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Alipay to sell its entire 3.44% stake in Zomato in a block deal worth $400 Million
Chinese payments group Alipay is reportedly planning to divest its entire 3.44% stake in the foodtech major Zomato through block deals, with an approximate...
Online grocery market in India takes a hit as consumer preferences shift to local markets
The online grocery market in India, propelled by quick-commerce platforms and experiencing a surge since the COVID-induced lockdown in 2020, is now showing signs...
Zomato and Swiggy to engage with tax authorities over INR 1,000 Crore GST notices on delivery fees
Zomato and Swiggy intend to engage with goods and services tax authorities to clarify their stance following the issuance of notices demanding taxation on...
Zomato stocks take a hit as tax notices over non-payment of GST rattle investors
Zomato’s shares opened flat on Thursday, as reports emerged about tax notices being served to food delivery aggregators Zomato and Swiggy over non-payment.As of...
Zomato and Swiggy grapple with INR 1,000 Cr GST notices as tax authorities include delivery charges in revenue assessment
Zomato and Swiggy, the prominent players in the food delivery industry, are facing fresh tax challenges. According to reports, both companies have been served...
SoftBank to reduce stake in Swiggy as food delivery platform gears up for $1 Billion IPO
Swiggy, the leading food delivery platform, is gearing up for its stock market debut around mid-2024. Touted as the most substantial initial public offering...
Mamaearth’s stock hits all-time high as shares soar with a 13% intraday surge on BSE
On Monday, Honasa Consumer Ltd, the holding company of the D2C unicorn Mamaearth, set a new all-time high with its shares reaching INR 374.95....
Swiggy, Blinkit, and Zepto hit highest daily sales amid cricket World Cup furor
While Australia emerged victorious against India, securing its sixth cricket World Cup, quick-commerce companies in the nation rejoiced. From flowers to soft drinks and...
Swiggy’s Instamart anticipates record users for Cricket World Cup Final
Swiggy is anticipating a "record number" of users for its quick commerce services during the highly anticipated Cricket World Cup final featuring India this...
Zomato’s eco-friendly fleet expands: BLive deploys 30 Ather EVs in Ahmedabad
Expanding their fruitful collaboration with Zomato, BLive, a prominent multi-brand EV platform, has introduced 30 Ather EVs for Zomato deliveries in Ahmedabad. This move...
Zomato’s Gold loyalty program continues to drive sales, but analysts suggest adjustments for profitability
While Zomato's loyalty program Gold, which underwent a relaunch in January this year, continues to boost the company's sales, analysts and experts suggest that...
Zomato achieves new 52-week high at INR 123.9 following strong Q2 performance
Zomato's stocks surged by as much as 6.4% during intraday trading on the BSE on Monday, hitting a new 52-week high of INR 123.9....
