Average order value for FD is around Rs 350 (post discounts for Zomato), leading to revenues of Rs 100-plus and contribution margin of Rs 35 per order.

Despite tough economic times, more and more Koreans are turning to dining out or ordering delivery food instead of cooking at home, bucking a longstanding trend for the sake of convenience.

With new players like Rapido entering the arena, established platforms such as Zomato and Swiggy face fresh competition ...