The food delivery market in India, dominated by rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato and rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Swiggy, is experiencing a slowdown. The rise of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce and limited discretionary spending are among the reasons for the sluggish demand environment.

In such a situation, both companies are undertaking measures to address the tepid demand in food delivery.

Zomato

Food delivery stayed in the slow lane for Zomato in the March quarter. Parent company rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Eternal data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/eternal-q4-report-net-profit-plummets-on-blinkit-losses-food-delivery-stays-in-the-slow-lane/articleshow/120799768.cms” data-type=”tilCustomLink” target=”_blank”>reported a steep 78% year-on-year (YoY) fall in net profit to Rs 39 crore, as losses from its quick commerce arm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/blinkit” target=”_blank”>Blinkit continued to…

The food delivery market in India, dominated by rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato and rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Swiggy, is experiencing a slowdown. The rise of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce and limited discretionary spending are among the reasons for the sluggish demand environment.

In such a situation, both companies are undertaking measures to address the tepid demand in food delivery.

Zomato

Food delivery stayed in the slow lane for Zomato in the March quarter. Parent company rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Eternal data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/eternal-q4-report-net-profit-plummets-on-blinkit-losses-food-delivery-stays-in-the-slow-lane/articleshow/120799768.cms” data-type=”tilCustomLink” target=”_blank”>reported a steep 78% year-on-year (YoY) fall in net profit to Rs 39 crore, as losses from its quick commerce arm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/blinkit” target=”_blank”>Blinkit continued to…