Fieldfresh Foods Partners with Zomato, Swiggy & Dunzo

Total Page:16

File Type:pdf, Size:1020Kb

Fieldfresh Foods Partners with Zomato, Swiggy & Dunzo Fieldfresh Foods partners with Zomato, Swiggy & Dunzo 22 April 2020 | News | By Kalyani Sharma Zomato has created a Del Monte store under its new Zomato Market section Fieldfresh Foods Pvt. Ltd has announced strategic tie-ups for its food brand, Del Monte, with online food delivering platforms Zomato and Swiggy as well as door to door delivery app Dunzo to deliver its range of food products - which include Tomato Ketchup, Mayo, Pasta, Olive Oil and fruit drinks - to consumers’ homes amidst the continuing lockdown. As part of the tie up, Zomato has started home delivering Del Monte products in Bangalore and Hyderabad, with Kolkata, Pune, Mumbai and Delhi NCR next on the anvil. Zomato has created a Del Monte store under its new Zomato Market section where consumers can glance through the Del Monte product range available in their vicinity and place an order for the same on the app itself. Del Monte’ partnership with Swiggy will ensure safe and secure supply of its products to consumers homes, starting with Kolkata and Bhubaneshwar in the East region, followed by Bangalore, Delhi NCR and other major cities over the next few days. Dunzo is currently doing doorstep delivery for Del Monte in Bangalore with Chennai and Pune going live shortly. Yogesh Bellani, CEO Fieldfresh Foods said, “In such unprecedented times, we striving to ensure continuity in the supply of our products to consumers. In our efforts to ensure the same, we have partnered with app-based delivery platforms for smooth and safe delivery of our products across major cities, enabling accessibility and convenience for the consumers.” These products will be available at Del Monte’s distribution centers from where these partners will pick up and then, ensure safe delivery of these products across cities. “We are happy to partner with leading delivery startups in this endeavor. This will make sure safe door to door delivery of food items that will help consumers to avoid stepping out and support social distancing, as it becomes the biggest tool for India’s fight against Covid-19,” Bellani said. All the three tie-ups are operational and have started delivering from 17th April, 2020. .
Recommended publications
  • Track Screen Ads on Swiggy Overview of Swiggy
    Track Screen Ads on Swiggy Overview of Swiggy Swiggy ( www.swiggy.com) is an online food ordering and delivery platform that allows customers to order food from restaurants near them. Presence in ~ 12 - 14 MM transacting 200+ cities pan India users visiting every month 40 MM orders / month pan ~50%* market share in India food delivery Double digit MOM growth PAN India 100K+ transacting restos ~25% on board conversion rate Top 7 cities of Swiggy * Market Share nos. are as per reports shared by RedSeer Consulting Why customers love Swiggy ? Swiggy’s Growth Story Swiggy ( www.swiggy.com) has grown phenomenally over the past 24 months (clocking ~11X growth). With expansions in new geographies & more verticals, Swiggy’s growth story is poised to become stronger ~11X Growth Reach the audience that matters to you, at scale Monthly transacting base of ~10 mn users High stickiness on the platform, with an average ordering frequency of 3+ per user Young (18-44MF) Urban Digitally active & Engaged (Top 50 cities) Transacting users Users Food & Beverage context Hyperlocality Strategic post-transaction video ad units to ensure higher engagement • Non-skip, Autoplay, Clickable video unit • Average Monthly Reach: 10mn+ • Average Monthly impressions on track screen: 30mn+ • Average completion rate: 70% • Avg. CTR: 0.2- 0.4% Video unit in Landscape Mode Video unit in Portrait Mode Reinforce brand message or drive performance with display ad units • Display units in standalone as well as carousal format to create the full brand story • Average Monthly Reach: 10mn+ • Average Monthly impressions on track screen: 30mn+ • Avg. CTR on Display: 0.3 – 0.5% Brands across categories have seen results with Swiggy’s in-app ad units BFSI E-commerce Auto / OTT (Customer Acquisition) (Sale / Offer Awareness) (Launch Amplification) Thank You Annexure 1: Display Unit specifications • Card dimensions: 1280 x 1000px • No CTA button on the creative • Carousal Title: Upto 30 characters (incl.
    [Show full text]
  • Chinese Investments in India
    CHINESE INVESTMENTS IN INDIA Amit Bhandari, Fellow, Energy & Environment Studies Programme, Blaise Fernandes, Board Member, Gateway House and President & CEO, The Indian Music Industry & Aashna Agarwal, Former Researcher Report No. 3, Map No. 10 | February 2020 Disclaimer: While every effort has been made to ensure that data is accurate and reliable, these maps are conceptual and in no way claim to reflect geopolitical boundaries that may be disputed. Gateway House is not liable for any loss or damage whatsoever arising out of, or in connection with the use of, or reliance on any of the information from these maps. Published by Gateway House: Indian Council on Global Relations 3rd floor, Cecil Court, M.K.Bhushan Marg, Next to Regal Cinema, Colaba, Mumbai 400 039 T: +91 22 22023371 E: [email protected] W: www.gatewayhouse.in Gateway House: Indian Council on Global Relations is a foreign policy think tank in Mumbai, India, established to engage India’s leading corporations and individuals in debate and scholarship on India’s foreign policy and the nation’s role in global affairs. Gateway House is independent, non-partisan and membership-based. Editors: Manjeet Kripalani & Nandini Bhaskaran Cover Design & Map Visualisation: Debarpan Das Layout: Debarpan Das All rights reserved. No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without prior written permission of the publisher. © Copyright 2020, Gateway House: Indian Council on Global Relations. Methodology Our preliminary research indicated that the focus of Chinese investments in India is in the start-up space.
    [Show full text]
  • Response: Just Eat Takeaway.Com N. V
    NON- CONFIDENTIAL JUST EAT TAKEAWAY.COM Submission to the CMA in response to its request for views on its Provisional Findings in relation to the Amazon/Deliveroo merger inquiry 1 INTRODUCTION AND BACKGROUND 1. In line with the Notice of provisional findings made under Rule 11.3 of the Competition and Markets Authority ("CMA") Rules of Procedure published on the CMA website, Just Eat Takeaway.com N.V. ("JETA") submits its views on the provisional findings of the CMA dated 16 April 2020 (the "Provisional Findings") regarding the anticipated acquisition by Amazon.com BV Investment Holding LLC, a wholly-owned subsidiary of Amazon.com, Inc. ("Amazon") of certain rights and minority shareholding of Roofoods Ltd ("Deliveroo") (the "Transaction"). 2. In the Provisional Findings, the CMA has concluded that the Transaction would not be expected to result in a substantial lessening of competition ("SLC") in either the market for online restaurant platforms or the market for online convenience groceries ("OCG")1 on the basis that, as a result of the Coronavirus ("COVID-19") crisis, Deliveroo is likely to exit the market unless it receives the additional funding available through the Transaction. The CMA has also provisionally found that no less anti-competitive investors were available. 3. JETA considers that this is an unprecedented decision by the CMA and questions whether it is appropriate in the current market circumstances. In its Phase 1 Decision, dated 11 December 20192, the CMA found that the Transaction gives rise to a realistic prospect of an SLC as a result of horizontal effects in the supply of food platforms and OCG in the UK.
    [Show full text]
  • Food Delivery Platforms: Will They Eat the Restaurant Industry's Lunch?
    Food Delivery Platforms: Will they eat the restaurant industry’s lunch? On-demand food delivery platforms have exploded in popularity across both the emerging and developed world. For those restaurant businesses which successfully cater to at-home consumers, delivery has the potential to be a highly valuable source of incremental revenues, albeit typically at a lower margin. Over the longer term, the concentration of customer demand through the dominant ordering platforms raises concerns over the bargaining power of these platforms, their singular control of customer data, and even their potential for vertical integration. Nonetheless, we believe that restaurant businesses have no choice but to embrace this high-growth channel whilst working towards the ideal long-term solution of in-house digital ordering capabilities. Contents Introduction: the rise of food delivery platforms ........................................................................... 2 Opportunities for Chained Restaurant Companies ........................................................................ 6 Threats to Restaurant Operators .................................................................................................... 8 A suggested playbook for QSR businesses ................................................................................... 10 The Arisaig Approach .................................................................................................................... 13 Disclaimer ....................................................................................................................................
    [Show full text]
  • Delivering the Multisensory Experience of Dining-Out, for Those Dining-In, During the Covid Pandemic
    REVIEW published: 21 July 2021 doi: 10.3389/fpsyg.2021.683569 Delivering the Multisensory Experience of Dining-Out, for Those Dining-In, During the Covid Pandemic Charles Spence 1*, Jozef Youssef 2 and Carmel A. Levitan 3 1 Department of Experimental Psychology, Oxford University, Oxford, United Kingdom, 2 Chef/Patron, Kitchen Theory, London, United Kingdom, 3 Department of Cognitive Science, Occidental College, Los Angeles, CA, United States In many parts of the world, restaurants have been forced to close in unprecedented numbers during the various Covid-19 pandemic lockdowns that have paralyzed the hospitality industry globally. This highly-challenging operating environment has led to a rapid expansion in the number of high-end restaurants offering take-away food, or home-delivery meal kits, simply in order to survive. While the market for the home delivery of food was already expanding rapidly prior to the emergence of the Covid pandemic, the explosive recent growth seen in this sector has thrown up some intriguing issues and challenges. For instance, concerns have been raised over where many of the meals that are being delivered are being prepared, given the rise of so-called “dark kitchens.” Furthermore, figuring out which elements of the high-end, fine-dining experience, and of the increasingly-popular multisensory experiential dining, can be captured by those Edited by: Igor Pravst, diners who may be eating and drinking in the comfort of their own homes represents an Institute of Nutrition, Slovenia intriguing challenge for the emerging field of gastrophysics research; one that the chefs, Reviewed by: restaurateurs, restaurant groups, and even the food delivery companies concerned Alexandra Wolf, are only just beginning to get to grips with.
    [Show full text]
  • Amazon Aims to Grab Larger Share of India's $4.3Bn Food Delivery Market
    10 Monday, March 29, 2021 Economy & Business Amazon aims to grab larger share of India’s $4.3bn food delivery market The sector, which is currently dominated by Zomato and Swiggy, offers great potential of growth given India’s size OMPETITION in India’s online food delivery sector is heating up, with market leader Zomato planning a public listing this year, while CAmazon makes a push to grow its fledgling restaurant delivery service in the country to grab a larger slice of the pie. The sector is currently dominat- ed by Zomato, Jack Ma’s Ant Group- backed venture, which was launched in Delhi in 2008. Bangalore-based Swiggy, which counts Prosus Ven- tures among its investors, is another major player. “Amazon’s entry can have a mas- sive effect on this industry,” says Ni- tin Shahi, the executive director of Findoc Financial Services. At stake is greater share of a fast- growing food market, driven by ris- ing smartphone ownership, internet use and an expanding middle class. The size of India’s online food delivery market reached $4.35 bil- lion last year. It is projected to wit- ness a compound annual growth rate of 30.11 per cent over the next five years, according to market re- search company Imarc Group. “It’s becoming extremely con- venient for people to order food on- line,” says Siddhant Bhargava, co- founder of Food Darzee, a healthy meal delivery service in India. “It’s a great time to be in this market. India’s extremely large. I think for the next three to four years there’s space for everybody to grow in this industry.” The food delivery sector re- ceived a further boost following the pandemic, which saw India enter- ing into one of the world’s strictest lockdowns.
    [Show full text]
  • Dunzo Adds a New Round of $40M
    Dunzo Adds a New Round of $40M Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others, participate in a Series E Round Bangalore, January 2021 - To execute on its 2021 strategy, Dunzo has attracted a fresh round of $40M in capital from new and existing investors. This capital stems from a year of robust growth amidst the pandemic. In the coming year, the local commerce platform will focus on deploying its playbook for sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune. With a GMV growth of 2X over the past year, Dunzo is now a ~$100M annualized GMV business. The growth in 2020 comes on the back of strong, organic user demand while maintaining Gross Margin Profitability for the overall business. “Dunzo's mission resonated stronger than ever in 2020. We have been amazed by everything Merchants and Users have started to depend on the platform for. We truly believe we are writing a playbook for how hyperlocal businesses can be built with sustainable unit economics and capital responsibility. As a team, we are more focused than ever to enable local Merchants to get closer to their Users and build one of the most loved consumer brands in the country.” - ​Kabeer Biswas, CEO & Co-Founder, Dunzo Digital Pvt. Ltd. In the last six months, Dunzo supported over 300 neighborhoods across 8 cities, delivering essential goods to Users within 29 minutes on average. Its relentless push for mobilizing Indian cities and empowering the merchant ecosystem has made it the ‘go-to’ local commerce product in the country.
    [Show full text]
  • ISSN 2250 – 1959(0Nline) 2348 – 9367 (Print) an Internationally Indexed Peer Reviewed & Refereed Journal
    International Research Journal of Management Science & Technology ISSN 2250 – 1959(0nline) 2348 – 9367 (Print) An Internationally Indexed Peer Reviewed & Refereed Journal Shri Param Hans Education & Research Foundation Trust www.IRJMST.com www.SPHERT.org Published by iSaRa Solutions IRJMST Vol 9 Issue 3 [Year 2018] ISSN 2250 – 1959 (0nline) 2348 – 9367 (Print) Innovative strategies of startup firms in India - A study on online food delivery companies in India. Dr.Vijaya lakshmi Kanteti, Director, Andhra Mahila Sabha School of Informatics, OU Road, Hyderabad-07 Email : [email protected] Abstract: The present study is a conceptual study made to understand the innovative strategies followed by online food delivery startup companies in India. These startup companies led by young Indians have been inspired to take up various challenges to address the concern areas of Indian consumers and extend them with various products and services at reasonable prices. Indian food delivery market is valued at 15 billion dollars and set for an exponential growth. Food delivery has become a very competitive market in India. The growth of online food ordering delivery platforms by mobile apps has made business men awake and take notice. The type of online delivery service models of four different companies like swiggy, zomato, food panda and Fassos are analysed and it is understood through the study that the future seems brighter for the online food industry, as India catches up with developed markets in terms of changing life styles. Keywords: start ups, Food Delivery, Innovative strategies, online services Introduction: Startups in India have become the new trend setters and talk-of the-town in the global business economy since the past few years.
    [Show full text]
  • India Internet a Closer Look Into the Future We Expect the India Internet TAM to Grow to US$177 Bn by FY25 (Excl
    EQUITY RESEARCH | July 27, 2020 | 10:48PM IST India Internet A Closer Look Into the Future We expect the India internet TAM to grow to US$177 bn by FY25 (excl. payments), 3x its current size, with our broader segmental analysis driving the FY20-25E CAGR higher to 24%, vs 20% previously. We see market share likely to shift in favour of Reliance Industries (c.25% by For the exclusive use of [email protected] FY25E), in part due to Facebook’s traffic dominance; we believe this partnership has the right building blocks to create a WeChat-like ‘Super App’. However, we do not view India internet as a winner-takes-all market, and highlight 12 Buy names from our global coverage which we see benefiting most from growth in India internet; we would also closely watch the private space for the emergence of competitive business models. Manish Adukia, CFA Heather Bellini, CFA Piyush Mubayi Nikhil Bhandari Vinit Joshi +91 22 6616-9049 +1 212 357-7710 +852 2978-1677 +65 6889-2867 +91 22 6616-9158 [email protected] [email protected] [email protected] [email protected] [email protected] 85e9115b1cb54911824c3a94390f6cbd Goldman Sachs India SPL Goldman Sachs & Co. LLC Goldman Sachs (Asia) L.L.C. Goldman Sachs (Singapore) Pte Goldman Sachs India SPL Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.
    [Show full text]
  • Perception of Delivery Executives in Online Food Delivery System with Reference to Zomato, Chennai
    International Journal of Research in Engineering and Science (IJRES) ISSN (Online): 2320-9364, ISSN (Print): 2320-9356 www.ijres.org Volume 9 Issue 1 ǁ 2021 ǁ PP. 25-28 Perception of Delivery Executives in Online Food Delivery System with reference to Zomato, Chennai. Dr B Kalaiyarasan M.A, MBA, MHRM, M.Phil, Ph.D. Assistant Professor in Dept. of. Business Administration DRBCCC Hindu College, Pattabiram, Chennai-600072 Tamilnau, India. Ph.No: 917708247311, 919176255389 ABSTRACT Food Delivery System is very familiar due to increasing Mobile App, People busy with their hectic work & business activities, Increasing income, changing life style pattern, increasing all business & cultural practices run through online. Now it’s common after COVID-19 Pandemic. System of Food delivery providers can be classified viz Restaurant-to-Consumer and Platform-to-Consumer. Restaurant-to-Consumer Delivery providers make the food and deliver it such as KFC, McDonald’s, and Domino’s. The order can be made directly through the restaurant’s online platform or via a third-party platform. These third-party platforms differ from country to country which are Uber eats in USA, Eleme in China, Just Eat in UK, and Zomato, Swiggy in India. Some of the factors are motivating the market expansion includes increasing internet & smart phone penetration in the midst of society and boom e-commerce industry worldwide. The Delivery executives requires highly efficient and scalable real-time delivery services in Food Delivery System connected through online, In this Article mainly focusing Perception of Delivery executives involved in Food Delivery System. KEYWORDS: Food Delivery System, Online Services, Perception of Delivery executive, Online Delivery.
    [Show full text]
  • The US-India Strategic Relations: a Brief Report by Dr
    The US-India Strategic Relations: A Brief Report By Dr. Sohail Mahmood Tensions between India and China increased after skirmishes in the contested Pangong Lake region of eastern Ladakh in the Kashmir region bordering the two countries in the Himalayas. On June 15 there occurred a border clash between the two countries in the contested Galwan valley in the Ladakh region in which 20 Indian soldiers were killed, and several Chinese casualties but it is yet to give out details. According to a US intelligence report, the number of casualties on the Chinese side was 35.i The fighting was the first-time soldiers were killed over the border dispute since 1967. China and India went to war over their disputed border issues in a 1962 conflict that spilled into Ladakh and ended with an uneasy truce. Since then, troops from opposing sides have guarded the undefined, mountainous 2,200-mile border area, occasionally clashing. Today, Indian and Chinese officials are holding talks to try to resolve a months-long standoff along their disputed frontier, where the two countries have deployed tens of thousands of soldiers. There was a wave of nationalism sweeping India, the likes of which has not been seen before. After the Galwan Valley border clash between the two countries, there was a popular call for a boycott of Chinese products. Although there is a stalemate on the border, tensions between the two countries continue to escalate, resultantly. The Indian- controlled territory runs along the Line of Actual Control (LAC), a loose demarcation line created after the 1962 China-Indian War and now the de facto border between the two countries.
    [Show full text]
  • Zomato: out to Deliver
    17 May 2017 India | Internet | Company Update Info Edge | BUY Zomato: Out to deliver Global food-tech has crossed the peak of inflated expectations in the hype cycle of its evolution. Abhishek Kumar Investments in this space declined 28% in 2016, after reaching a peak of USD 5bn in 2015. India [email protected] | Tel.: (91 22) 6630 3057 is no different with a 56% drop in investments, resulting in significant consolidation. This should Pankaj Kapoor discourage the ‘spray-and-pray’ strategy of investors, going forward. We view this situation as [email protected] | Tel: (91 22) 66303089 healthy, as it will allow capital to flow to the stronger scale players. Zomato and Swiggy have emerged as clear leaders in the food ordering space in India. We find Zomato’s asset light model (no delivery fleet) more sustainable. Also, Zomato’s captive user and restaurant base gives it an edge in food ordering. Valuations of listed players, after correcting for the past two years, have started to inch up again. Zomato’s valuation in its previous funding round may now appear optically high in that backdrop. However, its market leadership in a large (USD 15bn) Recommendation and Price Target underpenetrated Indian food delivery market justifies the premium valuations, in our view. Current Reco. BUY Global food-tech—past the inflection point: Online food and grocery is the largest e- Previous Reco. NR commerce category globally with a c.USD 350bn market size. It is also the least Current Price Target (12M) 1,010 penetrated segment (>5% in the US).
    [Show full text]