered a powerful stock market debut, beating analysts' estimates. Zomato has established itself as the leading player in India's food delivery industry, capturing a market share of 56 per cent-57 per cent in online food orders in FY24. Here are the five key indicators to compare …

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut
1 month, 3 weeks ago

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut

Deccan Chronicle  

Hyderabad: Food delivery giant Zomato on Wednesday shared a post welcoming its rival Swiggy as it made its stock market debut. Couldn't have asked for a better company to serve India with," he wrote on X. Swiggy got listed at Rs 420 on the NSE, a 7.69 per cent jump from the issue price. According to a report by PTI, …

Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’
1 month, 3 weeks ago

Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’

Hindustan Times  

Food delivery giant Swiggy, which was listed on the exchanges on November 13, had two of its delivery partners join its leadership team, including co-founders Sriharsha Majety and Nandan Reddy, to ring the ceremonial bell at the National Stock Exchange. Khan, a Bengaluru native, joined Swiggy seven years ago, fresh out of college while he was facing a difficult personal …

Swiggy IPO allotment status released: What GMP indicates ahead of listing date
1 month, 4 weeks ago

Swiggy IPO allotment status released: What GMP indicates ahead of listing date

Hindustan Times  

Shares of food delivery giant Swiggy will be listed on the exchanges on Wednesday, November 13, after its high-profile IPO launch last week. The Swiggy Limited's logo is seen at a press conference during which its Initial Public Offering was announced in Mumbai, India, October 30, 2024 According to the report, its grey market premium is just ₹1, which is …

Zomato launches new feature to tackle food waste due to cancelled orders
Trending News
1 month, 4 weeks ago

Zomato launches new feature to tackle food waste due to cancelled orders

Hindustan Times  

Food delivery firm Zomato on Sunday launched a new “food rescue” feature to tackle with food waste arising out of cancelled orders. Now, customers living near restaurants will be able to purchase cancelled food orders at “unbeatable prices”, announced the company's CEO Deepinder Goyal. The CEO said that customers cancel more than 4 lakh “perfectly good orders” on a daily …

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report
2 months ago

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report

Hindustan Times  

The Competition Commission of India said in its non-public documents that food delivery giants Swiggy and Zomato are in breach of the antitrust and competition laws of India, with their business practices favouring select restaurants listed on their platforms, reported Reuters. Swiggy and Zomato are the leading food delivery companies in India The antitrust body's documents say that Zomato entered …

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
2 months ago

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show

Live Mint  

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. Exclusivity arrangements between Swiggy, Zomato and their respective restaurant partners "prevent the market from becoming more competitive," the CCI's investigation arm noted in its findings reviewed by Reuters on Friday. …

Exclusivity contracts & price restrictions: Here's how Zomato, Swiggy hindered competition in India
2 months ago

Exclusivity contracts & price restrictions: Here's how Zomato, Swiggy hindered competition in India

Firstpost  

The Competition Commission of India found food delivery giants Zomato and Swiggy breached competition laws by favouring select restaurants through exclusive contracts and pricing restrictions. The delivery giants are faced with potential penalties pending a final leadership review Food delivery giants Swiggy and Zomato were found breaching antitrust laws in India. File image India’s Competition Commission of India has found …

CCI probe finds Zomato, Swiggy breached antitrust laws, documents show
2 months ago

CCI probe finds Zomato, Swiggy breached antitrust laws, documents show

The Hindu  

An investigation by the Competition Commission of India found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on its platform, according …

Zomato, Swiggy accused of unfair practices in food delivery market: Report
2 months ago

Zomato, Swiggy accused of unfair practices in food delivery market: Report

India Today  

An investigation has revealed that leading food delivery platforms Zomato and Swiggy have violated competition laws in India, according to documents from the Competition Commission of India. In Swiggy's IPO documentation, the company acknowledges the CCI case as an "internal risk," noting that "any breach of the provisions of Competition Act, may attract substantial monetary penalties." FOUND GUILTY OF ‘REDUCING …

Swiggy IPO: Navigating a competitive landscape. Can it deliver?
2 months ago

Swiggy IPO: Navigating a competitive landscape. Can it deliver?

Live Mint  

Swiggy, the food-delivery and quick-commerce giant, is poised to make its much-anticipated market debut, aiming to raise ₹11,327 crore through its initial public offering, with shares priced between ₹371 and ₹390 apiece. “Swiggy’s approach of an integrated app offering versus Zomato’s multi-app approach helps it innovate faster," Motilal Oswal said in a report. With a compound annual growth rate of …

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details
4 months ago

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details

News 18  

Shares of food delivery platform Zomato surged 8 per cent to Rs 261.50 on the BSE in Thursday’s intra-day trade amid heavy volumes in an otherwise lacklustre market. For Blinkit, the company’s quick commerce arm, revenues surged 145 per cent year-on-year to Rs 942 crore, though adjusted EBITDA for the same period stood at Rs -3 crore. The gross order …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months, 2 weeks ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

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 Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore
5 months, 1 week ago

Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore

ABP News  

Zomato Q1 Result: Food delivery platform Zomato announced a beyond-expected rise in quarterly profit, driven by robust demand for its food and grocery delivery services. On Thursday, the company reported a consolidated net profit surged to Rs 253 crore for the April-June quarter of the fiscal year 2024-25, up from Rs 2 crore in the same period last year. The …

Zomato and Swiggy hike platform fees, food delivery to become costlier in select cities
5 months, 3 weeks ago

Zomato and Swiggy hike platform fees, food delivery to become costlier in select cities

Hindustan Times  

Food delivery giants Zomato and Swiggy have hiked their platform fees, which can lead to costlier food deliveries, the Economic Times wrote, adding that the fees have been hiked to ₹6 from ₹5, which is a 20% increase. Zomato and Swiggy hike platform fees for key markets like Delhi and Bengaluru, as the near food delivery services duopoly looks to …

Goyal’s Zomato Shares Surge: A Look at the Rise of a Food Tech Giant
5 months, 3 weeks ago

Goyal’s Zomato Shares Surge: A Look at the Rise of a Food Tech Giant

Deccan Chronicle  

In the ever-evolving world of technology and finance, few stories capture the imagination quite like that of Zomato, the food delivery giant that's not only transformed the way we eat but also how we invest. At the center of this narrative is Deepinder Goyal, the 41-year-old co-founder and CEO of Zomato, who recently made headlines for his staggering shareholding and …

Zomato aims for EV deliveries, plastic-free orders
11 months, 3 weeks ago

Zomato aims for EV deliveries, plastic-free orders

Live Mint  

Zomato on Wednesday announced goals for 2030, to protect and ensure, "sustainable growth of the platform economy and all its stakeholders". The food aggregator's sustainability goals have been crafted around eight themes, such as ‘climate-conscious deliveries’, a ''waste-free world', ‘zero hunger’, ‘customer centricity’, ‘governance’, ‘inclusive growth’, ‘health, safety’, and ‘diversity and equity’. Anjalli Ravi Kumar, Chief Sustainability Officer, Zomato, said, …

Zomato soups in new controversy as it retracts from ₹1.6 cr salary job offer
1 year, 1 month ago

Zomato soups in new controversy as it retracts from ₹1.6 cr salary job offer

Live Mint  

Online food delivery platform Zomato is once again facing the ire of the netizens as on the student of Indian Institute of Technology Delhi took to social to say how the online firm has gone back on its words regarding the placement. Hrithik Talwar, who is a research intern in IIT-Delhi wote on X “Zomato came to the campus, offered …

Zomato Q2 Result: Net profit at ₹36 crore, revenue rises 72%, stock surges 7%
1 year, 2 months ago

Zomato Q2 Result: Net profit at ₹36 crore, revenue rises 72%, stock surges 7%

Hindustan Times  

Online food delivery platform Zomato on Friday reported a consolidated profit after tax of ₹36 crore for the second quarter ended September 2023, driven by strong revenue growth. Food delivery company Zomato as seen on its app The company had reported a loss of ₹251 crore for the corresponding quarter of the previous financial year. The company also announced that …

Zomato rolls out food trends platform for restaurant partners
1 year, 6 months ago

Zomato rolls out food trends platform for restaurant partners

Live Mint  

New Delhi: Food delivery platform Zomato on Friday announced the rollout of ‘Zomato Food Trends’ a data platform that will now be publicly available to restaurant partners. Zomato Food Trends, an open platform accessible to all free of charge, will provide insights by analyzing data from millions of transactions across hundreds of cities in India. The rollout comes after restaurants …

Why Zomato will not be affected by popularity of food delivery app ONDC?
1 year, 7 months ago

Why Zomato will not be affected by popularity of food delivery app ONDC?

Live Mint  

There is a lot of noise related to the recent entrant the Open Network for Digital Commerce application in the e-commerce industry. From price wars, and intensifying competitions to overtaking biggies like Zomato and Swiggy in the food delivery business, ONDC is seen as the new golden fish in the market. Although ONDC was founded on December 31, 2021, it …

ONDC an immediate threat to Zomato? Here’s what Motilal Oswal says
1 year, 7 months ago

ONDC an immediate threat to Zomato? Here’s what Motilal Oswal says

Live Mint  

Brokerage firm Motilal Oswal Financial Services believes direct ordering is not a major concern for the food delivery business. However, we see ONDC as a potential threat to Zomato only if it meaningfully scales up across categories, allowing it to achieve greater efficiency compared to the walled gardens. The brokerage firm underscored that the risk posed by ONDC will only …

ONDC: Swiggy, Zomato have a got a new competitor - How does it work?
1 year, 8 months ago

ONDC: Swiggy, Zomato have a got a new competitor - How does it work?

India TV News  

The emergence of ONDC, a government-owned platform, has challenged the dominance of Zomato and Swiggy in the food delivery business. Besides food, ONDC will further allow customers to buy clothes, buy groceries, purchase movie tickets, and book cabs and electronics in just one click. ONDC can be accessed via the Paytm app, where customers can type 'ONDC' on the search …

Food delivery platform ONDC offers food cheaper than Swiggy, Zomato
1 year, 8 months ago

Food delivery platform ONDC offers food cheaper than Swiggy, Zomato

Live Mint  

With food delivery tech platforms Zomato and Swiggy competing with each other, a new platform, built by the Indian government, is emerging to be a tough competitor. Open Network for Digital Commerce allows the restaurants sell food directly to consumers, without the need of a third party. Though the food delivery tech platform has been around since September 2022, it …

After Zomato, Swiggy Likely to Lay Off 250 Employees This Month
2 years, 1 month ago

After Zomato, Swiggy Likely to Lay Off 250 Employees This Month

News 18  

After Zomato, Swiggy may lay off more than 250 employees or up to 5 per cent of its workforce starting this month. Last month, global brokerage firm Jefferies said that Swiggy was fast losing market share to its rival Zomato despite offering heavy discounts. Citing Swiggy investor Prosus’ financial report, Jefferies said that the gross value of Swiggy’s food delivery …

Zomato rolls out phone number to report rash driving by its delivery partners
2 years, 2 months ago

Zomato rolls out phone number to report rash driving by its delivery partners

Live Mint  

Deepinder Goyal, founder of online food delivery platform Zomato said on Wednesday that Zomato has started rolling out delivery bags with "hotline phone number" to report rash driving by its delivery partners. In August at the company's annual general meeting, Deepinder Goyal had said that Zomato would put a phone number on the bags of its delivery partners for people …

Zomato, Swiggy among top 10 global food delivery companies: Report
2 years, 3 months ago

Zomato, Swiggy among top 10 global food delivery companies: Report

Hindustan Times  

Swiggy and Zomato, the Indian food delivery apps have been ranked among the world's biggest e-commerce food-delivery companies as per a report by Canada-based global research firm ETC Group. Swiggy and Zomato are among the top ten global food delivery companies. The ETC report however expressed concerns over the food delivery sector's ‘inhumane and possibly untenable labour practices’ through the …

Zomato hopeful of turning profitable within one year
2 years, 4 months ago

Zomato hopeful of turning profitable within one year

Live Mint  

Zomato is likely to turn profitable within a year, the company’s management said at its first annual general meeting post-listing on Tuesday. Akshant Goyal, chief financial officer, Zomato told shareholders: “At the company level we should break even in six months to a year…without Blinkit which will take a bit longer,” Moneycontrol report said quoting Goyal. With the $1.6 billion …

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 to move to multiple CEO structure under larger organisation Eternal
2 years, 5 months ago

Zomato to move to multiple CEO structure under larger organisation Eternal

Live Mint  

Online food delivery aggregator Zomato is moving to a multiple CEO structure for its businesses that will be housed under a larger organisation called Eternal. “We are transitioning from a company where I was the CEO to a place where we will have multiple CEOs running each of our businesses, all acting as peers to each other, and working as …

Why are brands like Domino’s parting ways with delivery apps?
2 years, 5 months ago

Why are brands like Domino’s parting ways with delivery apps?

Live Mint  

Domino's Pizza India franchise will consider taking some of its business away from popular food delivery apps, Zomato and SoftBank-backed Swiggy, if their commissions rise further. Jubilant is India's largest food services company, with more than 1,600 branded restaurant outlets, including 1,567 Domino's and 28 Dunkin outlets. After the CCI sought responses from Domino's India franchise and several other restaurants …

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. …

Swiggy, Zomato face outage across India: Here's what happened
2 years, 9 months ago

Swiggy, Zomato face outage across India: Here's what happened

India TV News  

As per the current search, we have witnessed that Zomato and Swiggy, two prominent food delivery apps have been running down for users across the country. But since the apps were down, social media already got flooded with a number of complaints from the users who were unable to place orders and could not browse the menus. Image Source : …

CCI Orders Probe Against Zomato And Swiggy On Restaurants Association's Complaint Of Anti-Competitive Practices
2 years, 9 months ago

CCI Orders Probe Against Zomato And Swiggy On Restaurants Association's Complaint Of Anti-Competitive Practices

Live Law  

The Competition Commission of India, on Monday, directed the Director General to investigate and determine whether the conduct of Zomato and Swiggy are anti-competitive in terms of Section 3 read with Section 3 of the Competition Act, 2002. NRAI, which represent the interest of more than 500000 restaurants in the country, filed a complaint under Section 19 of the Act …

Zomato, Swiggy Under CCI Lens for Alleged Unfair Business. Know Details
2 years, 9 months ago

Zomato, Swiggy Under CCI Lens for Alleged Unfair Business. Know Details

News 18  

The Competition Commission of India has ordered an investigation into alleged unfair business practices of food delivery platforms Zomato and Swiggy. A day after the CCI order, Zomato on Tuesday said in a regulatory filing that it will explain to the competition watchdog that it is in compliance with relevant laws and said it intends to “promptly comply with any …

Zomato, Swiggy to face CCI probe
2 years, 9 months ago

Zomato, Swiggy to face CCI probe

Live Mint  

India's antitrust body has ordered investigation into the conduct of online food delivery platforms Zomato and Swiggy, according to an order dated 4 April. "The Commission is of the view that there exists a prima facie case with respect to some of the conduct of Zomato and Swiggy, which requires an investigation by the Director General, to determine whether the …

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 …

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