Amazon Launching Food Delivery This Year
- Tejas Rokhade
- Aug 20, 2019
- 1 min read
Amazon to launch food delivery service, ‘Amazon Restaurant’ this Diwali in top 10 metros where Amazon Prime is available. Amazon’s entry will affect the cash burn in this sector whereby rivals Swiggy and Zomato burn $30-40 million each month. Swiggy fulfills 1.2 millions daily orders across 300 cities in India while Zomato has 1 million orders per day across 500 cities.
Curiopedia
Burn Rate – Burn rate is the rate at which a company is losing money. It is typically expressed in monthly terms. E.g., “the company’s burn rate is currently $65,000 per month.” In this sense, the word “burn” is a synonymous term for negative cash flow. It is also measure for how fast a company will use up its shareholder capital. More Info
Curated Coverage
The Economic Times – Amazon readies new spread to lure eateries away from Zomato, Swiggy
Inc42 – Amazon Might Acquire Ola’s Foodpanda To Start Food Delivery
Times Now – Amazon food delivery this Diwali? Jeff Bezos’ firm plans to enter food delivery business
Comments