China’s Meituan, the UK’s Deliveroo, and Uber Eats have captured the top 3 positions in the global online food delivery business, respectively.
Venture capital and technology investment has fuelled the e-commerce-based food delivery business. But online food companies have yet to deliver profits — even in the sector-friendly circumstances of the global pandemic when delivery became more necessity than convenience.
Tweaking the business model to move toward profitability — most prominently by adding grocery delivery — is underway.
Zomato and Swiggy, Indian online food delivery platforms, have made it to the list of the world’s Top 10 e-commerce-based food delivery companies.
Swiggy was placed in 9th place and Zomato on 10th in the list of e-commerce-based food delivery companies in the world, according to the Canada-headquartered global research firm ETC Group