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Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
Zomato’s ZPPL gets green light from RBI to operate as online payment aggregator
Zomato, a major player in the foodtech sector, has received approval from the Reserve Bank of India (RBI) to operate as an online payment...
Cloud kitchen sector in India faces uphill battle with continued inflation and funding constraints, threatening revenue growth
Continued inflation and a decrease in funding for startups might pose challenges for the cloud kitchen segment in India, making it difficult to maintain...
IPO-bound Swiggy refutes speculations of doubling platform fee, emphasizes consumer-centric approach
Contrary to speculation suggesting that Swiggy might increase its platform fee for food orders from INR 5 to INR 10 in the upcoming months...
Sovereign investors from Kuwait and Singapore drive Zomato’s stock rally with increased stakes
While Tiger Global, Ant Financial, and SoftBank have divested their holdings in Zomato, large sovereign investors from regions like Kuwait and Singapore have increased...
Zomato aims for 100% electric delivery fleet by 2033, unveils comprehensive sustainability goals
Zomato, a major player in the food tech industry, aims to transition all its deliveries to electric vehicles (EVs) by 2033. This ambitious move...
Swiggy may file IPO by fiscal year end, plans to raise capital with combination of offer-for-sale and new issue; Prosus contemplates stake reduction
Swiggy, the Bengaluru-based food delivery giant, is planning to file its initial public offering by the end of this fiscal year.The company plans to...
Preparations in full swing as Swiggy nears mega IPO launch later this year
Online food delivery platform Swiggy's Co-Founder and CEO Sriharsha Majety has said that all preparations are underway for its mega Initial Public Offering (IPO),...
Motilal Oswal Mutual Fund divests 4.5 Cr Zomato shares in INR 621 Cr block deal
Motilal Oswal Mutual Fund initiated an open market transaction on Monday, shedding 4.5 crore shares of the leading foodtech company Zomato.According to data from...
Domino’s Pizza in Delhi-NCR joins ONDC to boost profit margins
A number of Domino's Pizza outlets in the Delhi-NCR region have now joined the Open Network for Digital Commerce (ONDC). This strategic move is...
Zomato’s stock dips 3% following INR 622 Cr block deal transaction
Zomato's stock experienced a nearly 3% decline in early Monday trading, following a block deal involving approximately 4.5 crore shares of the food delivery...
Zomato’s bull run continues as Goldman Sachs and Jefferies raise price targets post HSBC’s lead
Following HSBC, Goldman Sachs and Jefferies have raised their price targets (PTs) for Zomato, a leading foodtech company, due to robust growth in its...