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Ordering via food delivery aggregators costs INR 9,000-11,000 Cr annually: Report
Ordering food through delivery aggregators ͏a͏dd͏͏s͏ ͏͏an ͏est͏im͏a͏͏t͏e͏d͏ I͏N͏͏R 9͏͏͏͏,͏000-͏1͏1,0͏00͏͏ c͏r͏o͏re in͏ e͏xtr͏a͏ co͏͏͏st͏s ͏͏a͏n͏n͏u͏ally ͏͏o͏͏n͏ aver͏age͏͏, a͏ccor͏d͏͏͏ing ͏t͏͏o ͏͏a ne͏w re͏͏͏port o͏n t͏he...
Zomato faces fresh GST demand of INR 17.70 Crore from West Bengal authorities
Foodtech giant Zomato continues to struggle with tax issues, with West Bengal GST authorities now levying a fresh GST demand and penalty of over...
Swiggy likely to have lower public market valuation than Zomato: Elara Capital
Brokerage firm Elara Capital anticipates that Swiggy will have a lower valuation than its competitor Zomato when it goes public. This expectation arises from...
Zomato bans AI-generated images from restaurant menus to curb misleading ads
Foodtech giant Zomato has prohibited the use of AI-generated images on its restaurant partners' menus and marketing materials to curb misleading advertisements.Effective Monday (September...
Zomato to settle INR 9.85 Cr GST case with West Bengal authorities
Already dealing with numerous GST notices, foodtech giant Zomato has opted to resolve a case with West Bengal GST authorities by paying INR 9.85...
Zomato expands partnership with IRCTC, now delivers food to train passengers at 100+ stations
Foodtech giant Zomato has expanded its partnership with the Indian Railway Catering and Tourism Corporation (IRCTC), now providing food delivery to train passengers at...
Zomato shares reach all-time high of INR 285.95 amid broader market rally
Shares of foodtech giant Zomato hit a new all-time high of INR 285.95 on the BSE on Thursday (September 12), buoyed by a broader...
Zomato rolls out developer platform for PoS partners
Marking another move in its series of experiments and product launches, listed foodtech giant Zomato has introduced a developer platform for its point of...
IPO-bound Swiggy pilots large-order fleet in Delhi-NCR
IPO-bound Swiggy is testing a large-order fleet in the Delhi-NCR region, mirroring Zomato's approach. Sources reveal that the Bengaluru-based startup launched the pilot recently.E͏V...
Zomato shares surge 7.7% after JP Morgan raises target price to INR 340
Shares of foodtech giant Zomato jumped 7.7% on the BSE today, hitting an intraday peak of INR 261.50 after JP Morgan increased its target...
Blinkit best positioned to benefit from quick commerce growth; Zomato PT raised to INR 353: CLSA
Brokerage firm CLSA anticipates that the gross order value of major quick commerce players like Blinkit, Zepto, and Swiggy Instamart will reach $10 billion...
Zomato faces fresh GST demand notice of INR 3.5 Lakh
Already grappling with a slew of GST notices, foodtech giant Zomato has now received a tax demand and penalty order totalling nearly INR 3.5...