Food Delivery

Indonesian startup eyes super app status; local player Be expects profit in 2021.

Zomato temporarily rolled out grocery delivery service last year when India was under lockdown and the demand for groceries had picked up.

Local apps see digital payments overtake cash for the first time as orders surge.

The startup currently runs 40 outlets and aims to open 120 cloud kitchens this year.

ByteDance’s Douyin expects that its no-commission structure and huge traffic from short videos can lure consumers away from incumbent platforms like Meituan and Ele.me.

Zomato reported a revenue of INR 1,367.65 crore (USD 183 million) for the period April 1 to Dec 31, 2020, while its losses in the same period stood at INR 684.15 crore.

Earlier this month, Meituan was among 34 tech firms that were urged to correct anti-competition practices.

The second wave of novel coronavirus in India is much more severe than the last one. Since April 15, more than 200,000 cases per day are being recorded.