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”.
Online food delivery platform Swiggy has also increased the platform fee from Rs 2 to Rs 3 for food orders.
As Zomato CEO Deepinder Goyal went out on Sunday delivering friendship bands and food to few delivery partners and customers, a company rider was seen eating from packages meant for customers while waiting at a traffic signal in Bengaluru.
It all began during a fun-filled AskSRK session on Twitter when a concerned fan asked if SRK had eaten his meal.
The online food aggregator will become a stakeholder in Kitchens@ through the all-equity transaction of Swiggy's Access.
Indian food aggregator platforms Swiggy and Zomato have featured in world's 'Top 10' e-commerce-based food delivery companies. A report published by global research firm ETC Group titled 'Food Barons 2022 - Crisis Profiteering, Digitalization and Shifting Power' placed Swiggy and Zomato the 9th and 10th spot, respectively.
