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Zomato shares maintain momentum, gain 1% following SVF block deal
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
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
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
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...
Tiger Global exits Zomato, sells 12.24 Cr shares for INR 1,123 Cr in open market transaction
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
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
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
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
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
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
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
Reaffirming its resolute commitment to the welfare of delivery partners, Zomato Limited has now inaugurated a new rest point in Seawoods, Mumbai. This expansion,...