Stories tagged “Foodtech.”
8 stories
Flipkart is set to debut its food delivery service later this month, backed by millions of users, lower platform fees, and logistics support from Minutes and Ekart. The ecommerce giant is gearing up to challenge Zomato and Swiggy. With a large base to cross-sell food orde…
Zomato's food delivery business contributes ₹606 Cr to Eternal's adjusted EBITDA, 6X more than Blinkit's ₹102 Cr, despite accounting for a smaller slice of Eternal's revenue pie today.
Shares of Eternal rose 4.5% on the BSE to ₹296.15 after brokerages praised its Q1 FY27 performance and raised target prices. Analysts expect Blinkit's improving profitability and resilient food delivery business to support Eternal's long-term growth despite intensifying q…
Eternal, a foodtech giant, posted a 3.7X YoY rise in net profit to ₹92 Cr in Q1 FY27. Blinkit, its quick commerce arm, remained the primary growth engine, commanding over 77% of total operating revenues.
Eternal, the parent of Blinkit and Zomato, reported a consolidated net profit of ₹92 Cr in the first quarter of FY27, up nearly 3.7X from ₹25 Cr in the year-ago quarter. However, profit declined 47% sequentially from ₹174 Cr.
Zomato is piloting an AI-powered voice bot that allows users to order food using voice commands. The service is currently available only for select users in Bengaluru.
The Food Safety and Standards Authority of India (FSSAI) has issued nine notices to Swiggy Instamart following consumer complaints over alleged delivery of expired, spoiled and contaminated food products.
Dil Foods In Talks To Acquire Cloud Kitchen Pioneer FreshMenu
Dil Foods, a virtual restaurant operator, is in talks to acquire Bengaluru-based cloud kitchen brand FreshMenu in a distress sale. FreshMenu suspended operations nationwide in early April after running into a cash crunch.