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Zomato reports third consecutive profitable quarter with INR 138 Cr PAT in Q3 FY24
Zomato, a major player in the foodtech sector, announced on Thursday its third successive quarter of profitability. For the December quarter (Q3) of the...
Zomato allots 10.88 Crore equity shares for employee stock options ahead of Q3 FY24 earnings
Foodtech giant Zomato has allocated 10.88 crore equity shares under its multiple employee stock option plans (ESOPs) ahead of its Q3 FY24 earnings.Zomato announced...
Tata Neu joins online food delivery race through ONDC integration, posing competition to Zomato and Swiggy
Tata Group is set to make its foray into online food ordering through its super app Tata Neu, utilizing the Open Network for Digital...
Zomato launches ‘Plastic-Free Orders Packathon’ in partnership with Startup India to drive innovation in sustainable food packaging
Food delivery platform Zomato has launched the 'Plastic-Free Orders Packathon' in collaboration with Startup India to foster innovation in sustainable packaging for food delivery...
Cash-strapped Dunzo promises to settle outstanding payments to former employees by March-end
Google-backed delivery startup, Dunzo, plans to settle outstanding payments to former employees by 30 March. This decision comes after a challenging year marked by...
Flipkart revives same-day delivery service across 20 cities, taking on Amazon’s Prime model
The same-day ecommerce delivery service, pioneered by Amazon through its Prime subscription model in 2017, has recently witnessed a revival. Joining the fray on...
Swiggy reports robust 40% revenue growth to INR 8,264 Cr in FY23, despite net loss crossing INR 4,000 Crore mark
Swiggy, the Bengaluru-based food delivery giant, saw its net loss cross the INR 4,000 Crore threshold for the financial year ending on March 31,...
Quick-commerce unicorn Zepto considers reverse flip to India, targets IPO in 2026
In a strategic move, Nexus-backed Zepto is actively considering a reverse flip to India. According to sources close to the company, Zepto aims to...
Zomato revamps gold loyalty program, discontinues ‘on-time guarantee’ benefits for new memberships
Food delivery platform Zomato has modified its loyalty program, Gold, by discontinuing the 'on-time guarantee' benefits for memberships purchased or renewed from November 25,...
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...