Goldman Sachs
Aft͏er Prosus released Swiggy's operat͏ional p͏erformance for 2023͏, Goldman Sachs, in a r͏e͏search note on Tuesday,͏ stated that Zomato, Swiggy's ͏p͏rim͏ary competi͏tor͏, ͏no͏w ͏holds a 5͏6-57͏% market sh͏are in͏ the͏ ͏food delivery sector.͏Swiggy's Ope͏rational Performan͏ce in...
Just two years ago, the idea of quick commerce or instant deliveries was often dismissed with laughter. Some even argued that consumers had no need for products to arrive in 10-15 minutes.Today, quick commerce is rapidly...
Breaking News
Blinkit more valuable than Zomato’s food delivery business: Goldman Sachs
Hyper-local delivery company Blinkit is now valued higher than Zomato's core food delivery business, as per a recent report by Goldman Sachs. Goldman Sachs...
Purplle expands offline presence, unveils new store in Laxmi Nagar, Delhi
Purplle, the Mumbai-based online personal care and beauty platform, has opened a new store in Laxmi Nagar, Delhi, as revealed in a social media...
Yum Restaurants India exits Devyani International, sells entire stake for INR 871 Crore
Yum Restaurants India on Wednesday sold its entire 4.4% stake in Devyani International for INR 871 crore through an open market transaction.Devyani International, the...
Zomato allots 10.88 Crore equity shares for employee stock options ahead of Q3 FY24 earnings
Foodtech giant Zomato has allocated 10.88 crore equity shares under its multiple employee stock option plans (ESOPs) ahead of its Q3 FY24 earnings.Zomato announced...
The House of Biryan sets sights on rapid expansion with plans for 40 new locations in the next 18 months
The House of Biryan, a restaurant chain, has announced plans to open more than 40 new locations within the next 18 months. Having successfully...
Motilal Oswal Mutual Fund divests 4.5 Cr Zomato shares in INR 621 Cr block deal
Motilal Oswal Mutual Fund initiated an open market transaction on Monday, shedding 4.5 crore shares of the leading foodtech company Zomato.According to data from...
Zomato’s stock dips 3% following INR 622 Cr block deal transaction
Zomato's stock experienced a nearly 3% decline in early Monday trading, following a block deal involving approximately 4.5 crore shares of the food delivery...
Zomato’s bull run continues as Goldman Sachs and Jefferies raise price targets post HSBC’s lead
Following HSBC, Goldman Sachs and Jefferies have raised their price targets (PTs) for Zomato, a leading foodtech company, due to robust growth in its...
Shein confidentially files for US IPO, targets 2024 debut amid challenging conditions
China-founded fashion company Shein has confidentially filed for an initial public offering (IPO) in the United States, as disclosed by two sources familiar with...
Rebel Foods surpasses INR 1,000 Cr operating revenue milestone, reports 39% YoY growth in FY23
Mumbai-based cloud kitchen giant Rebel Foods saw its operating revenue cross the INR 1,000 Cr mark in the financial year ending on March 31,...
Zomato CEO Deepinder Goyal allotted 33,422 shares in Mamaearth’s IPO
Deepinder Goyal, the Co-Founder and CEO of Zomato, has been allotted 33,422 shares in the public issue of Honasa Consumer, the parent company of...
Instacart gets green light from major Wall Street brokerages despite initial share decline
Many major Wall Street brokerages, such as J.P. Morgan and Goldman Sachs, initiated coverage of Instacart with an optimistic perspective, showing confidence in the...