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Food delivery platforms like Swiggy and Zomato are feeling the heat due to the shortage of LPG across India, triggered by the ongoing meltdown in the Gulf. These platforms are facing unprecedented supply-chain issues as several partner restaurants have been forced to restrict deliveries or halt operations altogether.
This has brought pressure on shares of Zomato parent Eternal and Swiggy. While Eternal’s shares plunged close to 5% during the intra-day trading to ₹213.06 today, Swiggy’s…
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Food delivery platforms like Swiggy and Zomato are feeling the heat due to the shortage of LPG across India, triggered by the ongoing meltdown in the Gulf. These platforms are facing unprecedented supply-chain issues as several partner restaurants have been forced to restrict deliveries or halt operations altogether.
This has brought pressure on shares of Zomato parent Eternal and Swiggy. While Eternal’s shares plunged close to 5% during the intra-day trading to ₹213.06 today, Swiggy’s…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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