Food Delivery News

The Online Nutritional Delivery Control (ONDC) initiative, while aiming to regulate and monitor the food delivery sector, is unlikely to directly kill established players like Zomato and Swiggy. ONDC focuses on ensuring the quality and safety of food delivered to consumers, promoting transparency, and preventing fraudulent practices in the online food delivery ecosystem. While these regulations could impact how Zomato, Swiggy, and other food delivery platforms operate, their dominance is built on factors beyond just food quality, such as a wide restaurant network, user-friendly apps, and efficient delivery systems. However, ONDC could encourage these platforms to adapt and further enhance their services, ultimately benefiting consumers by providing a safer and more reliable food delivery experience. So, rather than killing Zomato and Swiggy, ONDC might catalyze positive changes within the industry.

The video holds some answers to the future of 10 minute delivery in India. Many of them are facing challenges due to funding shortages, increased competition, and difficulties in making the service economically viable. However, some players such as Zepto, Swiggy, Zomato, and BBNow are still fighting on in 2023, believing that the demand for their services will continue to grow. To attract more customers, these startups need to offer a better assortment of products and expand beyond groceries and essentials. They can also generate revenue through ad monetization by partnering with brands and reaching their target audience more effectively. While it's possible for these rapid delivery apps to turn profitable, several factors need to align for that to happen, such as consolidation in the market and reducing spending on discounts and freebies.

An entrepreneur who uses the food delivery service Zomato recently published his experience on LinkedIn about how a delivery guy has disclosed a strategy to cheat and operate a scam that is causing Zomato to suffer significant financial losses. The scam is causing Zomato to lose a significant amount of money. Vinay Sati, in a post on LinkedIn, wrote that he got ‘goosebumps’ hearing the scam that is happening at Zomato. Zomato founder and CEO Deepinder Goyal in a reply to the man's post wrote on the post, ‘Aware of this. Working to plug the loopholes’. Let us go into the specifics of how exactly this scam operates, as well as how Zomato is attempting to combat it.

Food aggregator Zomato co-founder Mohit Gupta has quit the company after four and half year stint, marking this as the third high-profile exit from the company. Earlier this week, Zomato's new initiatives head and former food delivery chief Rahul Ganjoo had resigned , while Siddharth Jhawar, the head of its Intercity Legends service also announced his exit from the compnay a week back. Mohit Gupta had joined Zomato four-and-a-half year back, was elevated to co-founder in 2020 from the position of CEO of its food delivery business. In this video, we will understand what made Zomato cofounder Mohit Gupta resign from the company. #zomato #mohitgupta #zomatocofounderresigns #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

The capital was raised as part of an ongoing funding round that is expected to close at $600 million

Metros such as New Delhi and Mumbai are nearing full recovery, registering 95% of pre-covid order value, said Zomato

Consumer behavior and mind-set have changed due to which startups such as Ola Foods, Faasos and Swiggy have been experimenting with meal-kits and ready-to-cook kits

Apart from grocery, Swiggy has forayed into speciality categories such as meat stores and pet foods

Swiggy registered 5.5 lakh orders of Biryani as and where restaurants were delivering meals across IndiaBiryani was followed by orders for butter naan and masala dosa. In all 3,35,185 orders of butter naan and 3,31,423 dosas were ordered

Many restaurants, largely standalone, may be unable to sustain the lockdown impact and this is likely to reduce delivery potential for food aggregators