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Swiggy’s revenue from food delivery, Instamart reaches INR 7,800 Cr in FY24
IPO-bound Swiggy Ltd. saw a 35% increase in revenue from its top two businesses—food delivery and the quick-commerce unit Instamart—in FY24, along with a...
Zomato shares plummet 5% as Macquarie predicts 47% decline ahead
Foodtech giant Zomato's shares took a hit of around 5% during intraday trading on Friday (May 31), falling to as low as INR 172.5...
Zomato mulls revival of lending business, enters talks with NBFCs for merchant lending
Zomato, a major player in the foodtech industry, has reportedly initiated discussions with various non-banking financial institutions to offer working capital loans to its...
Jewellery retailer Bluestone on track to become unicorn in pre-IPO funding round
Bluestone, an omnichannel jewellery retailer, is in talks to raise around $100 million in a pre-IPO round, likely valuing the company at more than...
House of Biryan set to spice up Delhi and Pune with 35 new outlets by 2025, eyes INR 100 Cr revenue boost
House of Biryan, renowned for its signature customizable biryani offerings, plans to inaugurate 35 new outlets in diverse locales across Delhi and Pune, elevating...
Rapid growth of Zomato and Swiggy to dent QSR sales: BNP Paribas Report
The swift growth and increasing popularity of foodtech giants Zomato and Swiggy are expected to negatively impact sales in the quick-service restaurant (QSR) sector,...
Zomato and Swiggy prioritize order frequency to drive growth amid slow user acquisition
A slowdown in user addition over the last few quarters has led online food-delivery platforms Zomato and Swiggy to prioritize increasing the frequency of...
Prosus’ new CEO eyes collaboration opportunities between Swiggy and Delivery Hero
Prosus' soon-to-be CEO, Fabricio Bloisi, sees potential for collaboration and synergy between portfolio companies Swiggy and Germany's Delivery Hero.Prosus holds the largest stake in...
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...