Swiggy’s loss widens 39 pc to Rs 799 crore in Q3
Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
Amid concerns over monopolisation by online food delivery platforms launching private labels and leveraging restaurant data, the NRAI which represents more than 5 lakh restaurants in the country organised a live poll with 8,000 people from across the country.
The NRAI alleges that this represents the operation of private labels by the companies, raising issues for restaurant partners.
Food delivery and quick commerce player Swiggy is setting up a subsidiary to foray into the growing demand for recreational activities.
Zomato addressed the claims of the antitrust investigation by the Competition Commission of India (CCI) into its business practices, and called them “misleading”.
The quick grocery and food delivery platforms received huge orders as revellers preferred to stay home to celebrate the New Year.
Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000.
As 2023 comes to a close, online food delivery platform Swiggy on Tuesday revealed that a user from Jaipur placed 67 orders on Instamart on a single day this year.
Online food delivery platform Swiggy's investor Prosus, in its financial filing, stated that Swiggy’s core food-delivery business grew 17 per cent and delivered gross merchandise value (GMV) of $1.43 billion in the first half of FY24.
Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday.
