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Wednesday, October 23, 2024

zomato

Zomato’s stock surges 1.7% as investors show increasing faith in the company’s growth

News
Zomato's stock witnessed a 1.7 percent surge in trading activity on the NSE on September 18. This noteworthy uptick can be primarily attributed to...

Zomato commences liquidation process for Slovakian subsidiary; no impact on revenue expected

News
Zomato, the food delivery company, has officially commenced the liquidation process for its Slovakian subsidiary, as disclosed in a stock exchange filing on September...

Bernstein bullish on Zomato, predicts 21.7% gain with new INR 120 price target

News
After Zomato reported its first profitable quarter in Q1 FY24, brokerage firm Bernstein has indicated that the foodtech leader is setting higher standards for...

Food delivery platforms gear up for G20 Summit: Assures seamless service amid increased demand

News
On Thursday, online food and grocery delivery platforms reassured the public that they are well-prepared to maintain uninterrupted services, even amidst the anticipated surge...

Zomato’s platform fee hike expected to bolster customer take rate and contribution margin: Kotak Institutional Equities

News
A month after introducing a platform fee of INR 2, which was later raised to INR 3 for certain users, Zomato, the foodtech giant,...

Zomato to liquidate Czech subsidiary Lunchtime as part of global downsizing strategy

News
Zomato, the prominent foodtech company, has announced its intention to dissolve its subsidiary, Lunchtime, which operates in the Czech Republic, as stated in an...

Zomato introduces AI-powered assistant for tailored food recommendations and enhanced user experience

News
Zomato has joined the growing trend of startups embracing artificial intelligence (AI) with the introduction of Zomato AI, aimed at enhancing convenience and personalization...

Food delivery platforms set for massive user growth by 2030, CLSA predicts

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Estimates from CLSA suggest that the number of monthly active users on food delivery platforms like Zomato and Swiggy is poised to increase by...

Zomato shares maintain momentum, gain 1% following SVF block deal

News
Shares of the foodtech giant Zomato extended their 5% rally from the prior day as the morning trade on Thursday (August 31) saw a...

After INR 100 Crore profit, SoftBank eyes full exit from Zomato

News
Japanese investor SoftBank is preparing to divest its entire holdings in the foodtech giant Zomato over the upcoming months, utilizing open market transactions. This...

Zomato’s stock surges 5% amidst block deal frenzy, reaches INR 99.50 on BSE

News
Zomato saw its stock price surge by over 5% during early trading on Wednesday, driven by a block deal linked to the foodtech giant....

SoftBank to divest 1.17% stake in Zomato, expects minimum of INR 940 Crores in transaction

News
SoftBank, a prominent technology investor from Japan, is preparing to divest a 1.17% ownership share in the Indian foodtech leader Zomato, with the transaction...
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