Tuesday, Aug 09, 2022
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No Can Do, Zomato To EY's Lowered Valuation Following Blinkit Acquisition

No Can Do, Zomato To EY's Lowered Valuation Following Blinkit Acquisition

The food delivery platform said that EY's initial share price valuation at Rs 70.76 was in absolute and complete compliance with all provisions of applicable laws

06 August 2022
Zomato Has The Last Laugh After Uber Offloads 7.8% Stake

Zomato Has The Last Laugh After Uber Offloads 7.8% Stake

The food delivery platform's consolidated revenue from operations rose 67.44 per cent year-on-year to touch Rs 1,413.90 crore in the April to June 2022 quarter

04 August 2022

Zomato Net Loss Halves To Rs 186 Crore In April-June Quarter

During the quarter under review, the company's total income rose to Rs 1,582 crore against Rs 916.6 crore in the corresponding period of last year

Zomato Planning Multiple-CEO Structure, Founder Deepinder Goyal Informs Employees

Zomato Planning Multiple-CEO Structure, Founder Deepinder Goyal Informs Employees

He also announced the creation of a larger entity called 'Eternal'  

01 August 2022

Facing Unfair Competition From Global Tech Giants: Domestic Tech Players To Parliament Panel

During the meeting with top executives of eight technology firms, including Zomato, Swiggy, Flipkart, and MakeMyTrip, were also questioned about what steps...

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23 July 2022
Swiggy, Zomato, Flipkart, Ola And Oyo Officials To Attend Parliamentary Standing Committee On Marketplace Competition

Swiggy, Zomato, Flipkart, Ola And Oyo Officials To Attend Parliamentary Standing Committee On Marketplace Competition

Chaired by BJP leader and former Union Minister Jayant Sinha, the Committee has been investigating allegations of anti-competitive practices by leading tech...


01 July 2022
It’s Raining Weddings In Start-ups

It’s Raining Weddings In Start-ups

A record 189 M&As have already happened this year, a much high figure than the preceding two years. Amid a funding winter and shaky sentiments, are M&As good...


01 July 2022
Gay And Happy With India Inc? Corporates Take Pride In An Inclusive Workplace

Gay And Happy With India Inc? Corporates Take Pride In An Inclusive Workplace

In addition to representing LGBTQIA+ community members as part of their campaigns, companies need to engage and support them by organising job fairs or...


28 June 2022
Explained: What Is In Store For Zomato With Blinkit Acquisition

Explained: What Is In Store For Zomato With Blinkit Acquisition

With the much-anticipated acquisition, Zomato has forayed into the quick commerce space—a segment that the online food aggregator had been eyeing for quite...


27 June 2022
Zomato's Shares Fall Over 6% After Announcing Blinkit's Acquisition

Zomato's Shares Fall Over 6% After Announcing Blinkit's Acquisition

The stock declined 6.40 per cent to settle at Rs 65.85 on the BSE. During the day, it fell 7.53 per cent to Rs 65.05


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24 June 2022
Zomato To Acquire Blink Commerce In Rs 4,447 Crore Deal

Zomato To Acquire Blink Commerce In Rs 4,447 Crore Deal

The company's board at a meeting held on Friday has approved acquisition of up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a...


15 June 2022
Jio-BP, Zomato partner to help food delivery giant achieve 100% EV fleet by 2030

Jio-BP, Zomato partner to help food delivery giant achieve 100% EV fleet by 2030

As part of the agreement “Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery swapping stations for...


13 June 2022
Government Asks Swiggy, Zomato Others To Submit Plans In 15 Days For Improving Complaint Redressal

Government Asks Swiggy, Zomato Others To Submit Plans In 15 Days For Improving Complaint Redressal

The department of consumer affairs directed e-commerce FBOs "to transparently show consumers the breakup of all charges included in the order amount such as...


10 June 2022
After Restaurants And Cab Aggregators, Government To Hold Talks With Edtech Firms Against Rising Complaints

After Restaurants And Cab Aggregators, Government To Hold Talks With Edtech Firms Against Rising Complaints

Recently, the secretary had a meeting with restaurants and hotel representatives over service charge issues, as well as with ride-hailing apps over unfair...


23 May 2022
Zomato Q4 Results: Net Loss Widens To Rs 360 Crore

Zomato Q4 Results: Net Loss Widens To Rs 360 Crore

Revenue from operations rose 75 per cent to Rs 1,212 crore in the January-March period as against Rs 692 crore in the year-ago period


23 May 2022
Key Things To Know Before Markets Open On Monday

Key Things To Know Before Markets Open On Monday

On Friday, the markets managed to break a five-week losing streak as the Sensex rose 2.9 per cent while the broader Nifty 50 Index advanced 3 per cent.


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25 April 2022
Zomato's Deepinder Goyal Joins Urban Company Board As Independent Director

Zomato's Deepinder Goyal Joins Urban Company Board As Independent Director

Urban Company's board will now have three executive directors, three non-executive directors, and four independent directors.


22 April 2022
Zomato Announces 100% 'Plastic Neutral Deliveries' From April 2022

Zomato Announces 100% 'Plastic Neutral Deliveries' From April 2022

The company recognises that it is important to start promoting biodegradable and other non-plastic alternatives to make them become as affordable and available...


06 April 2022
Zomato, Swiggy Face Glitch; Complaints Flood On Social Media

Zomato, Swiggy Face Glitch; Complaints Flood On Social Media

According to an industry official, the two main online food ordering platforms faced outage around 2 pm due to a technical snag with Amazon Web Services which...


05 April 2022
Zomato Says It Is In Compliance With Competition Law

Zomato Says It Is In Compliance With Competition Law

Competition Commission of India had on Monday ordered a detailed probe against Zomato and rival Swiggy, for alleged unfair business practices with respect to...


04 April 2022
Zomato, Swiggy To Be Probed For Alleged Unfair Business Practices: CCI

Zomato, Swiggy To Be Probed For Alleged Unfair Business Practices: CCI

The order has come on a complaint filed by the National Restaurant Association of India


29 March 2022
Reliance Set To Enter Instant Grocery Delivery Service, To Take On Blinkit, Swiggy Instamart

Reliance Set To Enter Instant Grocery Delivery Service, To Take On Blinkit, Swiggy Instamart

The company is reportedly testing a separate app for express grocery deliveries as well as integrating it into the JioMart platform


26 March 2022
MP Home Minister Raises Road Safety Concerns, Asks Zomato To Change Delivery Plan

MP Home Minister Raises Road Safety Concerns, Asks Zomato To Change Delivery Plan

MP's Home Minister Narottam Mishra has said that food delivery company Zomato's new feature promising delivery of food within 10 minutes is akin to...


15 March 2022
Zomato-Blinkit Enter All Stock Merger Deal: Report

Zomato-Blinkit Enter All Stock Merger Deal: Report

Blinkit, which was earlier known as Grofers is currently undergoing a severe cash crunch and has shut down approximately 40 dark stores, and laid off its...


08 March 2022
Swiggy Hires JP Morgan, ICICI Securities Ahead Of Its $1-Billion IPO

Swiggy Hires JP Morgan, ICICI Securities Ahead Of Its $1-Billion IPO

Swiggy is likely to file the draft red herring prospectus with Sebi by June and a launch could happen in early 2023


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