Food delivery major Zomato’s parent Eternal is said to be weighing alterations to its commission models and has begun discussions with restaurants across the country. As per an NDTV Profit report, the foodtech major is said to be gathering feedback from restaurant partners, but no definitive plan has been finalised on any changes to the …
Continue reading “Zomato Denies Moving To Zero Commission Model For Restaurants”
Uber is in advanced stages of talks to sell its food delivery service UberEats’ India business to local rival Zomato as the American ride-hailing giant looks to cut its global spending, three people familiar with the matter told TechCrunch. The deal currently values UberEats’ India business at around $400 million, one of the sources said. As part of …
Continue reading “Uber all set to sell UberEats’ India business to Zomato”
Swiggy and Zomato are burning close to $30-$40 million each month on discounting, logistics and acquisition of restaurants. The food delivery market in India remains “competitive” and it is the number three player in a market dominated by Swiggy and Zomato, Uber has said. “Right now the market is very, very competitive. We want to be number one …
Continue reading “We are number 3 in the food-delivery market, there’s a big lift ahead of us: Uber”
Street food vendors, roadside eateries and dhaba operators are increasingly turning to sell food online, as the new-age aggregators such as Zomato, Swiggy and UberEats distort the food sector, prompting unorganised vendors to catch up, says a report. Also driving the shift of the unorganised players to the organised sector is opening up of international …
Bengaluru: Swiggy and UberEats India have stalled their merger talks after months of negotiations as the two food delivery companies could not agree on the financial terms and taxation clauses of the proposed deal, three people aware of the matter said. Aside of the deal terms not being agreeable for both sides, sources said SoftBank, an …
Continue reading “Swiggy, UberEats can’t tally numbers for a deal”
Uber has said adamantly that it won’t exit India (or any more markets) following a hat-trick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business? The answer could well be yes. If media reports are right, Uber is on the cusp of a tactical exit from India’s food delivery industry. India’s Economic Times is …
The deal, which is expected to close by next month, will be Swiggy’s largest acquisition to date. Uber is said to be cutting costs in preparation for an IPO later this year, with some estimates valuing the ride-hailing giant at US$120 billion. In recent years, it has sold regional operations – including food delivery – …
Continue reading “In brief: Swiggy set to acquire Uber Eats in India”
(Reuters) – Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday. The share-swap deal is expected to close by next month and will give Uber a 10 percent stake in food delivery service …
Continue reading “Uber Eats close to selling Indian food delivery business to Swiggy: ET”
Swiggy, the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product. The move has been speculated since as early as 2017, but recent developments have taken the company closer towards the expansion. Last September, Swiggy picked up delivery service SuprDaily in an acquisition while the company went on to …
Continue reading “India’s Swiggy goes beyond food to offer product delivery from local stores”
Online food ordering and delivery app Swiggy on Monday announced it has acqui-hired Kint.io, an Artificial Intelligence (AI) start-up that applies deep learning and computer vision for object recognition in video, for an undisclosed sum. Founded in 2014, the Bengaluru-based start-up would assist Swiggy in boosting its computer-vision technology and consumer experience. The founding members …
