Amazon Food may hurt Zomato, Swiggy in Bengaluru: Report

Amazon’s new food delivery service in Bengaluru might hurt Zomato and Swiggy due to its cheap commission rate, according to a study by Motilal Oswal institutional Equities as reported in Business Standard.

Amazon Food expanded its operations in Bengaluru recently with services across 62 pin codes in the city. It covers key localities like Whitefield, HSR, Sarjapur, Koramangala, Indiranagar, MG Road, Jayanagar, JP Nagar, Frazer Town, Malleshwaram, Rajajinagar and Vijayanagar among others.

Amazon Food charges restaurants 10 per cent which is less than half the 22-25 per cent charged by Zomato and Swiggy.