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IPO-bound Swiggy reports $207 Million loss in April-December 2023
IPO-bound foodtech giant Swiggy is reported to have recorded a loss of $207 million (INR 1,730 crore) in the first nine months of the...
Zomato strengthens user experience by integrating Simpl’s 1-Tap Checkout across platforms
Simpl, India's leading Checkout Network, has strengthened its partnership with the food ordering and delivery platform, Zomato. The collaboration will integrate Simpl's 1-Tap Checkout...
Pure veg fleet decision based on survey data, surprised by uproar: Zomato CEO
Several days after Zomato announced its plans to introduce a 'pure veg fleet,' sparking controversy online, the foodtech giant's co-founder and CEO, Deepinder Goyal,...
ICICI Securities raises Zomato’s price target to INR 300, citing strong growth and profitability metrics
ICICI Securities, the brokerage firm, has maintained its 'BUY' recommendation for the foodtech giant Zomato and has adjusted its price target (PT) to INR...
Swiggy’s strong financial performance sets stage for IPO: FY24’s first 9 months show robust growth
Ten years since its inception, the foodtech and quick commerce giant Swiggy is gearing up for a public debut this year, diligently ensuring a...
Zomato renames ‘Pure Veg’ mode to ‘Veg Only’ amid social media backlash
After facing online backlash citing concerns around community and caste-based discrimination, Zomato has renamed its ‘pure veg’ mode to ‘veg only’ and dropped the...
Swiggy denies any involvement in viral ad taking jibe at Zomato amidst delivery segregation controversy
Swiggy, a foodtech major, issued a clarification on Thursday after a purported advertisement taking a jibe at its rival Zomato went viral on social...
Zomato reverts to red uniforms for all riders amidst social media backlash over ‘Pure Veg Mode’
Following online backlash over the launch of its 'Pure Veg Mode' service, Zomato CEO Deepinder Goyal stated on Wednesday that the company has opted...
Zomato faces social media backlash over ‘Pure Veg Fleet’ launch; CEO open to rollback amid controversy
Foodtech giant Zomato announced on Tuesday the launch of its 'Pure Veg Fleet' to cater to customers with a '100% vegetarian dietary preference'. However,...
Zomato launches dedicated services for vegetarian customers with exclusive ‘Pure Veg Fleet’ and ‘Pure Veg Mode’
Zomato, a major player in the foodtech sector, has rolled out a new initiative catering to customers with a 100% vegetarian dietary preference. This...
Entrepreneurial drive should stem from passion, not profit: Zomato CEO Deepinder Goyal
Zomato CEO Deepinder Goyal on Monday advised entrepreneurs to be led by passion and drive while building the company of their dreams, and cautioned...
Zomato among Jefferies’ top picks for next five years, anticipates 2.5X share price increase by 2029
Zomato has secured a spot among Jefferies' "top picks" for the next five years, with the brokerage predicting a 2.5X increase in the foodtech...