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Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. [4] Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.
Swiggy's quick commerce service Instamart has seen "explosive growth," Anand Kripalu, a board member, said at the listing ceremony at the National Stock Exchange in Mumbai.
Swiggy's food delivery business is profitable but grocery delivery Instamart business is still loss making, sources say. The company has around 550 grocery warehouses in 35 Indian cities.
Zomato (/ z oʊ ˈ m æ ˈ t oʊ / or / z oʊ ˈ m ɑː ˈ t oʊ /) [5] is an Indian multinational restaurant aggregator and food delivery company. It was founded by Deepinder Goyal and Pankaj Chaddah in 2008. [6]
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
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Franchise Group, Inc. is an American privately-held holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight , Buddy's Home Furnishings, The Vitamin Shoppe , and Pet Supplies Plus .
In December 2018, EG Group completed its acquisition of 225 sites of Minit Mart from Travel Centers of America LLC for upwards of US$330m. [42] On 9 November 2018, Australian retailer Woolworths announced to the Australian Securities Exchange it had entered into a binding agreement to sell its 540 fuel convenience sites to EG Group for A$ 1.72bn.
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