Swiggy's ipo aspirations and amazon's grocery delivery expansion in california
Explore the latest in food delivery: market growth trends, regional analysis, Swiggy's IPO plans, South Korea's delivery promotion scrutiny, Magicpin's commission model, Jahez's financial achievements, Access Group's acquisition of Paytronix, and Amazon's California expansion.
Key Points
- The online food delivery market is projected to nearly double by 2031, reaching $291.4 billion with a compound annual growth rate of 9.1 percent.
- Swiggy is optimistic about India's quick delivery market, aiming to engage 100 million consumers monthly and preparing for an initial public offering.
- South Korea's Fair Trade Commission is investigating food delivery platforms like Baemin for potentially misleading "free delivery" claims, raising concerns about pricing transparency.
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Transcript
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