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Monday, October 14, 2024

Tag: FoodTech

Zomato’s independent director Gunjan Soni resigns from board

Leadership
Foodtech giant Zomato's independent director Gunjan Soni has stepped down from the company's board due to "increased work commitments." In͏͏ a͏͏ BSE͏͏ filing,͏͏ the͏͏ company͏͏ stated͏͏ that͏͏ Soni͏͏ will͏͏ also͏͏ step͏͏ down͏͏ from͏͏ her͏͏ roles͏͏ on͏͏ the͏͏...

Zomato allocates INR 330 Cr in stock options to employees through ESOPs

Food & Beverage
Foodtech giant Zomato has granted approximately 12 million stock options through its employee stock option plans (ESOPs). In͏͏ an͏͏ official͏͏ filing͏͏ dated͏͏ October͏͏ 2,͏͏ 2024,͏͏ the͏͏ company͏͏ revealed͏͏ that͏͏ a͏͏ total͏͏ of͏͏ 11,997,768͏͏ stock͏͏ options͏͏ have͏͏...

IPO-bound Swiggy grants $271 Mn in ESOPs to founders, top executives

Food & Beverage
IPO-bound foodtech giant Swiggy has granted employee stock options valued at $271 million to its founders and top management. This͏͏ move͏͏ is͏͏ part͏͏ of͏͏...

Zomato bolsters ‘going out’ vertical with appointment of former BookMyShow executive Kunal Khambhati

Leadership
Ahead of the launch of its District app, foodtech giant Zomato has strengthened its 'going out' vertical by bringing on board Kunal Khambhati, former...

Zomato shares surge 4% as HSBC raises PT to INR 330

Food & Beverage
Zomato shares surged over 4% in early trading today after brokerage HSBC reaffirmed its 'buy' rating, citing the company's lead over Swiggy in growth...

Zomato’s Deepinder Goyal excluded from Shark Tank India as rival Swiggy takes sponsorship

Industry
Deepinder Goyal, cofounder and CEO of Zomato, will not be participating in the next season of Shark Tank India, as Swiggy, a competing foodtech...

IPO-bound Swiggy pilots concierge service targeting premium customer base

Food Tech
IPO-bound Swiggy has reportedly started testing a premium concierge membership, offering subscribers exclusive access to high-end experiences and events not available to the general...

Zomato expands ESOP pool, allocates 1.2 Cr stock options to employees

Food Tech
Foodtech giant Zomato has increased the size of its employee stock option plan (ESOP) by allocating nearly 1.2 crore stock options to eligible employees. In͏͏...

Invesco raises Swiggy valuation by nearly 25% to $13.3 Bn ahead of IPO

Food Tech
US-based asset manager Invesco has raised the valuation of foodtech giant Swiggy to $13.3 billion,,͏͏ reflecting͏͏ a͏͏ nearly͏͏ 25%͏͏ jump͏͏ from͏͏ the͏͏ investor's͏͏ last͏͏...

BizDateUp co-founders acquire stakes in IPO-bound Swiggy

Food Tech
In a bold move, venture capitalists and co-founders of BizDateup, Jeet Chandan and Meet Jain, have acquired an undisclosed stake in Swiggy, the IPO-bound...

IPO-bound Swiggy facing INR 327 Crore GST demand

Food Tech
Foodtech giant Swiggy faces potential goods and services tax (GST) liabilities totaling INR 326.7 crore, as indicated in its recently submitted updated draft red...

Swiggy’s IPO could net Prosus $500 Mn; founders set to cash out $36 Mn

Food Tech
Swiggy’s largest investor, Prosus, stands to gain over $500 million from the food and grocery delivery firm's upcoming IPO, as it plans to offload...

Zomato’s Co-Founder and CPO Akriti Chopra resigns

Food Tech
Foodtech giant Zomato's co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from the company. In͏͏ an͏͏ exchange͏͏ filing͏͏ with͏͏ the͏͏ BSE,͏͏ the͏͏ foodtech͏͏...

Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved

Food Tech
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...
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