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Zomato achieves new 52-week high at INR 123.9 following strong Q2 performance
Zomato's stocks surged by as much as 6.4% during intraday trading on the BSE on Monday, hitting a new 52-week high of INR 123.9....
Zomato grants 10.65 Cr ESOPs following two consecutive profitable quarters
Zomato, the foodtech giant, has recently allotted nearly 10.65 crore equity shares as part of its multiple employee stock option plans (ESOPs).According to an...
Blinkit records first positive contribution, anchoring Zomato’s quick commerce success
Blinkit, the quick commerce arm of the foodtech giant Zomato, marked a significant milestone during the quarter ending on September 30, 2023 (Q2 FY24)...
Zomato reports remarkable surge in profit, achieving second consecutive profitable quarter in FY24
Foodtech giant Zomato has unveiled its second consecutive profitable quarter today, experiencing a remarkable surge in profit after tax, reaching INR 36 Crore during...
Quick delivery platform Blinkit’s revenues soar even as losses escalate in FY23
Zomato-owned quick delivery platform Blinkit witnessed an 8.2 percent rise in losses, with figures climbing from INR 996.7 crore in FY22 to INR 1,078.9...
Swiggy competes with Zomato Gold with its new affordable Swiggy One Lite subscription plan
Food delivery giant Swiggy has rolled out Swiggy One Lite, a budget-friendly variant of its subscription service, Swiggy One. This new offering provides users...
Bernstein bullish on Zomato, predicts 21.7% gain with new INR 120 price target
After Zomato reported its first profitable quarter in Q1 FY24, brokerage firm Bernstein has indicated that the foodtech leader is setting higher standards for...
Major relief for Blinkit as Supreme Court dismisses trademark infringement appeal
In a significant development for Blinkit, the quick-commerce giant owned by Zomato, the Supreme Court (SC) has reportedly declined to grant a stay on...
Zomato turns profitable in Q1 FY24, reports INR 2 Cr consolidated PAT
Zomato, the leading Foodtech company, announced on Thursday (August 3) that it achieved profitability in the first quarter of the financial year 2023-24 (FY24)....
Gaia partners with Blinkit for swift and effortless product delivery, expanding presence in India
Gaia, a prominent brand in the health and wellness industry, has recently joined forces with Blinkit to ensure the swift and effortless delivery of...
Monsoon Fury: Online delivery services struggle as waterlogged roads paralyze Northern India
The heavy rainfall wreaked havoc on online deliveries in urban centers, including Delhi and the National Capital Region. The region was hit by the...
Online platforms gain ground as Indian consumers shift to buying fresh greens online, Otipy survey shows
Otipy, an agritech startup that specializes in providing fresh fruits and vegetables, has conducted a survey shedding light on a significant trend towards online...