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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....
Zomato CEO Deepinder Goyal allotted 33,422 shares in Mamaearth’s IPO
Deepinder Goyal, the Co-Founder and CEO of Zomato, has been allotted 33,422 shares in the public issue of Honasa Consumer, the parent company of...
Zomato grants 10.65 Cr ESOPs following two consecutive profitable quarters
Zomato, the foodtech giant, has recently allotted nearly 10.65 crore equity shares as part of its multiple employee stock option plans (ESOPs).According to an...
Blinkit records first positive contribution, anchoring Zomato’s quick commerce success
Blinkit, the quick commerce arm of the foodtech giant Zomato, marked a significant milestone during the quarter ending on September 30, 2023 (Q2 FY24)...
Zomato Gold Loyalty program sees remarkable success with 38 Lakh members in just three quarters
Zomato, the foodtech giant, reported that its customer loyalty program, Zomato Gold, has attracted 3.8 million members in just three quarters since its launch...