Zomato may buy UberEats as food delivery space heatsup
Saturday, January 11, 2020, 6:57 PM
The monthly cash burn for Zomato and Swiggy is estimated to be around $35-million-$40 million. Recently, Zomato claimed to have reduced its cash burn to $20-million in October 2019 from $45-million in March. For smaller player like UberEats, the burn is pegged at around $4 million-$5 million per month. UberEats made its India launch in 2017 and operates in over 40 cities.
Swiggy seeks higher commissions from restaurants in certain regions
Friday, January 3, 2020, 4:16 PM
Swiggy is hiking the commissions it earns from restaurants and the delivery fee levied on customers in high-demand regions in order to cut down losses, the Economic Times reported. Swiggy reportedly hiked commissions to 18-23% of the total order value from 12-18% earlier, under contract renewals. Denying any 'unusual' hikes, Swiggy said commissions were worked upon at individual restaurant level.
Swiggy corners claims of capping commission under 25%
Monday, September 2, 2019, 4:59 PM
As the standoff between the NRAI and online food aggregators continues, Swiggy is seeking a middle way out by introducing active reforms in its agreements with partnering restaurants. As per media reports, the Naspers-backed company might introduce an upper limit of 25% on the commission charged from the partner restaurants. Swiggy's response comes amid restaurants' #Logout movement against food apps over deep discounting.