Watch Sakshi Batra in conversation with Priyanka Sahay to learn more about Oyo's new food delivery venture called 'Adrak'.
The company has hired Chandan Agarwal as the head of food and beverage and cloud kitchen unit.
Uber’s sole aim is to make its IPO successful and that is linked to how well it manages to sell the India growth story to the Street. A growing ride hailing business without the distractions of a food delivery business will allow it to do just that.
"DPIIT has said they will call all the restaurant aggregators for a meeting. Given that they aggregate restaurants, they too are in the business of e-commerce," a source told Moneycontrol.
The guidelines say that marketplaces cannot directly or indirectly influence the price of the product.
For Uber, this acquisition is seen as a strategy to reduce losses on a global level as it prepares for a possible public offering.
The picture showed that the consignment had been picked up from a Rajasthan-based eatery and was on its way to Chennai.
While Swiggy launched Access a year ago and Zomato recently invested in a cloud kitchen company.
The food delivery startup will launch a pilot program in Gurugram soon and has partnered with 3,500 stores to provide the service.
In grocery delivery, Swiggy will have to fight it out with likes of Amazon, and Walmart backed Flipkart.
When the food delivery app didn’t respond to the customer’s chat messages, he took to Facebook to narrate his ordeal
Swiggy has now delved into the hyper-local delivery space, which is becoming one of the most attractive avenues of Indian retail market
To begin with, Swiggy will be delivering from across over 3,500 stores in Gurugram
Its forecast is for Indian carriers to lose a collective $550 million to $700 million for financial year 2020, against an estimated $1.7 billion loss for the 2019 year ending in March.
Founded in 2014, Kint.io applies deep learning and computer vision to object recognition in video
Under the new rules, companies like Swiggy, Zomato and UberEats would be restricted from operating inventory-based models and influencing prices of the food they list on their apps
The National Restaurant Association of India held a meeting with the teams of app-based food ordering and delivery firms like Swiggy, Zomato, Foodpanda and Uber Eats
Zomato is reportedly in discussions with Chinese private equity major Primavera Capital, existing backer Ant Financial and other investors for the new round of funding
The company's nearest competitor Zomato recently raised $210 million from Alibaba's payment affiliate Ant Financial and is in talks for another round of funding.
Swiggy has competition from other food delivery companies and even ride-hailing companies Uber and Ola have entered the market.
Priyanka Sahay does a 3 point analysis on what Swiggy's latest funding round means for the food-tech sector in India.
Swiggy will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens, under the ‘Access’ initiative for restaurant partners.
Swiggy, in a statement said, it has executed definitive agreements for a USD 1 billion round of funding led by Naspers and saw new investors -- Tencent, Hillhouse Capital and Wellington Management Company coming on board.
Commissioner of Food Safety of all states and UTs have been requested to take necessary action to bring all such FBOs or food business operators under the ambit of FSS Act through registration.