Gross order value is declining in the Indian food delivery sector
Gross order value is declining in the Indian food delivery sector. Swiggy's growth was 26% in CY2022, down from 76% in CY2021; meanwhile, Zomato's growth was 36% in CY2022, down from 112% in CY2021.
Both Zomato and Swiggy are witnessing a slow down in growth.
“The quarterly growth is low because of the demand slowdown we witnessed in our business from late October last year till the end of January this year.” - Zomato’s CFO, Akshant Goyal
In 2023, Indonesia had approximately 221 million internet users, with an internet penetration rate of 80% of the total population.
In 2023, Japan had 117.3 million internet users, constituting 94.9 percent of the total population.
In 2023, Hong Kong had 6.9 million internet users, constituting 92.8 percent of the total population.
In 2023, Taiwan had approximately 22.4 million internet users, with an impressive internet penetration rate of 93.9% of the total population.
Netflix announced to launch its own ad server gain full control over its advertising future and creating targeted, personalized ad experiences for its 270 million subscribers.
Springwel Mattresses, a leading player in the sleep solutions industry, is reportedly in advanced talks to acquire SleepyCat
In the first two months of the year, over 8,500 jobs were cut across various gaming companies, following a record-breaking 10,500 layoffs in 2023.
In 2023, Indonesia had approximately 221 million internet users, with an internet penetration rate of 80% of the total population.
