Swiggy Instamart lags in quick commerce race; Blinkit, Zepto lead:Report
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
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.
Online food delivery giant Zomato on Monday reported a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in the third quarter (Q3) of FY25 -- from Rs 176 crore in the same period last fiscal.
The NRAI alleges that this represents the operation of private labels by the companies, raising issues for restaurant partners.
The show-cause notice to Zomato is for the period between October 29, 2019, and March 31, 2022, according to media reports.
Online food platform Zomato on Thursday said it has not made any offer to acquire homegrown logistics solution provider Shiprocket for nearly $2 billion (more than Rs 16,600 crore).
Japanese investment giant SoftBank is likely to sell shares of online food delivery platform Zomato worth $135 million (about Rs 1,125.5 crore) via a block deal, media reports said on Thursday.
The shares translate to up to 296.1 million shares, according to a term sheet seen by The Wall Street Journal.
Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday.
