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Zomato CEO Deepinder Goyal clarifies controversy over INR 20 Lakh fee job
Zomato cofounder and CEO Deepinder Goyal issued a clarification regarding the company's job listing for a chief of staff position, which received criticism...
Swiggy now offers kitchen equipment procurement service to restaurant partners
Days after its public market debut, foodtech major Swiggy has introduced a new service to help restaurant partners source kitchen equipment.Swiggy new service connects...
Zomato cracks down on fraudulent restaurants after user complaints
Zomato has delisted multiple "potentially fraudulent" restaurants from its platform after users flagged suspicious single-dish eateries. The foodtech major took swift action, investigating restaurants with...
Zomato leads in food delivery market with 58% share, Swiggy trails behind
Zomato continues to dominate the food delivery segment with a 58% market share in the June quarter of FY2024-25, according to a report by...
Indic Wisdom bags $2 Mn in pre-Series A funding to expand wood-pressed oil business
Mumbai-based wood-pressed oils manufacturer Indic Wisdom has raised $2 million (approximately INR 16.88 crore) in its Pre-Series A funding round, led by Rockstud Capital...
Motilal Oswal initiates coverage on Swiggy with ‘Neutral’ rating, sees 15% upside potential
Brokerage company Motilal Oswal has initiated coverage on Swiggy with a 'neutral' rating, predicting a 15% upside potential from its current stock price. This...
Zomato expects 30% annual growth in core delivery business over next five years
Food delivery platform Zomato foresees its core delivery business to grow at an annual rate of 30% over the next five years, driven by...
10-minute food delivery startup Swish raises $2 Mn in seed funding
Just three months after its incorporation, Swish, a 10-minute food delivery startup, has secured $2 million in seed funding led by venture capital firm...
Zepto expands Cafe service to major cities after achieving INR160 Cr revenue run rate
Quick commerce company Zepto has announced the expansion of its cafe service to 120 cities, including Delhi NCR, Bengaluru, Hyderabad, Chennai, and Pune. This move...
Zomato introduces ‘District’ App, enabling customers to book tables, tickets, and events
Food delivery platform, Zomato has rolled out its 'District' app on iOS and Android platforms, three months after announcing its launch. The app enables...
Morgan Stanley ups Zomato’s target price to INR 355, sees 31.7% upside potential
Global brokerage firm Morgan Stanley has increased its target price for Zomato to INR 355 from INR 278, citing the company's potential to benefit...
Swiggy appoints ex- Lenskart executive Supriya Shankar as VP of Events
Foodtech giant Swiggy has appointed Supriya Shankar, a former Lenskart executive, as Vice President of its events and experience vertical. Shankar brings over a...