📺 Stream EntrepreneurTV for Free 📺

Swiggy And Zomato Among World's Top 10 Online Food Delivery System: Report China's Meituan has been ranked first followed by UK giant Deliveroo

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Online food delivery platforms Zomato and Swiggy got placed in the world's top ten e-commerce based food delivery companies, according to a new report published by a Canada-based global research firm ETC Group. As per the released report, Swiggy was placed in 9th position and Zomato in 10th place. China's Meituan has been ranked first followed by UK giant Deliveroo. The list also includes Uber Eats (United States), Ele.me (China), DoorDash (United States) among others.

"The food delivery sector refers to digital, on-demand platforms for ordering and paying for prepared food, groceries and other retail items. Restaurants or retailers fill the orders and couriers deliver them to customer within a prescribed time frame," said the research firm, in a statement.

"From the beginning, the model has bee, explicitly, less about food service and more about logistics, e-commerce that includes customer-data collection and attracting technology-focused venture capital investors," stated in the report.

The report also mentioned about the competition existing in the sector, stating that, "Some players were gobbled up, and those that remained raised even more investment cash, while buying and swapping stakes in competitors."

While expressing the concerns over the food delivery sector's inhumane and possibly untenable labour practices through the promise of advanced automation, the report added that, "With little or no protections or perks, couriers put themselves in danger by speeding, breaking traffic laws, travelling through high-crimes area, rather than risk being fined or fired if they don't deliver often enough and fast enough. While gig work is supposed to allow people to choose how much and when they work, the reality is that the platforms are in control."

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Collaboration

5 Ways Solopreneurs Can Scale Their Business Through Collaboration

Our culture loves to perpetuate the myth that entrepreneurs must go it alone. But for many, the path to success is found in collaboration.

News and Trends

Supply Chain Startup 3SC Bags USD 4 Mn in a New Funding Round from GEF Capital

With the raised funds, the Gurugram-based platform aims to fuel the company's growth trajectory and strategic expansion plans.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.