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Startups

Indian food delivery unicorns clubbed by own government

Swiggy and Zomato let go of hundreds of workers in face of lockdown damage

Indian police in the state of Gujarat, April 16. Officers have been witnessed beating people in the name of lockdown enforcement using their lathis, a symbol of colonial force before independence.   © Reuters

TOKYO -- India's stringent coronavirus lockdown has rebounded badly on the country's food delivery sector, forcing two of the biggest players to cut jobs as rivals around the world enjoy bumper growth.

Zomato, backed by China's payment giant Ant Financial Services Group, a sister company of e-commerce giant Alibaba Group Holding, announced on May 15 that it would let go of up to 13% of its workforce, about 520 workers.

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