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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...
Zomato’s Q4 net profit surges 27% quarter-over-quarter to INR 175 Cr
Zomato, a major player in the foodtech industry saw its consolidated profit after tax (PAT) surge by 26.8% to INR 175 Cr in the...
Zomato’s shares hit 52-week high at INR 207.30 ahead of Q4 results
Foodtech giant Zomato's shares surged nearly 3% during intraday trading on Monday (May 13), touching a fresh 52-week high at INR 207.30 on the...
Zomato’s subsidiary auditor resigns, Deloitte to step in
Zomato, the foodtech giant, has stated that the auditors for its subsidiaries Zomato Hyperpure and Blink Commerce have resigned with immediate effect, allowing the...
Restaurants and food aggregators hit all-time highs on Mother’s Day
Restaurant owners across all formats, be it fine dining, casual dining, or food aggregator platforms, reported an unprecedented surge in diners on Mother's Day,...
Pluckk hits INR 100 Crore ARR milestone in FY24, set to triple growth in FY25
Through Pluckk, the Essar group has ventured into the food and beverage segment, rapidly establishing itself as a significant player in the category over...
Quick-commerce platforms race to deliver gold and silver coins in 10 minutes on Akshaya Tritiya
As Akshaya Tritiya festivities sweep across the nation, quick commerce platforms are seizing the opportunity to offer gold and silver coins to users within...
Zomato rolls out personalized Photo Cakes service ahead of Mother’s Day, promising delivery in just 30 minutes
Foodtech giant Zomato's Founder, Deepinder Goyal, unveiled the launch of a new feature on the food delivery platform—Photo Cakes. This special service allows consumers...
Fast-food chains pin hopes on gradual demand recovery amid soft market conditions
The fast-food industry faced significant underperformance in the previous fiscal year. Following a strong performance in fiscal 2022 and the first half of fiscal...
IPO-bound Swiggy resumes homestyle meal delivery service ‘Swiggy Daily’, integrates into main app
Foodtech giant Swiggy has reintroduced its homestyle meal delivery service, Swiggy Daily, after a four-year hiatus from its offerings. Originally launched in 2019, the...
Uber steps up hyperlocal deliveries in India to capture growing quick-commerce market share
As the demand for quick commerce grows in India, ride-hailing platform Uber is intensifying its hyperlocal deliveries from neighborhood stores, according to sources familiar...