In a rollercoaster financial reveal, Bengaluru-based food delivery giant Swiggy, one of Zomato’s fiercest rivals, stunned investors and analysts alike by reporting a staggering Rs 1,092 crore loss in Q2 FY26. The numbers, released on Monday, show that while Swiggy’s top line is soaring, the bottom line is bleeding, highlighting the high-stakes battle in India’s hyper-competitive foodtech and…
In a surprising turn of events, Rinshul Chandra, the Chief Operating Officer of Eternal Limited (formerly known as Zomato), has stepped down from his role. The news broke on April 5, with Chandra confirming that his last official day would be April 7, 2025. This marks the end of a significant chapter in both Chandra’s career and the evolution of Eternal’s food ordering and delivery…
Introduction
Zomato, the popular food delivery service led by Deepinder Goyal, has made a significant move to support its quick-commerce platform, Blinkit, by investing an additional Rs. 500 crore (approximately $60 million). This comes as part of Zomato’s strategy to strengthen Blinkit and expand its offerings, which includes faster deliveries and better customer service. The latest funding…
Zomato Leases Huge 2.5 Lakh Sq Ft Warehouse Near Mumbai to Boost Hyperpure’s Supply Chain
In a move that signals the growing strength of Zomato Hyperpure, the B2B arm of foodtech giant Zomato, the company has leased a massive 2.53 lakh square feet warehouse at the Lodha Industrial and Logistics Park in Palava, part of the Mumbai Metropolitan Region. This strategic expansion is designed to…
Swiggy’s Snacc platform teams up with Blue Tokai to provide fast, fresh coffee and expand its offerings.
Introduction
Swiggy’s Snacc, an on-demand snacks delivery service, has taken a major step towards enhancing its offerings by partnering with Blue Tokai Coffee Roasters. The new partnership promises to bring freshly brewed coffee to customers within just 15 minutes, aiming to meet the needs…
In a major move that’s set to sweeten the Indian food scene, Curefoods, a fast-growing food and beverage house, has acquired the South and West India operations of the iconic Krispy Kreme brand. Krispy Kreme, known globally for its delicious doughnuts and coffee, has been a favorite among Indian consumers, and this acquisition will allow Curefoods to expand its reach across the country.
The deal…
In a surprising twist of camaraderie amidst competition, food delivery giants Zomato and Swiggy shared a light-hearted exchange on social media as Swiggy made its debut on the stock market. This unique moment between two fierce rivals has caught the attention of netizens and sparked an interesting conversation about the future of the Indian food delivery industry.
Zomato’s Tweet Welcomes Swiggy…
Zomato’s New “Food Rescue” Feature Aims to Cut Food Waste – Here’s How You Can Benefit
Food waste is a massive problem in the delivery industry, with millions of meals getting tossed out every year. To combat this, Zomato, one of India’s leading food delivery services, has introduced a game-changing feature called “Food Rescue.” This new initiative aims to tackle food wastage by…
A Closer Look at Swiggy’s Upcoming IPO
Swiggy, the popular food and grocery delivery platform based in Bengaluru, is gearing up for its much-anticipated initial public offering (IPO), which is set to value the company at an impressive $11.2 billion. This valuation comes just slightly above what it was valued at during its last funding round more than two years ago.
Key Details of the IPO
The…
Swiggy, the popular food delivery service, has just introduced an exciting new feature called ‘International Login.’ This allows Non-Resident Indians (NRIs) from around the globe to order food, groceries, and even make restaurant reservations for their loved ones back in India. This move is all about strengthening connections across borders and catering to the Indian diaspora.
A Convenient…
