How Swiggy and Zomato are dealing with the slowdown in food delivery

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The food delivery market in India, dominated by Zomato and Swiggy, is experiencing a slowdown. The rise of 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 Eternal reported a steep 78% year-on-year (YoY) fall in net profit to Rs 39 crore, as losses from its quick commerce arm Blinkit continued to…



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How Swiggy and Zomato are dealing with the slowdown in food delivery


The food delivery market in India, dominated by Zomato and Swiggy, is experiencing a slowdown. The rise of 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 Eternal reported a steep 78% year-on-year (YoY) fall in net profit to Rs 39 crore, as losses from its quick commerce arm Blinkit continued to…



Source link

Disclaimer

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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