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Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses. ....
Food Delivery Platforms: For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said. ....
Flipkart raises $350 million from Google in latest funding round financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Zomato's CEO, Deepinder Goyal, has introduced a new feature designed to help users make better food decisions. This innovative tool subtly suggests healthier alternatives when placing orders, like recommending roti instead of naan. ....
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in todays ETtech Morning Dispatch. ....