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IPO-bound Swiggy refutes speculations of doubling platform fee, emphasizes consumer-centric approach
Contrary to speculation suggesting that Swiggy might increase its platform fee for food orders from INR 5 to INR 10 in the upcoming months...
Sovereign investors from Kuwait and Singapore drive Zomato’s stock rally with increased stakes
While Tiger Global, Ant Financial, and SoftBank have divested their holdings in Zomato, large sovereign investors from regions like Kuwait and Singapore have increased...
Zomato aims for 100% electric delivery fleet by 2033, unveils comprehensive sustainability goals
Zomato, a major player in the food tech industry, aims to transition all its deliveries to electric vehicles (EVs) by 2033. This ambitious move...
Swiggy may file IPO by fiscal year end, plans to raise capital with combination of offer-for-sale and new issue; Prosus contemplates stake reduction
Swiggy, the Bengaluru-based food delivery giant, is planning to file its initial public offering by the end of this fiscal year.The company plans to...
Preparations in full swing as Swiggy nears mega IPO launch later this year
Online food delivery platform Swiggy's Co-Founder and CEO Sriharsha Majety has said that all preparations are underway for its mega Initial Public Offering (IPO),...
Motilal Oswal Mutual Fund divests 4.5 Cr Zomato shares in INR 621 Cr block deal
Motilal Oswal Mutual Fund initiated an open market transaction on Monday, shedding 4.5 crore shares of the leading foodtech company Zomato.According to data from...
Domino’s Pizza in Delhi-NCR joins ONDC to boost profit margins
A number of Domino's Pizza outlets in the Delhi-NCR region have now joined the Open Network for Digital Commerce (ONDC). This strategic move is...
Zomato’s stock dips 3% following INR 622 Cr block deal transaction
Zomato's stock experienced a nearly 3% decline in early Monday trading, following a block deal involving approximately 4.5 crore shares of the food delivery...
Zomato’s bull run continues as Goldman Sachs and Jefferies raise price targets post HSBC’s lead
Following HSBC, Goldman Sachs and Jefferies have raised their price targets (PTs) for Zomato, a leading foodtech company, due to robust growth in its...
Zomato stocks surge 2.5% to 52-week high at INR 138 following HSBC’s bullish outlook and platform fee hike
Zomato, a leading player in the food delivery sector, saw its stock rise by up to 2.5% to reach a 52-week peak of INR...
Zomato rolls out ‘daily payouts’ feature, offering enhanced cash flow for emerging restaurants
Zomato, the online food delivery platform, launched a new feature on Wednesday called "daily payouts" to offer support to its emerging restaurant partners.Currently, the...
The Food & Beverage Landscape in India: Dawn of Organized Players and The New Consumer
Think of any restaurant that just opened a few months ago in a fancy shopping complex. Imagine a scenario in which you walked inside...