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SWIGGY
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In the midst of this, there is new competition in the meal delivery market. The meal delivery service Ownly, which was introduced by ride-hailing company Rapido, is now available in a few Bengaluru neighborhoods. By providing restaurant partners with commission rates between 8% and 15%, as opposed to the 16% to 30% normally paid by the incumbents, Ownly hopes to compete with well-established competitors like Swiggy and Zomato.
Restaurant owners are forced to boost their menu pricing as a result of Zomato's five price increases in less than two years, which caused a 400% increase in commission costs that can exceed 35%. Because of this, numerous surveys show that buying food online currently costs more than 50% more than going to a restaurant.#TechnicalViews#FundamentalViews#StockInNews#WatchOutFor#Today’sTradingSetup
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