FoodTech
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Ghost Kitchens acquires Gujarat-based cloud kitchen The Shy Tiger in all-cash deal
Ghost Kitchens, a foodtech platform, has acquired Gujarat-based cloud kitchen company The Shy Tiger in an all-cash deal, as announced by Karan Tanna, CEO...
Swiggy transitions to publicly traded company ahead of $1 Billion IPO
Swiggy, the food delivery platform, has transitioned into a publicly traded company ahead of its highly anticipated initial public offering (IPO).In a regulatory submission,...
Zomato’s shares surge to record high, nearing INR 200 mark as Kotak raises price target to INR 210
Maintaining their bullish momentum, Zomato's shares edged closer to the INR 200 milestone. The foodtech giant's stock surged to a record peak of INR...
Tax troubles continue for Zomato as INR 92 Cr demand notice adds to mounting woes
Zomato continues to face mounting challenges, as the foodtech company has been ordered to pay a service tax of INR 92 Cr. This comes...
Zomato pilots new last-mile delivery service for office goers in corporate parks
Zomato, a leading player in the foodtech space, is reportedly piloting a new initiative that offers last-mile delivery to office goers within corporate parks.According...
Zomato’s GST saga continues: Karnataka tax authority slaps INR 23 Crore demand
Foodtech giant Zomato has received a tax demand, along with interest and penalty, totaling INR 23 crore from the Karnataka commercial taxes authority. The...
Zomato strengthens user experience by integrating Simpl’s 1-Tap Checkout across platforms
Simpl, India's leading Checkout Network, has strengthened its partnership with the food ordering and delivery platform, Zomato. The collaboration will integrate Simpl's 1-Tap Checkout...
Pure veg fleet decision based on survey data, surprised by uproar: Zomato CEO
Several days after Zomato announced its plans to introduce a 'pure veg fleet,' sparking controversy online, the foodtech giant's co-founder and CEO, Deepinder Goyal,...
ICICI Securities raises Zomato’s price target to INR 300, citing strong growth and profitability metrics
ICICI Securities, the brokerage firm, has maintained its 'BUY' recommendation for the foodtech giant Zomato and has adjusted its price target (PT) to INR...
Swiggy’s strong financial performance sets stage for IPO: FY24’s first 9 months show robust growth
Ten years since its inception, the foodtech and quick commerce giant Swiggy is gearing up for a public debut this year, diligently ensuring a...
Zomato launches dedicated services for vegetarian customers with exclusive ‘Pure Veg Fleet’ and ‘Pure Veg Mode’
Zomato, a major player in the foodtech sector, has rolled out a new initiative catering to customers with a 100% vegetarian dietary preference. This...
Zomato faces INR 8.6 Cr GST penalty notice from Gujarat State Tax Authority
Zomato, a major player in the foodtech industry, has received a penalty notice for goods and services tax (GST) from Gujarat’s Deputy Commissioner of...