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Online food, grocery delivery platforms buckle up for heavy rush amid G20 Summit Online food and grocery delivery platforms on Thursday said that are prepared for minimal to no disruption in their services amid the expected heavy demand as a majority of their product categories remain exempted during the G20 Summit weekend which is being organised under a heavy security blanket in Delhi-NCR. Online grocery company Zepto, which became India’s first unicorn of this year, told IANS that with most people working remotely and movement restrictions in place, "we a...
Online food, grocery delivery platforms buckle up for heavy rush amid G20 Summit
Online food, grocery delivery platforms buckle up for heavy rush amid G20 Summit
Source: IANS
7/09/2023 5:32:04 PM
Maintaining trust, governance key for digital ecommerce ecosystem: ONDC CEO Open Network for Digital Commerce (ONDC) CEO T. Koshy on Wednesday said that maintaining governance and trust building is the key for the digital commerce ecosystem in the country and ONDC has achieved this task.  Addressing the Global Fintech Fest 2023 (GFF 2023) here with Noopur Chaturvedi, CEO, NPCI Bharat BillPay Limited and Suresh Sethi, MD and CEO, Protean eGov Technologies, Koshy emphasised that ONDC comes in as a network administrator. “We facilitate a lot more transp...
Maintaining trust, governance key for digital ecommerce ecosystem: ONDC CEO
Maintaining trust, governance key for digital ecommerce ecosystem: ONDC CEO
Source: IANS
6/09/2023 12:52:23 PM
SoftBank likely to fully exit Zomato in coming months Japanese investment giant SoftBank, which sold nearly 10 crore shares in Zomato, amounting to an 1.17 per cent of the company’s equity, is planning to fully exit the online food delivery platform in next few months. According to sources, SoftBank has around 2.18 per cent remaining stake in Zomato which it is likely to sell via block deals. Money Control was first to report about the development. SoftBank bought Zomato stake in June last year for around Rs 71. For the company, Z...
SoftBank likely to fully exit Zomato in coming months
SoftBank likely to fully exit Zomato in coming months
Source: IANS
31/08/2023 12:48:02 PM
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up   Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company’s equity, changed hands on Wednesday at a total deal value of around Rs 947 crore. Japanese company SoftBank’s SVF Growth Fund is the likely seller in this mega transaction, according to CNBC TV18. The report had earlier said that SVF Growth Fund may sell 10 crore shares of the company or 1.17 per cent of the total equity via block deals at Rs 94 per share. ...
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up
Source: IANS
30/08/2023 12:58:46 PM
Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore US-based investment major Tiger Global, via its VC fund Internet Fund III Pte Ltd, has exited online food delivery platform Zomato by selling its entire shareholding for Rs 1,123.85 crore. Tigal Global sold its remaining stake in Zomato via open market transactions on August 28, according to a filing with the Bombay Stock Exchange (BSE). The VC firm sold around 12.34 crore shares or 1.44 per cent stake in Zomato at an average price of Rs 91.01 per share. Zomato stock went up 1.5 per ...
Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore
Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore
Source: IANS
29/08/2023 9:26:49 AM
Governments ONDC reaches 50K restaurants, takes on Zomato-Swiggy dominance Giving a tough fight to Zomato-Swiggy dominance in online food delivery market, Open Network for Digital Commerce (ONDC), an initiative of the government, on Monday said that 50,000 restaurants are now live for placing online orders on the Open Network, across 172 cities. The number of restaurants on the Open Network shot up from 500 in February 2023 to 50,000 in August 2023, depicting exponential growth. “What started with our first order in September 2022, the Network has onboar...
Governments ONDC reaches 50K restaurants, takes on Zomato-Swiggy dominance
Governments ONDC reaches 50K restaurants, takes on Zomato-Swiggy dominance
Source: IANS
28/08/2023 2:02:46 PM
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at $10.7 billion in its last fundraising in 2022 but like many Indian startups put its IPO plans on hold amid a funding crunch and investor concerns abou...
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing
Source: Reuters
26/08/2023 9:53:57 AM
Japan`s SoftBank will likely sell shares in India`s Zomato Japan's SoftBank Group will likely sell shares in Indian food delivery firm Zomato as the lock-in for investors post the company's acquisition of Blinkit ends on Aug. 25, CNBC-TV18 reported on Friday, citing sources. Zomato, which acquired the quick grocery-delivery startup Blinkit for 44.47 billion rupees ($538.05 million) last year, had issued a 3.55% stake to investor Softbank as part of the deal. U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had a...
Japan`s SoftBank will likely sell shares in India`s Zomato
Japan`s SoftBank will likely sell shares in India`s Zomato
Source: Reuters
25/08/2023 2:31:51 PM
Zomato shines on partnering with Battery Smart Zomato is currently trading at Rs. 93.70, up by 3.98 points or 4.44% from its previous closing of Rs. 89.72 on the BSE. The scrip opened at Rs. 90.24 and has touched a high and low of Rs. 94.25 and Rs. 90.18 respectively. So far 3184991 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.85 on 07-Aug-2023 and a 52 week low of Rs. 44.35 on 25-Jan-2023. Last one week high and low of the scrip stood at Rs. 95.60 an...
Zomato shines on partnering with Battery Smart
Zomato shines on partnering with Battery Smart
Source: Accord Fintech
22/08/2023 12:28:09 PM
Zomato`s stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders Zomato's stock is likely to be volatile in the near term on account of market speculation around possible exits by some pre-IPO shareholders (VC/PE/Chinese investors) of the company as well as erstwhile shareholders of Blinkit who had received it under a share swap deal, JM Financial Institutional Securities said in a report. “While we cannot accurately predict when (if at all) these shareholders would want to exit, we note that several of them are already sitting on sizeable gai...
Zomato`s stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders
Zomato`s stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders
Source: IANS
18/08/2023 12:13:49 PM
Fundamental view on Zomato`s surge in stock price from Dr. V K Vijayakumar, Geojit Financial Services Below the Fundamental view on Zomato`s surge in stock price from Dr. V K Vijayakumar, Geojit Financial Services   Zomato has delivered profitability earlier than promised. There is clarity on vastly improving revenue growth. This company in a duopoly business has a long runway for growth. For those investors who bought at low rates partial profit booking is fine. It makes sense to remain invested in this growth stock.   Above views are of the author and not of the w...
Fundamental view on Zomato`s surge in stock price from Dr. V K Vijayakumar, Geojit Financial Services
Fundamental view on Zomato`s surge in stock price from Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services Ltd
4/08/2023 12:16:27 PM
India`s Zomato shares climb on first-ever quarterly profit Shares of Zomato rose as much as 9.7% on Friday, a day after the food delivery company posted its first-ever quarterly profit.
India`s Zomato shares climb on first-ever quarterly profit
India`s Zomato shares climb on first-ever quarterly profit
Source: Reuters
4/08/2023 9:37:11 AM
India's Zomato posts first quarterly profit since 2021 listing India's Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms. The company reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30. Zomato, which also runs grocery delivery service Blinkit, said consolidated revenue from operations rose 70.9% to 24.16 billion rupees in the first quarter. That beat analysts average estimate of 22.86 billion rupees, according to Ref...
India's Zomato posts first quarterly profit since 2021 listing
India's Zomato posts first quarterly profit since 2021 listing
Source: Reuters
3/08/2023 3:53:36 PM
India`s Rajasthan plans online surcharge for gig workers` welfare fund The Indian state of Rajasthan has approved a bill to impose a surcharge on online transactions via platforms like Amazon, Ola and Zomato to fund welfare benefits for gig workers, the first such scheme in the country. The number of gig workers has grown sharply in India to an estimated 15 million - emerging as a constituency pursued by political parties ahead of elections in five states in the next few months and general elections early next year. The Rajasthan state assembly approved la...
India`s Rajasthan plans online surcharge for gig workers` welfare fund
India`s Rajasthan plans online surcharge for gig workers` welfare fund
Source: Reuters
25/07/2023 5:10:43 PM
Indian startups faced 70% drop in funding in FY23 to $15 bn While the Indian startup ecosystem experienced a sharp funding peak during FY22 reaching $50 billion, a gradual onset of the funding winter over the subsequent quarters led to a 70 per cent drop in FY23 to around $15 billion, a report showed on Tuesday. As funding plummets, startups are hunkering down, reducing burn rate and expediting their path to profitability, according to the report by market research firm Redseer.  "The increasing cost of capital and interest rates, rece...
Indian startups faced 70% drop in funding in FY23 to $15 bn
Indian startups faced 70% drop in funding in FY23 to $15 bn
Source: IANS
18/07/2023 12:39:09 PM
TVS Motor Company rides high on collaborating with Zomato TVS Motor Company is currently trading at Rs. 1318.15, up by 12.90 points or 0.99% from its previous closing of Rs. 1305.25 on the BSE. The scrip opened at Rs. 1301.05 and has touched a high and low of Rs. 1331.40 and Rs. 1297.30 respectively. So far 46035 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1384.55 on 12-Jun-2023 and a 52 week low of Rs. 793.50 on 28-Jun-2022. Last one week high and low of the scrip...
TVS Motor Company rides high on collaborating with Zomato
TVS Motor Company rides high on collaborating with Zomato
Source: IANS
28/06/2023 3:27:30 PM
Peak XV to further empower Indian startups: Sequoia's Roelof Botha Sequoia Capital India and Southeast Asia (SEA), now known as Peak XV Partners, will now operate as an independent firm that will provide more flexibility to further strengthen the market leadership position, Sequoia Capital's Managing Partner Roelof Botha said on Wednesday. Sequoia India and SEA is the largest venture capital firm in the region, managing over $9.2 billion across 13 funds. "Sequoia India and SEA have flourished under Shailendra Singh's leadership and we are ...
Peak XV to further empower Indian startups: Sequoia's Roelof Botha
Peak XV to further empower Indian startups: Sequoia's Roelof Botha
Source: IANS
15/06/2023 9:48:05 AM
Online food delivery platforms log just 7% spike in orders during IPL 2023 Online food delivery platforms saw a modest 7 per cent spike in orders during the just-concluded Indian Premier League (IPL) season, a report showed on Friday. In comparison, the online food delivery platforms dominated by the likes of Zomato and Swiggy garnered 50 per cent food order growth during IPL-2020. The online food delivery platforms (OFD) took a softened approach during IPL-2023, leading to a modest spike in the business, according to the report by Redseer Strategy Consultants...
Online food delivery platforms log just 7% spike in orders during IPL 2023
Online food delivery platforms log just 7% spike in orders during IPL 2023
Source: IANS
2/06/2023 10:56:59 AM
IBroad7 restructures under entity Reach India, with focus on audio, digital and local iBroad7, the country's largest agency in the audio market with proven capabilities across multiple media including print, outdoor, and television, is now expanding and scaling up rapidly with focus on the new economy, along with a sharp focus on localisation of campaigns and content. The company is expanding, both vertically and horizontally, under a new umbrella entity - Reach India - in a sharply engaged hub-and-spoke model, with widened national and international operations and new ...
IBroad7 restructures under entity Reach India, with focus on audio, digital and local
IBroad7 restructures under entity Reach India, with focus on audio, digital and local
Source: IANS
26/05/2023 5:21:25 PM
Zomato elevates Rakesh Ranjan as food delivery CEO Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business. The company also appointed Rishi Arora as CEO of Hyperpure, a subsidiary of the company. Ranjan was earlier business head of new businesse...
Zomato elevates Rakesh Ranjan as food delivery CEO
Zomato elevates Rakesh Ranjan as food delivery CEO
Source: IANS
20/05/2023 3:12:19 PM
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024 Zypp Electric on Tuesday said it will deploy 1 lakh e-scooters for online food delivery platform Zomato by 2024. The company said that the association is part of a larger plan of Zomato to go completely electric by 2030. "This association will enable us to significantly reduce carbon emissions and bring more sustainable last-mile delivery options to our customers. We look forward to working together to create more efficient and environment friendly deliveries," said Mohit Sard...
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Source: IANS
25/04/2023 11:01:35 AM
Cold supply chain marketplace Celcius raises Rs 100 cr to organise sector Cold chain marketplace startup Celcius Logistics on Monday said it has raising Rs 100 crore in its Series A funding led by IvyCap Ventures. The startup said it aims to use the funds to organise the sector through smart tech adoption by creating a truly unbroken cold chain. Celcius offers an integrated online smart platform that provides end-to-end supply chain solutions, including transport, warehousing, last-mile, and hyperlocal delivery services for all stakeholders across the cold ch...
Cold supply chain marketplace Celcius raises Rs 100 cr to organise sector
Cold supply chain marketplace Celcius raises Rs 100 cr to organise sector
Source: IANS
10/04/2023 3:40:42 PM
SUN Mobility to power 50K EV food delivery vehicles for Zomato SUN Mobility on Monday said it has entered into a collaboration with Zomato to power 50,000 electric 2-wheelers across the country over the next 24 months. The EV company, which will utilise its battery swap solutions for the last-mile deliveries, said the collaboration has been confirmed in Delhi with an initial fleet deployment. "By deploying 50,000 electric two-wheelers in Zomato's fleet, we are reducing our carbon footprint by 5,000 MT/month and contributing to a cleaner en...
SUN Mobility to power 50K EV food delivery vehicles for Zomato
SUN Mobility to power 50K EV food delivery vehicles for Zomato
Source: IANS
27/03/2023 11:38:00 AM
India`s gig economy in a limbo as online food deliveries slow down With a spurt in online food and grocery delivery, especially in the pandemic years, India saw a meteoric rise in the gig economy, giving millions of people job opportunities. However, delivering hot and piping food at customers' doorsteps has become a nightmare for many of them as the food delivery business turns out to be a losing game while more and more delivery partners report unfair work conditions, pay disparity, and harassment. India is likely to see its gig workforce add 9-1...
India`s gig economy in a limbo as online food deliveries slow down
India`s gig economy in a limbo as online food deliveries slow down
Source: IANS
18/03/2023 4:45:49 PM
Zomato rises on unveiling home-style meal service 'Everyday' Zomato is currently trading at Rs. 53.40, up by 0.40 points or 0.75% from its previous closing of Rs. 53.00 on the BSE. The scrip opened at Rs. 52.90 and has touched a high and low of Rs. 53.55 and Rs. 52.80 respectively. So far 868879 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.40 on 31-Mar-2022 and a 52 week low of Rs. 40.55 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs. 56.15 and ...
Zomato rises on unveiling home-style meal service 'Everyday'
Zomato rises on unveiling home-style meal service 'Everyday'
Source: Accord Fintech
23/02/2023 10:44:30 AM
Zomato launches home-style cooked meal delivery service, starts Rs 89 Online food delivery platform Zomato on Wednesday said it will deliver fresh homely meals crafted with real home chefs at affordable prices. Zomato Everyday is currently available in select areas of Gurugram only, with fresh meals starting at only Rs 89. In its Q3 FY23 results, Zomato had said it was working on remodelling the Zomato Instant service to focus on offering its customers home-style cooked meals at affordable prices (will be called Zomato Everyday). "Experience the c...
Zomato launches home-style cooked meal delivery service, starts Rs 89
Zomato launches home-style cooked meal delivery service, starts Rs 89
Source: IANS
22/02/2023 1:13:31 PM
Blinkit introduces Brand Stores, over 20 companies now onboard  Zomato-owned quick grocery delivery platform Blinkit has launched Brand Stores, where companies can showcase their products in a way that is tailored to their style. At Brand Stores, companies also have the avenue to create custom pages or flows on the page that allow them to highlight different products or engage with customers if they want to deliver a message about the brand. More than 20 brands are now part of the initiative, according to Blinkit. "At this point, we ar...
Blinkit introduces Brand Stores, over 20 companies now onboard
Blinkit introduces Brand Stores, over 20 companies now onboard
Source: IANS
16/02/2023 2:26:07 PM
Amazon Pay, Google, 30 other payment aggregators get RBI nod to continue operations  The Reserve Bank of India (RBI) on Wednesday said it has granted in-principle approval to 32 existing payment aggregators, allowing them to continue their operations. Amazon (Pay) India Pvt Ltd, Google India Digital Services Pvt Ltd, Reliance Payment Solutions Ltd and Zomato Payments Pvt Ltd are among the notable entities whose names are present in the list published by the RBI on Wednesday, of those existing payment aggregators, who have been granted in-principle approval to continu...
Amazon Pay, Google, 30 other payment aggregators get RBI nod to continue operations
Amazon Pay, Google, 30 other payment aggregators get RBI nod to continue operations
Source: IANS
16/02/2023 9:57:59 AM
New age digital stocks are not doing great primarily Says Dr. V K Vijayakumar, Geojit Financial Services Below is the view on  New Age stocks post Q3 results from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services New age digital stocks are not doing great primarily because the market is not doing great. India is underperforming this year with a negative 2.34 % return YTD while markets like China, HongKong and South Korea are doing very well. When India’s underperformance changes, new age digital companies also will start performing. Some result...
New age digital stocks are not doing great primarily Says Dr. V K Vijayakumar, Geojit Financial Services
New age digital stocks are not doing great primarily Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services Ltd
14/02/2023 10:49:25 AM
Zomato's net loss widens to Rs 347 cr in December quarter Online food platform Zomato's consolidated loss widened to Rs 346.6 crore (year-on-year) for the quarter ended December 31, against a loss of Rs 63 crore in the same period last year, the company said on Thursday. The company said that adjusted revenue witnessed a 66 per cent growth to Rs 2,363 crore (YoY). Zomato Founder and CEO Deepinder Goyal said that the long-term opportunity remains large and exciting. "We think that the current slowdown is a result of a few temporary ...
Zomato's net loss widens to Rs 347 cr in December quarter
Zomato's net loss widens to Rs 347 cr in December quarter
Source: IANS
10/02/2023 11:10:56 AM
Nexus Venture eyes $700 million fund to bet on India, U.S. tech startups-sources India's Nexus Venture Partners is in advanced talks to raise a $700 million fund, the second-biggest such pool to be garnered in the country in the past year, to invest in domestic and U.S.-based technology firms, two sources with direct knowledge said. The planned fund raising, which one of the sources said will close within two months, is an indication that investors may be starting to get more comfortable with Indian technology company valuations after the poor market performance in...
Nexus Venture eyes $700 million fund to bet on India, U.S. tech startups-sources
Nexus Venture eyes $700 million fund to bet on India, U.S. tech startups-sources
Source: Reuters
4/01/2023 2:05:44 PM
Swiggy delivers 1.65 lakh, Zomato gets 16,514 biryani orders on NY Eve Homegrown online food delivery platforms Swiggy and Zomato have revealed that they had delivered 1.65 lakh and 16,514 biryani orders, respectively, on New Year's Eve. Swiggy tweeted on December 31: "I'm just hoping y'all have enough room left for the 1.56 lakh biryanis that's also been delivered." Later, it posted that "the number of biryani orders have now gone to 1.65 lakh since I tweeted this". Swiggy CEO Sriharsha Majety also revealed that more...
Swiggy delivers 1.65 lakh, Zomato gets 16,514 biryani orders on NY Eve
Swiggy delivers 1.65 lakh, Zomato gets 16,514 biryani orders on NY Eve
Source: IANS
2/01/2023 5:14:39 PM
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover Former BharatPe co-founder and managing director Ashneer Grover has revealed he made a cool Rs 2.25 crore from Zomato IPO within 8 minutes of its opening in July last year. In his memoir 'Doglapan', Grover said that with the IPO being oversubscribed more than 30 times, he got an allotment of shares worth over Rs 3 crore. "My RMs (relationship managers), based on grey-market premiums, were expecting the Zomato share to list between Rs 85-90, as against an issue price of Rs 7...
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover
Source: IANS
27/12/2022 1:39:50 PM
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over frothy...
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout
Source: IANS
9/12/2022 10:38:20 AM
Alibaba to sell shares worth $200 mn in Zomato: Report Chinese behemoth Alibaba is set to sell its shares worth $200 million in Zomato via a block deal on Wednesday, the media reported. According to CNBC Awaaz, citing sources, Ant Financial and Alipay would bring down their stake in the Deepinder Goyal-run food delivery unicorn to about 10 per cent from the current 13 per cent. "The block deal is said to happen at a discount of about 5-6 per cent," said the report. Zomato refused to comment when contacted by IANS. Zomato'...
Alibaba to sell shares worth $200 mn in Zomato: Report
Alibaba to sell shares worth $200 mn in Zomato: Report
Source: IANS
30/11/2022 9:36:03 AM
Ambit announces big upgrades and downgrades With the second quarter results season over, Ambit Capital has come out with its upgrades and downgrades report among NSE200 companies. According to Ambit, the biggest upgrades include: Indian Oil Corporation, Trent, Zomato, Bajaj Auto and Gujarat Gas. The Indian Oil upgrade is driven by better-than-expected performance owing to liquified petroleum grand (LPG) grant and highest refining coverage as against other oil marketing companies which would also benefit in 2H. Trent upgrades f...
Ambit announces big upgrades and downgrades
Ambit announces big upgrades and downgrades
Source: IANS
29/11/2022 5:33:22 PM
From Meta to Zomato, how India's new online review rules will impact industry With the new Bureau of Indian Standards (BIS) guidelines coming into force to guard customers from fake online reviews of products, tech giants like Meta and Google, along with homegrown platforms like Zomato and Flipkart, will now face closer scrutiny of product reviews on their respective platforms. The guidelines, prescribing specific responsibilities for the review author and the review administrator, went live on Friday and are now applicable to every online platform which publishes c...
From Meta to Zomato, how India's new online review rules will impact industry
From Meta to Zomato, how India's new online review rules will impact industry
Source: IANS
26/11/2022 2:02:57 PM
Zomato now available in Hindi, delivering 150K orders via regional language platforms Online food delivery platform Zomato on Friday announced it is now available in Hindi and other widely spoken regional languages including Bengali, Gujarati, Kannada, Malayalam, Punjabi, Marathi, Tamil and Telugu. The company said it is delivering more than 150,000 orders a month via the regional language versions of the Zomato app. "Hindi and Tamil contribute to 54 per cent and 11 per cent of these orders currently, respectively, and the rest are growing rapidly," said the co...
Zomato now available in Hindi, delivering 150K orders via regional language platforms
Zomato now available in Hindi, delivering 150K orders via regional language platforms
Source: IANS
26/11/2022 9:40:13 AM
New-age Indian internet firms continue to bleed as startup IPO dream over With leading financial services company Paytm's shares plunging to an all-time low of Rs 477 on Tuesday, the grim performance of new-age internet companies continued in the public market amid the global macroeconomic conditions. In the last 16 months or so, five of such startup/unicorn's initial public offerings - Paytm, Zomato, Nykaa, Delhivery and Policybazaar - have gone through a bloodbath, shedding more than $18 billion in value. VC firm Lighthouse India Fund III has sold 3...
New-age Indian internet firms continue to bleed as startup IPO dream over
New-age Indian internet firms continue to bleed as startup IPO dream over
Source: IANS
23/11/2022 10:45:17 AM
India proposes guidelines to combat fake online reviews and ratings India launched a crackdown on Monday against fake consumer reviews and unverified ratings in a bid to make the online world and e-commerce more authentic and less misleading for users. The government has drafted guidelines for companies from Alphabet Inc's Google, Meta Platform's Facebook and Instagram, and Amazon.com Inc to travel sites and food delivery apps that depend on reviews to validate products and services. Positive reviews help generate sales and interest from potential ...
India proposes guidelines to combat fake online reviews and ratings
India proposes guidelines to combat fake online reviews and ratings
Source: Reuters
22/11/2022 9:43:18 AM
India`s Zomato surge 13% on narrower quarterly loss Shares of Zomato Ltd jumped 13% on Friday, a day after the food delivery company reported a narrower loss for the second quarter due to a rise in volumes and value of online orders. The company' shares rose as much as 13% to 72.25 rupees in early trading, to hit their highest since June 27. Zomato's consolidated net loss narrowed to 2.51 billion Indian rupees ($30.73 million) in the July-September quarter, from 4.30 billion rupees a year earlier. Excluding figures for its rec...
India`s Zomato surge 13% on narrower quarterly loss
India`s Zomato surge 13% on narrower quarterly loss
Source: Reuters
11/11/2022 10:12:51 AM
Kotak Mahindra Bank`s Big Festive Dhamaka Khushi Ka Season Reloaded * Over 10,000 offers in store on ‘just about everything’ - travel, dining, Everyday Specials, EMI schemes et al * Customers can avail discounts at  Amazon.in, Flipkart, Reliance Digital, Croma, Myntra, AJIO, PUMA, EazyDiner, DMart, Yatra, EaseMyTrip, Zomato, and many more * Offers exclusively for KMBL debit and credit card holders Mumbai : Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today announced launch of the fifth installment of its exclu...
Kotak Mahindra Bank`s Big Festive Dhamaka Khushi Ka Season Reloaded
Kotak Mahindra Bank`s Big Festive Dhamaka Khushi Ka Season Reloaded
Source: PR Agency
4/10/2022 1:59:01 PM
Zomato says confident to make profit from inter-city food delivery Online food aggregator Zomato on Wednesday said that its inter-city food delivery will start making profit even at "a slight scale" amid concerns of the service being a logistical nightmare and a high cash-burn model. Zomato's VP of Global Growth Siddharth Jhawar told IANS that this is a business and they want to be profitable. "Even at a slight scale, we'll start making a profit. As we grow and with awareness, when people start making our offering a part of their...
Zomato says confident to make profit from inter-city food delivery
Zomato says confident to make profit from inter-city food delivery
Source: IANS
28/09/2022 5:14:48 PM
Swiggy, Zomato make it to top 10 global online food delivery firms Homegrown online food delivery platforms Zomato and Swiggy have made it to the list of the world's 'Top 10' e-commerce-based food delivery companies, says a new report. According to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th. Meanwhile, China's Meituan, the UK's Deliveroo, and the US' Uber Eats, a subsidiary of Uber, captured the top 3 positions, respectively. "The food delivery sector refers...
Swiggy, Zomato make it to top 10 global online food delivery firms
Swiggy, Zomato make it to top 10 global online food delivery firms
Source: IANS
23/09/2022 10:43:02 AM
Hotel industry body cautions restaurants over Zomato Pay, Swiggy Diner The National Restaurant Association of India (NRAI) on Friday cautioned the restaurant fraternity to exercise caution before choosing to be part of the new Zomato Pay and Swiggy Diner programmes, calling those "bizaare". The NRAI said in an advisory that customers are dazzled into settling their bills via either Zomato Pay or Swiggy Diner "because of the deep discounts and generous cash backs that comes with it; it is a deal too good to refuse at no cost". However, r...
Hotel industry body cautions restaurants over Zomato Pay, Swiggy Diner
Hotel industry body cautions restaurants over Zomato Pay, Swiggy Diner
Source: IANS
2/09/2022 4:55:14 PM
Sequoia Capital sells 2% of shareholding in Zomato Sequoia Capital has reduced its shareholding by 2 per cent in the open market in Zomato, the company said in an exchange filing. With this Sequoia holds a 4.4 per cent stake in Zomato. Prior to this sale, Sequoia Capital held a 6.41 per cent stake in the company. According to exchange filing, Sequoia Capital India Growth Investment Holdings sold 6.67 crore shares in the period from September 6, 2021, to October 14, 2021, and another 2.12 crore shares in the open market between June 27, ...
Sequoia Capital sells 2% of shareholding in Zomato
Sequoia Capital sells 2% of shareholding in Zomato
Source: IANS
26/08/2022 4:25:24 PM
Zomato Pro stops new sign ups, renewals as firm plans new premium plan Online food delivery platform Zomato has stopped signing up new users or renewing old subscriptions for its loyalty dining membership programme called 'Pro', as the Deepinder Goyal-run company is working with customers and restaurant partners to craft a new programme. The move comes as fine-dine restaurants are now open across the country after facing a turbulent time in the pandemic, and people now prefer going out with families for dinners. The online food aggregator launched ...
Zomato Pro stops new sign ups, renewals as firm plans new premium plan
Zomato Pro stops new sign ups, renewals as firm plans new premium plan
Source: IANS
22/08/2022 12:10:03 PM
Zomato moves up on acquiring entire stake in Blink Commerce India Zomato is currently trading at Rs. 57.45, up by 1.50 points or 2.68% from its previous closing of Rs. 55.95 on the BSE. The scrip opened at Rs. 56.70 and has touched a high and low of Rs. 57.70 and Rs. 56.35 respectively. So far 3578917 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.10 on 16-Nov-2021 and a 52 week low of Rs. 40.55 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs. 59.15 an...
Zomato moves up on acquiring entire stake in Blink Commerce India
Zomato moves up on acquiring entire stake in Blink Commerce India
Source: Accord Fintech
11/08/2022 11:35:30 AM