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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...
Meesho appoints former Flipkart executive Surojit Chatterjee as independent director
Meesho, the ecommerce platform, has appointed Surojit Chatterjee as an independent director to its board.Moneycontrol was the first to report this development.This development comes...
Flipkart mulls reverse flip to India as IPO looms on the horizon
Flipkart, a major player in e-commerce, is in talks to relocate its parent entity from Singapore to India, as reported by ET.Valued at around...
FMCG companies to face muted demand in June quarter, recovery likely in H2
The demand for daily groceries, essentials, and household products is expected to be muted in the current quarter, according to global research firm Kantar....
Fynd set to launch buyer app on ONDC, plans to onboard 500 brands on seller app
Fynd, the omnichannel retail platform, is expanding its footprint on the Open Network for Digital Commerce (ONDC). Having unveiled its fashion-centric seller app in...
Zomato’s subsidiary auditor resigns, Deloitte to step in
Zomato, the foodtech giant, has stated that the auditors for its subsidiaries Zomato Hyperpure and Blink Commerce have resigned with immediate effect, allowing the...
Packaged food label claims could be misleading and incomplete: ICMR
The Indian Council of Medical Research (ICMR) has highlighted that food labels on packaged items can be misleading, emphasizing the importance for consumers to...
Restaurants and food aggregators hit all-time highs on Mother’s Day
Restaurant owners across all formats, be it fine dining, casual dining, or food aggregator platforms, reported an unprecedented surge in diners on Mother's Day,...
Marico eyes strategic acquisitions to boost business in South Asian markets
Marico Ltd, a leading player in fast-moving consumer goods (FMCG), is actively exploring acquisitions in South Asia to bolster its growth strategy in the...