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Wednesday, October 23, 2024

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Zomato-owned Blinkit to launch ‘Cafe’ for quick snack deliveries

Food & Beverage
In a bid to expand beyond the grocery segment, Zomato-owned Blinkit is set to launch a cafe feature for delivering snacks and beverages. Rapid͏͏ Deliveries͏͏...

Zomato allocates INR 330 Cr in stock options to employees through ESOPs

Food & Beverage
Foodtech giant Zomato has granted approximately 12 million stock options through its employee stock option plans (ESOPs). In͏͏ an͏͏ official͏͏ filing͏͏ dated͏͏ October͏͏ 2,͏͏...

Zomato shares surge 4% as HSBC raises PT to INR 330

Food & Beverage
Zomato shares surged over 4% in early trading today after brokerage HSBC reaffirmed its 'buy' rating, citing the company's lead over Swiggy in growth...

Reliance Retail targets quick commerce market with JioMart, taking on Blinkit and Swiggy Instamart

E-Commerce
Reliance Retail is making moves to enter the rapidly growing quick commerce sector, intensifying competition against Zomato's Blinkit, Swiggy Instamart, and BigBasket. The͏͏ nation's͏͏...

Blinkit introduces new option for businesses to add GSTIN dring purchases

E-Commerce
Zomato-owned Blinkit has launched a new feature enabling businesses to add their goods and services tax identification number (GSTIN) when making purchases on the...

Blinkit’s growth is not affecting kirana stores: Zomato CEO Deepinder Goyal

Leadership
Deepinder Goyal, Zomato co-founder and chief executive stated that Blinkit's fast delivery doesn't threaten local kirana stores; instead, it rivals online shopping and ecommerce...

Zomato’s Deepinder Goyal excluded from Shark Tank India as rival Swiggy takes sponsorship

Industry
Deepinder Goyal, cofounder and CEO of Zomato, will not be participating in the next season of Shark Tank India, as Swiggy, a competing foodtech...

IPO-bound Swiggy receives shareholders’ approval to increase fresh issue size to INR 5,000 Cr

Food Tech
IPO-bound Swiggy has reportedly gained shareholder approval to increase the size of its fresh issue in its initial public offering to INR 5,000 Cr,...

Zomato expands ESOP pool, allocates 1.2 Cr stock options to employees

Food Tech
Foodtech giant Zomato has increased the size of its employee stock option plan (ESOP) by allocating nearly 1.2 crore stock options to eligible employees. In͏͏...

Arjun Kapoor backed Foodcloud.in plans major expansion: Aiming to onboard 50,000 home chefs and reach new cities

Startups
As the food delivery industry in India continues to boom, Arjun Kapoor backed Foodcloud.in, a platform connecting home chefs to consumers, has ambitious plans...

Zomato’s Co-Founder and CPO Akriti Chopra resigns

Food Tech
Foodtech giant Zomato's co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from the company. In͏͏ an͏͏ exchange͏͏ filing͏͏ with͏͏ the͏͏ BSE,͏͏ the͏͏ foodtech͏͏...

Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved

Food Tech
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...
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