Wednesday, October 23, 2024

zomato

Google joins Walmart-led funding round to back Flipkart’s expansion plans

Walmart-backed Flipkart has secured Google as a minority investor for its latest funding round, led by the US-based retail giant. Flipkart has highlighted that...

Blinkit expands offerings with new sports and fitness essentials category, featuring top brands

Diversifying its offerings, Blinkit, Zomato's quick commerce platform, has introduced a fresh category featuring sports and fitness essentials. This includes premium brands like Adidas,...

Axis Capital initiates coverage on Zomato with ‘buy’ rating, sets price target of INR 254

Axis Capital, a brokerage firm, has initiated coverage of foodtech giant Zomato with a 'buy' rating, noting that the company provides a "compelling investment...

Zomato continues experimenting new initiatives, rolls out new feature to help users make healthier food choices

After expanding its priority delivery services to Delhi, Hyderabad, and Pune, Zomato, the foodtech giant, has now rolled out a new feature to aid...

Blinkit responds to viral post, starts offering free dhaniya with vegetable orders

For many Indians, the vegetable shopping experience isn't quite the same without the delightful addition of complimentary coriander leaves (dhaniya patta). However, this customary...

After successful trial run, Zomato expands priority food delivery service to Delhi, Hyderabad, and Pune

Several weeks following the trial run of its priority food delivery service in select areas of Mumbai and Bengaluru, Zomato, the foodtech giant, has...

Zomato shares dip 6% despite Q4 FY24 profit surge

Despite recording increased profits quarter-on-quarter for Q4 FY24, Zomato shares declined by 6% to INR 182.10 on Tuesday (May 14th).By 12:20 PM, Zomato's trading...

Bernstein raises Zomato’s price target to INR 230, upholds ‘OUTPERFORM’ rating following strong Q4 results

After reviewing Zomato's Q4 results, brokerage firm Bernstein upheld its "OUTPERFORM" rating for the foodtech company's stock and increased its price target (PT) from...

Zomato to expand ‘Everyday’ home-cooked meal service to Bengaluru and Mumbai following successful launch in Gurugram

After successfully launching its home-cooked meal service 'Zomato Everyday' in Gurugram, foodtech major Zomato is now planning to expand and scale the service in...

Zomato seeks shareholder approval for 18.26 Cr employee stock options plan

Zomato, a leading player in the foodtech sector, has sought approval from its shareholders for the formulation, adoption, and implementation of a new employee...

Zomato’s subsidiary ZPPL to surrender RBI license as online payment aggregator

Foodtech giant Zomato's subsidiary, Zomato Payment Private Limited (ZPPL), has opted to voluntarily surrender the certificate of authorization granted by the Reserve Bank of...

Blinkit’s Q4 FY24 revenue hits INR 769 Crore; loss narrows to INR 37 Crore

Blinkit, Zomato’s quick commerce vertical, achieved positive adjusted EBITDA in March 2024 as it continued to scale up the average order value and volume...

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