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Zomato CEO Deepinder Goyal gives up approx. $2 million salary: More than meets the eye?
Zomato founder and CEO Deepinder Goyal has voluntarily waived his base salary of INR 3.5 Cr per annum till March 31, 2026. Goyal hasn't...
Zomato launches INR 8,500 Cr QIP at floor price of INR 266 per share
Zomato, a leading foodtech company, has opened its INR 8,500 Cr qualified institutions placement (QIP) and set a floor price of INR 265.91 per...
Zomato registers 7.62% shares surge to INR 284 on BSE after Sensex inclusion
Zomato's shares surged as much as 7.62% to INR 284.30 apiece on the BSE today (November 25) after the company announced its inclusion in...
Zomato gets shareholders approval to secure INR 8,500 Cr via QIP
Food delivery platform Zomato's shareholders have approved the company's plan to raise INR 8,500 crore via a qualified institutional placement (QIP).Zomato receives nod from...
Zomato enters into BSE’s flagship index, joins ranks of Reliance, Infosys
The Bombay Stock Exchange (BSE) has announced that it will add Zomato, the foodtech major, to its flagship BSE Sensex index, replacing JSW Steel,...
Zomato CEO Deepinder Goyal clarifies controversy over INR 20 Lakh fee job
Zomato cofounder and CEO Deepinder Goyal issued a clarification regarding the company's job listing for a chief of staff position, which received criticism...
Zomato cracks down on fraudulent restaurants after user complaints
Zomato has delisted multiple "potentially fraudulent" restaurants from its platform after users flagged suspicious single-dish eateries. The foodtech major took swift action, investigating restaurants with...
Zomato leads in food delivery market with 58% share, Swiggy trails behind
Zomato continues to dominate the food delivery segment with a 58% market share in the June quarter of FY2024-25, according to a report by...
Zomato expects 30% annual growth in core delivery business over next five years
Food delivery platform Zomato foresees its core delivery business to grow at an annual rate of 30% over the next five years, driven by...
Zomato introduces ‘District’ App, enabling customers to book tables, tickets, and events
Food delivery platform, Zomato has rolled out its 'District' app on iOS and Android platforms, three months after announcing its launch. The app enables...
Morgan Stanley ups Zomato’s target price to INR 355, sees 31.7% upside potential
Global brokerage firm Morgan Stanley has increased its target price for Zomato to INR 355 from INR 278, citing the company's potential to benefit...
Zomato to raise INR 8,500 Cr via QIP in December
Food delivery giant Zomato is planning to launch a INR 8,500 crore qualified institutional placement (QIP) in December 2024, depending on market conditions.Morgan Stanley...