In the gig economy spawned by the internet, which allowed small tasks to be farmed out smoothly, the plight of India’s food delivery agents has been a long-running concern. A study released this week by the National Council of Applied Economic Research, based on a survey done last year of 924 workers dropping off packets across 28 cities for a …
Mumbai: Zomato Ltd, an Indian food-delivery service, has agreed to buy local grocery-delivery start-up Blinkit for Rs 4,447 crore in an all-stock deal, as competition in the quick-delivery market heats up. Deepinder Goyal, founder, and chief executive of Zomato, believes that quick commerce has been the company’s strategic priority since last year when it first invested in Blinkit. Zomato’s capacity …
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 …
Meal kit companies face an ultimatum: Adapt or die. “Meal kits are a more expensive but less convenient option for busy people who do not have time to cook,” said Cara Brosius, a market research analyst with Packaged Facts. Darren Seifer, a food industry analyst with the consulting firm NPD Group, said the meal kit market feels like the dot-com …