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Wednesday, October 23, 2024

zomato

Tiger Global exits Zomato, sells 12.24 Cr shares for INR 1,123 Cr in open market transaction

News
Investment firm Tiger Global made its exit from the foodtech giant Zomato on Monday, selling 12.24 crore shares through open market transactions. This sale...

Zomato shares surge by 6% in response to high trading activity and platform fees

News
Zomato's stock experienced a remarkable uptick of up to 6 percent in the initial trading hours on Monday. This surge was propelled by substantial...

ONDC disrupts food delivery landscape: 50,000 restaurants join platform, challenging Zomato and Swiggy dominance

News
Challenging the dominant position of Zomato and Swiggy in the online food delivery market, the Open Network for Digital Commerce (ONDC), a government-led initiative,...

Zomato faces 4% share drop as speculation grows on SoftBank’s stake sale

News
According to a report from CNBC-TV18, sources have indicated that Zomato's shares experienced a decline of approximately 4 percent on Friday. This drop was...

Zomato extends platform fee to wider user base, implements INR 3 charge in select cities

News
Zomato, the prominent player in the food technology sector, initially introduced a platform fee of INR 2 per order for specific users. This fee...

Zomato’s tech budget inches closer to $50 Million in FY24

News
Zomato, a digital-native company specializing in both food delivery and quick commerce, had a significant reason to celebrate. For the first time in its...

Zomato and Swiggy express sweet support for Chandrayaan-3 mission on social media

News
Zomato and Swiggy, the popular food delivery platforms, recently took to social media to show their support by expressing their endorsement for the upcoming...

Zomato expands its ‘Shelter Project’ with a new rest point in Mumbai

News
Reaffirming its resolute commitment to the welfare of delivery partners, Zomato Limited has now inaugurated a new rest point in Seawoods, Mumbai. This expansion,...

Zomato and Battery Smart team up to offer delivery partners easy access to battery swapping services

News
Zomato, the online platform for ordering and delivering food, announced a collaboration with Battery Smart on Monday. This partnership aims to offer Zomato's delivery...

Zomato investors on edge as volatility looms amidst talk of pre-IPO shareholder exits

News
According to a report from JM Financial Institutional Securities, Zomato's stock is expected to experience volatility in the short term due to market speculation...

Zomato charges customer INR 60 for food packaging in Ahmedabad; company responds to viral tweet

News
Time and again, we witness instances where customers stumble upon inequitable charges imposed by food delivery applications, prompting them to voice their grievances on...

Zomato shares surge 8% and cross INR 100 milestone after Q1 FY24 profitability; stock reaches fresh 52-week high at INR 102.8

News
In Monday's BSE trading session, Zomato, the food delivery platform, experienced a notable surge, with its shares rallying 8% and surpassing the INR 100...
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