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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...
Zomato halts Blinkit integration, prioritizes development of super brands
Zomato, a foodtech major, has reportedly decided to put a halt to the integration of its quick commerce arm Blinkit. The company aims to...
Zomato announces liquidation of Vietnamese and Polish subsidiaries as global restructuring continues
Following the dissolution of its various global subsidiaries in 2023, the restructuring effort continues for the food tech giant Zomato, even as we enter...
Invesco raises Swiggy’s valuation by 9% to $8.5 Billion, marks second consecutive increase
Invesco has increased the valuation of the food and grocery delivery platform Swiggy by approximately 9% to $8.5 billion in its records as of...
New Year festivities propel Zomato, Swiggy, and Blinkit to record-breaking delivery figures in India
Zomato, Swiggy, and Blinkit experienced a substantial surge in orders throughout the New Year festivities. Deepinder Goyal, the CEO of Zomato, announced on his...