Food Delivery

CCI has been quite active in investigating internet companies that are allegedly exploiting their dominant position in the market.

Food delivery platforms like Meituan and Ele.me now need to pay their food delivery workers higher wages.

Zomato’s IPO—India’s biggest so far this year—was sold in a price band of INR 74–76 a share from July 14–16.

Zomato, which is currently valued at USD 5.4 billion, is targeting a valuation of up to USD 8.56 billion through the IPO.

The startup’s food ordering business has grown over 400% year-over-year compared to 2020 and has also achieved gross profitability.

With the latest acquisition, AirAsia is set to “turbocharge” its ambition to become “a leading ASEAN challenger super app,” said the group CEO.

Local restaurants have accused Swiggy and Zomato of sky-high commissions, deep discounting practices, and withholding customer data, among other things.

CEO Daniel Zhang is fortifying Alibaba’s lifestyle services by uniting its mapping, travel booking, and food delivery apps as part of one business unit.