Food Delivery

Swiggy recently raised USD 43 million as part of its Series I funding round from Ark Impact, Korea Investment Partners, Tencent, and others.

Meituan’s move follows a written complaint by the Guangdong Restaurant Association and other 32 trade associations.

The startup operates its own kitchens for its in-house restaurant brands

The app also has a local service function.

Grab and Gojek have shifted gears to match the needs of consumers and partners, but all must make adjustments with shrinking incomes.

Trade associations demand the company discontinue exclusive cooperation agreements and lower commission fees.

Asian consumers are expected to eat less out and more at home as COVID-19 changes attitudes and behaviors of consumers, finds Nielsen study.

Over the last few weeks, Swiggy, Zomato, and Amazon have raised money to strengthen their e-grocery business in the country.