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Swiggy Increases Platform Fee to Rs 3: Is This the End of Affordable Food Delivery?

Swiggy Increases Platform Fee to Rs 3: Is This the End of Affordable Food Delivery?

Mon, Oct 16, 2023

Swiggy has increased its platform fee to Rs. 3 from Rs. 2. This means that you will now have to pay an additional Rs. 3 on every food delivery order, regardless of the order value. This move comes at a time when Swiggy is facing increasing competition from other food delivery platforms, such as Zomato and Dunzo. It is also trying to become profitable after years of losses. However, the increase in platform fee is likely to be unpopular with customers. Many people already find Swiggy's delivery charges to be high. The additional fee will make food delivery even more expensive.

Zomato shares recover 135% from 52-week low in 2023, Swiggy riders in Mumbai on indefinite strike

Zomato shares recover 135% from 52-week low in 2023, Swiggy riders in Mumbai on indefinite strike

Tue, Oct 10, 2023

Swiggy's strike, Zomato benefits! Swiggy delivery partners are on strike in Mumbai. Why does Zomato benefit from this news? See complete details in this video

World Cup Fever: How Consumption Stocks Will Get A Boost From World Cup 2023

World Cup Fever: How Consumption Stocks Will Get A Boost From World Cup 2023

Thu, Oct 05, 2023

India is all set to host the 13th edition of the Men's Cricket World Cup after 12 years, many sectors are expected to benefit from it. According to Zee Business Research, food outlets and delivery applications will get a double boost with the World Cup and the festival season around the corner. Quick Service Restaurants companies like Jubilant FoodWorks, which operates Domino's Pizza in India, and food delivery apps like Swiggy and Zomato could benefit from the World Cup as food delivery during the cricket mega event is expected to increase.

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Online food ordering, delivery app Swiggy acqui-hires this Artificial Intelligence start-up

Online food ordering, delivery app Swiggy acqui-hires this Artificial Intelligence start-up

Mon, Feb 04, 2019

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.

Start-up India success: These start-ups got rich, valued over Rs 7000 crore in 2018

Start-up India success: These start-ups got rich, valued over Rs 7000 crore in 2018

Tue, Dec 25, 2018

The start-ups joining the select club for their valuation over $1 billion are Oyo Rooms, Zomato and Swiggy, Udaan, Byju`s, Paytm mall, Freshworks and Policybazaar.

2018 Yearender: What Indian foodies ordered online in 2018

2018 Yearender: What Indian foodies ordered online in 2018

Fri, Dec 21, 2018

India's love affair with food continued to blossom this year, as foodies got experimental with international cuisines, health conscious and gave a boost to online orders.

Food delivery start-up Swiggy raises $1 billion from venture funds

Food delivery start-up Swiggy raises $1 billion from venture funds

Thu, Dec 20, 2018

"Swiggy will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens," the company said.

Domino's Pizza is a boon for McDonald's in India

Domino's Pizza is a boon for McDonald's in India

Thu, Nov 15, 2018

Domino’s moves pizza delivery in-house; McDonald's operator sees apps bringing more revenues

Love ordering food? Why this should send you over the moon

Love ordering food? Why this should send you over the moon

Tue, Oct 02, 2018

The food start-up sector is going through some dramatic shifts and turns. It is time to look beyond Zomato, Swiggy, UberEats and Foodpanda, which deliver food from partner restaurants and make news for their frequent acquisitions and humongous fundraising deals.

Food hygiene in India: From Ikea, Haldiram to Zomato, Swiggy, Foodpanda, UberEats and more

Food hygiene in India: From Ikea, Haldiram to Zomato, Swiggy, Foodpanda, UberEats and more

Fri, Sep 28, 2018

Recent cases where foreign objects – lizards to be precise – were present in vada served at outlets in Ambernath and Badlapur, two extended suburbs of Thane in Maharashtra, sent a shock wave across the food industry. What is more appalling is that these incidents happened within the space of a month at two different outlets at nearby locations. The complete disregard for following the basic safety and hygiene practices has surely frightened customers.

After Ola buys Foodpanda, Swiggy acquires Scootsy, smaller start-ups in India face big threats

After Ola buys Foodpanda, Swiggy acquires Scootsy, smaller start-ups in India face big threats

Mon, Sep 24, 2018

The last few months have been ripe with unicorns and big start-ups acquiring smaller rivals or ventures in allied sectors. Ride-hailing app Ola acquired food delivery start-up Foodpanda. Food delivery start-up Swiggy acquired on-demand delivery start-up Scootsy for $7.3 million.

Swiggy buys Scootsy; this is the reason why

Swiggy buys Scootsy; this is the reason why

Fri, Aug 03, 2018

Food ordering and delivery firm Swiggy today said it has acquired Mumbai-based on-demand delivery platform Scootsy.

Brands vouch by TV commercials and hoardings in the age of social media

Brands vouch by TV commercials and hoardings in the age of social media

Wed, Aug 01, 2018

New-age digital brands like Uber, Airbnb, Ola, Swiggy, Jabong have all come out with their television commercials (TVCs) in recent times. However, Netflix has bombarded roads with its hoardings. This trend speaks about volumes of the scope conventional marketing channels continue to hold in the era of YouTube, Facebook, Instagram and Twitter.

Swiggy raises $210m to increase its supply chain network, expand to new markets

Swiggy raises $210m to increase its supply chain network, expand to new markets

Thu, Jun 21, 2018

In a fresh round of funding led by Naspers and DST Global, the food delivery platform Swiggy today raised $210 million (over Rs 1,430 crore). The Series G funding will also see participation from existing shareholder, Meituan-Dianping and new investor, Coatue Management, the company said in a statement.

Swiggy pilots WhatsApp solution to send real-time updates to users

Swiggy pilots WhatsApp solution to send real-time updates to users

Fri, Jun 01, 2018

"Swiggy will appear in WhatsApp chat interfaces on consumers' smartphones and will keep them abreast of their order status in real-time, providing a more seamless communications system," the company said in a statement.

Ola, Uber feud: Taking a bite of $3500 million Indian food delivery pie

Ola, Uber feud: Taking a bite of $3500 million Indian food delivery pie

Wed, Dec 20, 2017

Despite many food tech startups burning their fingers by attempting to compete in the delivery space, there are always takers for this sector.

This company is the most active investor in Indian technology space

This company is the most active investor in Indian technology space

Fri, Jul 14, 2017

The most active investor in India is a Mumbai-based company that was a former startup and has invested in 76 different companies.

Swiggy raises over Rs 517 crore from Naspers, existing investors

Swiggy raises over Rs 517 crore from Naspers, existing investors

Tue, May 30, 2017

Online food delivery platform Swiggy today said it has raised $80 million (over Rs 517 crore) in series E funding led by global internet group and technology investor Naspers.

More and more restaurants are turning to food delivery start-ups

More and more restaurants are turning to food delivery start-ups

Mon, May 15, 2017

Zomato's expected acquisition of Runnr goes to show how food delivery start-ups have become very important today.

Now, food delivery to wherever you are possible with UberEATS

Now, food delivery to wherever you are possible with UberEATS

Tue, May 02, 2017

The differentiating factor in UberEATS among other competitors in this space has to be the customised drop-off feature.

Zomato crosses two million food orders but average money spent drops

Zomato crosses two million food orders but average money spent drops

Fri, Mar 31, 2017

Restaurant search and discovery service Zomato on Thursday said in a blog post that it has crossed the two million food order mark.

Mergers and acquisitions take centre-stage as funding for start-ups dries up

Mergers and acquisitions take centre-stage as funding for start-ups dries up

Wed, Oct 12, 2016

Funding (disclosed) to start-ups in September has declined by 127% on a month-on-month basis and 82% on an year-on-year basis in September alone.

Food delivery e-commerce firm Swiggy appoints Mukesh Bansal as strategic advisor

Food delivery e-commerce firm Swiggy appoints Mukesh Bansal as strategic advisor

Wed, Oct 05, 2016

Food delivery platform Swiggy has appointed Myntra co-founder and former chief executive officer Mukesh Bansal on its advisory board.

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