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Zomato reports remarkable surge in profit, achieving second consecutive profitable quarter in FY24
Foodtech giant Zomato has unveiled its second consecutive profitable quarter today, experiencing a remarkable surge in profit after tax, reaching INR 36 Crore during...
Zomato Introduces Maternity Insurance for Female Delivery Partners
Zomato, the online food delivery platform, took a significant step on Wednesday by launching a comprehensive maternity insurance plan for its female delivery partners.The...
Zomato’s Per-Share Fair Value at INR 125: Kotak Institutional Equities!
Kotak Institutional Equities has increased the per-share fair value of Zomato, the food and grocery delivery platform, to INR 125, up from its previous...
Quick delivery platform Blinkit’s revenues soar even as losses escalate in FY23
Zomato-owned quick delivery platform Blinkit witnessed an 8.2 percent rise in losses, with figures climbing from INR 996.7 crore in FY22 to INR 1,078.9...
SoftBank to divest 1.1% Zomato stake for INR 1,023 Crore
SoftBank, the Japanese tech investor, has set its sights on divesting a 1.1% stake in the Indian foodtech giant Zomato. As reported by CNBC-TV18,...
Zomato stock reaches 52-week high after IRCTC partnership announcement
Foodtech giant Zomato's stock price reached a 52-week high of INR 115 on the morning of October 18, driven by its strategic partnership with...
Zomato partners with IRCTC to launch meal reservation for railway travelers
Zomato, a major player in the foodtech industry, has recently inked an agreement with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide...
Zomato denies involvement in viral video depicting model as delivery driver in Indore, CEO Deepinder Goyal clarifies position
Deepinder Goyal, the Founder and CEO of Zomato, has unequivocally refuted any connection to the viral video in which a female model depicted a...
Swiggy increases platform fee to INR 3 per order to boost profitability ahead of IPO in 2024
Foodtech giant Swiggy has hiked its platform fee from INR 2 to INR 3 per order.Back in April of this year, Swiggy implemented a...
Foodtech giant Zomato diversifies into logistics with new Xtreme app
In an effort to expand its business diversification, Zomato, a prominent player in the foodtech industry, has entered the logistics sector by introducing a...
Zomato and McDonald’s served with INR 1 Lakh penalty for incorrect food order
Zomato and McDonald's were collectively penalized with a fine of INR 1 lakh for erroneously delivering non-vegetarian items to a customer who had requested...
Zomato’s food carnival Zomaland to kick off on Nov 4th, promising an exciting fusion of food and entertainment across 8 cities
Foodtech giant Zomato's event branch, Zomato Live Entertainment, has revealed that the upcoming Zomaland festival, an exciting fusion of food and live entertainment, will...