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FMCG giants turn to data forecasting to address online stock gaps in quick commerce
As quick commerce (Q-comm) gains prominence as the top-performing channel, major FMCG companies like Nestle, ITC, Parle Products, LT Foods, and Coca-Cola are swiftly...
Online grocery market in India takes a hit as consumer preferences shift to local markets
The online grocery market in India, propelled by quick-commerce platforms and experiencing a surge since the COVID-induced lockdown in 2020, is now showing signs...
SoftBank to reduce stake in Swiggy as food delivery platform gears up for $1 Billion IPO
Swiggy, the leading food delivery platform, is gearing up for its stock market debut around mid-2024. Touted as the most substantial initial public offering...
Swiggy, Blinkit, and Zepto hit highest daily sales amid cricket World Cup furor
While Australia emerged victorious against India, securing its sixth cricket World Cup, quick-commerce companies in the nation rejoiced. From flowers to soft drinks and...
Dhanteras sales boom: Blinkit, Swiggy Instamart, and Zepto witness rapid surge in festive purchases
On Friday, Blinkit, the rapid-commerce division of Zomato, a leading food delivery platform, announced a notable increase in the sales of gold and silver...
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...