FOOD DELIVERY INDUSTRY
From nutritious food, health insurance premiums to clean air & potable water, here are five essential things turning dearer
India's inflation is affecting essentials like nutritious food, health insurance premiums, waste management fees, clean air and water, and skilled labor costs. Prices of vegetables, fruits, and dairy are rising, insurance premiums have increased, municipal corporations impose waste disposal fees, clean air and water costs are up, and there is a shortage of skilled labor causing higher wages.
Food delivery startup Swish raises Rs 122 crore from investors led by Hara Global and Accel
The funds will be used for expanding operations across Bengaluru, with plans to roll out the quick food delivery model to more pincodes in the upcoming months.
Spurring food delivery growth, keeping discipline intact for Blinkit key: Zomato CEO Deepinder Goyal
In an exclusive interview, Goyal said India’s food delivery sector is facing multiple systemic issues that need to be fixed amid the larger slowdown in the industry. Goyal said the quick commerce industry's quarterly cash burn is trending at Rs 5,000 crore but Blinkit is contributing merely 2-3%.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
US to levy fees on China-linked ships, push allies to do likewise, draft executive order says
The U.S. plans to impose fees on ships docking at its ports if they are part of fleets with Chinese-built or Chinese-flagged vessels. This initiative aims to boost domestic shipbuilding and reduce China's influence in the global shipping industry. The order will also push allies to adopt similar measures or face retaliation, targeting major carriers like MSC and CMA CGM.
Blue Star to invest Rs 400cr in capacity expansion, eyes 20pc growth in FY'26
Blue Star Ltd. plans to invest Rs 400 crore in FY26 to expand its manufacturing capacity for room air conditioners, commercial refrigeration, and commercial air conditioning. The company aims for 20% growth and targets increased market shares in key segments, driven by robust demand and product innovation.
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ET Awards for Corporate Excellence 2024: Meet the leaders driving innovation and impact
Celebrating 25 years of excellence, The Economic Times Awards for Corporate Excellence honours leaders and organizations transforming India's business landscape. This year's notable winners include Ashwini Vaishnaw, Kumar Mangalam Birla, Vishakha Mulye, Venu Srinivasan, Fareed Zakaria, Peyush Bansal, and entities like Mahindra & Mahindra, Zomato, and Grasim Industries.
ETtech Q&A | Zomato CEO Deepinder Goyal on food delivery slowdown, quick commerce burn and more
Even as competition in the quick commerce segment heats up, the food delivery major is continuing to invest in new businesses. Goyal said the company does not operate on budgets or quarter-to-quarter thinking but does what's right for the different businesses under its roof.
Bake or break? ChrysCapital, Theobroma in talks again
ChrysCapital is in discussions to acquire Theobroma Foods at a reduced valuation of Rs 1,800 crore, down from Rs 3,000 crore. Talks had stalled due to Theobroma's poor financial results but have recently resumed. ChrysCapital plans to create a quick-service restaurant platform by acquiring brands like Theobroma. Market conditions and declining consumer spending have impacted the valuation.
The Zomato vs Zepto burn war; M2P Fintech eyes Vue AI
Deepinder Goyal told ET that even as rivals like Zepto haemorrhage cash, Blinkit is walking away with a minimal burn. This and more in today’s ETtech Top 5.
IT minister Priyank Kharge asks ecommerce, quick commerce to get their act together
The minister said he has been getting complaints about AI chatbots trapping customers in a cycle of uncertainty. In a post of X, Kharge named Swiggy and Zomato.
Zomato’s 10-minute food delivery offering contributing 8% to platform’s volumes: CEO Deepinder Goyal
The service, named Quick, aggregates restaurants and eateries from where it makes rapid delivery of a limited set of food items. Quick’s rival Bolt from Swiggy, last month clocked a 9% contribution to its food delivery volumes.
Quick commerce sector burning Rs 5,000 crore per quarter: Zomato CEO Deepinder Goyal
Quick commerce player Blinkit accounts for 2-3% of the industry cash burn but has a 40-45% market share. Its focus is on sustaining growth while ensuring discipline in cash allocation for investment, said the CEO of Blinkit’s parent, Zomato.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25%
When 2024 dawned, the bulls were ruling and it appeared nothing could go wrong with the stock markets. Did the year end the same way? Now, three months into 2025, it appears as if nothing right can happen. So, it’s good to know that even when the bulls are in control, you can never write off the bears. What gives bears the biggest fuel is any global currency market adjustment. So, always keep one eye on the currency markets. That is where you will see minimum absolute volatility but maximum relative volatility. The first hint of change will come from the Dollar Index. As when there is a reversal, the first tranche of money is likely to flow to bluechips. So have them on your watch list and stop getting influenced by the short-term movement of prices.
Not hiking prices for 10 quarters is a very conscious decision; it helped Jubilant gain massive market share: Sameer Khetarpal
Jubilant FoodWorks CEO Sameer Khetarpal discusses the company's growth strategy, including expanding from 465 to 700 cities and increasing store count. By avoiding price hikes for 10 quarters, Domino’s increased market share. Focus on fast delivery, better consumer value, and strong same-store growth aim to enhance returns. Future plans include aggressive store expansion and scaling brands like Popeyes and Coffy.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of more than 33% in 1 year
Back in September 2024, who would have thought that bulls would vanish from the street in just six months, and bears would rule? But markets going through cycles and corrective phases is normal. The best way to deal with such times of global uncertainty is to be calm and review your portfolio. If required, book some losses in poor stocks. Clean up your portfolio so that when the bulls return, your returns are better. Look at the fundamentals, and if there is business growth over the long term, just ignore the noise. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Indian grocery giant BigBasket eyes IPO in 2 years as business booms
India's BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones.
India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says
India's "fastest growing industry segment ever", dominated by the likes of Zomato-owned Blinkit, Zepto and Swiggy Instamart, logged a 24-fold increase in gross order value (GOV) in the same period, the report said.
New-age stock slump; Cognizant CEO interview
Nearly half of the new-age companies listed since 2021 are trading below their IPO price. This and more in today’s ETtech Top 5.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
The ongoing bearishness is exposing cracks in the stock market that the bulls had papered over with liquidity. This phase is thus a stress test not just for your investments, but also your decision-making abilities and comfort with risk. Most of us take maximum risk when it is time to avoid it; and sit back when it is time to increase it. Consider: Which is the better time to buy? September 2024, or today? Logically, today, because prices are down and valuations have cooled a bit. But as fear has taken over, it is extremely difficult to make a distinction between stock prices and the underlying businesses.
Stock picks of the week: 5 stocks with consistent score improvement and an upside potential of up to 34%
Another Monday, and another day when the Nifty and Sensex are trading with cuts. Also poor market breadth, with the number of the stocks trading in the red is higher than those in the green. Given this has been happening for months now, most investors may well have stopped looking at the value of their portfolio. Now, there is an age-old saying on the street: The market tends to turn around when the last bull turns into a bear. Are we close to that situation? Our selected stocks today depict a strong upward trajectory in their overall average score, which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Nifty50's valuation to get a lift with Zomato, Jio Fin joining index
The changes would make Nifty's valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.
Swiggy, Hyundai among 7 stocks to make it to Nifty Next50 in latest index reshuffle
The latest Nifty Next 50 reshuffle added Bajaj Housing Finance, BPCL, Hyundai Motor India, Indian Hotels, Swiggy, CG Power, and Britannia, replacing Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato.
Zomato, Jio Financial earn Nifty 50 ticket at Britannia, BPCL's expense
Food delivery company Zomato and Jio Financial Services have made an entry into the Nifty50 index as part of the semi-annual reshuffle while Bharat Petroleum Corporation and Britannia Industries have been booted out.
Tata Sons questions BigBasket’s qcomm lag, pushes for financial investor amid rivals' onslaught
Tata Sons has pulled up its digital vertical for BigBasket’s sluggish response to the rapidly evolving quick commerce space, which has allowed competitors like Blinkit and Zepto to surge ahead. In a recent review of Tata Digital's businesses, the parent company expressed dissatisfaction with the e-grocery unit's underwhelming performance as competitors captured market share, sources told us.
Qcomm’s summer prep; Microsoft’s quantum leap
Happy Friday! Quick commerce companies are getting ready for the long summer season across India. This and more in today’s ETtech Morning Dispatch.
India-Russia trade gets major boost via INSTC over past year
Trade between India and Russia via the INSTC has doubled in the past year, significantly reducing delivery times and costs. Bilateral trade reached a record USD 66 billion in 2024, with plans to achieve USD 100 billion by 2030. Pharmaceuticals are among the key sectors for further trade diversification.
ETtech Q&A | Replicating Blinkit’s quick commerce moves won’t ensure success: CEO Albinder Dhindsa
In an exclusive interview with the Economic Times, Albinder Dhindsa, founder and CEO of India's largest quick commerce firm, Blinkit, stated that it is a misconception to believe that its heavily loss-making rivals will achieve profitability simply because the Gurgaon-based company has managed to do so.
Zerodha's Nikhil Kamath compares India and Singapore’s food culture; sparks 'Ghar Ka Khana vs Eating out' debate
In a recent discussion, Nikhil Kamath explores the evolving food culture in India and compares it to Singapore’s vibrant dining scene. He highlights the differences in eating habits, such as the preference for home-cooked meals in India versus the trend of dining out in Singapore. Kamath suggests that as India’s economy continues to grow, the food industry could undergo a shift, with more people opting for restaurants and eateries.
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