More than 9,000 street food vendors on food delivery apps under Central scheme

More than 9,000 street food vendors on food delivery apps under Central scheme

More than 9,000 street food vendors have joined food delivery platforms such as Swiggy and Zomato as part of a Central scheme, making a wider market accessible to them. The total sales by these food vendors on these platforms till January 9, 2023, stood at ₹21.93 crore. Through such partnerships through the Prime Minister Street Vendor’s … Read more

UBS starts Zomato coverage with a buy, target of Rs 165

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Mumbai: UBS has initiated coverage on Zomato, India’s first listed food delivery platform, with a ‘buy’ rating and a target price of Rs 165, which implies a 24 per cent upside from the current levels. The foreign brokerage sees a long runway for growth in the Indian food delivery space, estimating that will deliver an … Read more