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Bernstein raises Zomato’s price target to INR 230, upholds ‘OUTPERFORM’ rating following strong Q4 results
After reviewing Zomato's Q4 results, brokerage firm Bernstein upheld its "OUTPERFORM" rating for the foodtech company's stock and increased its price target (PT) from...
Blackstone-led consortium eyes $8.5 Billion stake in Haldiram snacks, setting stage for India’s largest PE buyout yet
A consortium led by Blackstone, the world’s largest private equity fund, in collaboration with Abu Dhabi Investment Authority (ADIA) and GIC of Singapore, reportedly...
Zomato to expand ‘Everyday’ home-cooked meal service to Bengaluru and Mumbai following successful launch in Gurugram
After successfully launching its home-cooked meal service 'Zomato Everyday' in Gurugram, foodtech major Zomato is now planning to expand and scale the service in...
Zomato seeks shareholder approval for 18.26 Cr employee stock options plan
Zomato, a leading player in the foodtech sector, has sought approval from its shareholders for the formulation, adoption, and implementation of a new employee...
B2B e-commerce platform BEYOBO secures INR 6.7 Crore in pre-Series A2 round
BEYOBO, a cross-border e-commerce platform specializing in consumer goods, has secured INR 6.7 crore in its pre-Series A2 funding round, which was oversubscribed by...
Namaskara Meals unveils six Gurgaon outlets, plans to expand to 20 locations
Namaskara, the latest addition to India's vibrant street food culture, has launched its operations in Gurgaon with six locations, aiming to redefine the everyday...
Farmley champions healthy snacking with transition to 100% palm oil-free products
Farmley, known for its nutritious snacks, has announced its transition to palm oil-free products. Over the course of a year, the company has diligently...
Sanjay Dutt’s Glenwalk Whiskey disrupts Indian market, sells out 4X initial inventory in record time, aims to sell 28 lakh bottles by next FY
Experiencing a meteoric rise in demand and strategically pricing itself, The Glenwalk Scotch Whisky is rewriting the rules of the Indian whisky market. Launched...
Zomato’s subsidiary ZPPL to surrender RBI license as online payment aggregator
Foodtech giant Zomato's subsidiary, Zomato Payment Private Limited (ZPPL), has opted to voluntarily surrender the certificate of authorization granted by the Reserve Bank of...
Blinkit’s Q4 FY24 revenue hits INR 769 Crore; loss narrows to INR 37 Crore
Blinkit, Zomato’s quick commerce vertical, achieved positive adjusted EBITDA in March 2024 as it continued to scale up the average order value and volume...
Zomato’s Q4 net profit surges 27% quarter-over-quarter to INR 175 Cr
Zomato, a major player in the foodtech industry saw its consolidated profit after tax (PAT) surge by 26.8% to INR 175 Cr in the...
Zomato’s shares hit 52-week high at INR 207.30 ahead of Q4 results
Foodtech giant Zomato's shares surged nearly 3% during intraday trading on Monday (May 13), touching a fresh 52-week high at INR 207.30 on the...