Get All Access for $5/mo

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.
Business Solutions

Right Now, You Can Get More Than 310 Hours of IT Training for Just $50

Stay ahead in tech with the CompTIA Super Bundle.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

News and Trends

Fast Fire Watch Guards: Protecting Your Business From Today's Fire Hazards

As a watch guard company, Fast Fire Watch Guards provides vigilant monitoring and immediate responses to signs of potential fire hazards in commercial spaces.

News and Trends

growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.

Operations & Logistics

The Holidays Mean Vacation Time — But Disaster Can Still Strike. Is Your Crisis Plan Ready?

Holidays mean different working hours for companies and different schedules for employees that take off. Before you and your team enjoy some much deserved time off, it is important to put a crisis management plan in place so your business is ready to tackle any issue that crops up.

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.