Swiggy To Acquire LYNK From Ramco Cements, Ramco Industries

[ad_1] Swiggy will acquire FMCG retail distribution firm Lynks Logistics (LYNK) from Ramco Cements New Delhi: On-demand convenience platform Swiggy will acquire FMCG retail distribution firm Lynks Logistics Ltd (LYNK) from The Ramco Cements Ltd and Ramco Industries in share swap deals, the companies said on Thursday. Swiggy said it has entered into a definitive … Read more

Zomato Narrows Net Loss To Rs 188 Cr In Q4, Revenue Up 70% YoY

[ad_1] New Delhi: Online food platform Zomato on Friday said that its consolidated net loss narrowed to about Rs 188 crore for the quarter ended March 31, from Rs 360 crore from the year-ago quarter, and from Rs 345 crore from last quarter. The company reported consolidated revenue at Rs 2,056 crore, a 70 percent jump … Read more

Swiggy Turns Profitable Nearly 9 Years Since Inception

[ad_1] Swiggy has a 45% market share in the food delivery market (Representational) Bengaluru: Swiggy said on Thursday its food delivery business achieved profitability in March, less than nine years since its inception. The company, which also offers grocery delivery services, had recorded a wider loss for the financial year 2021-22 on a surge in … Read more

ONDC Offering Food Cheaper Than Swiggy, Zomato –Direct Link And How To Place Order

[ad_1] New Delhi: There is a lot of buzz around ONDC lastely, that is seemingly disrupting the food delivery market. Food ordered via ONDC is reportedly cheaper than the ones offered online food delivery platforms like Swiggy and Zomato. Several internet users have taken to Twitter to give a comparative analysis of how ONDC is … Read more

Competition Commission conducting inquiries against big tech companies: Govt – Times of India

[ad_1] NEW DELHI: Competition Commission is conducting inquiries against Amazon, Flipkart, Zomato, Swiggy, BookMyShow, Apple, WhatsApp, Facebook (Meta) and Google for alleged anti-competitive practices, the government said on Tuesday.To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, … Read more