Zomato in advanced talks to buy UberEats: Report
The online food delivery industry in India ...
Mr Deepinder Goyal
Swiggy has expanded its services to 500 cities in India, matching rival Zomato’s reach in the country. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019. Since April 2019, Swiggy has increased the number of restaurant partners by almost 1.8 times to 1.4 lakh restaurants currently. In tier-3 and tier-4 cities specifically, Swiggy has onboarded over 15,000 restaurants in the last six months.
The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023. UberEats last week launched its operations in Cuttack, its second city in Orissa, saying it will partner with a number of local restaurants such as Mirchi, Biryani Box, DFC Dada’s Biryani, Burger Adda Factory.
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