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Zomato shares surge 5% as company issues clarification on temporary closure of multiple Blinkit stores
Zomato, the prominent online food delivery platform, issued a clarification on Wednesday regarding the closure of multiple Blinkit outlets. The temporary unavailability of the...
Zomato and RBL Bank to end co-branded credit card partnership, users to receive new cards
Foodtech giant Zomato and RBL Bank have announced the discontinuation of their partnership for co-branded Edition credit cards. Effective from May 15th, the Classic...
Blinkit’s dark stores in Delhi-NCR resume operations after delivery executives’ strike
Blinkit, the quick commerce platform owned by Zomato, reported that its dark stores in the Delhi-NCR region that were disrupted by a strike staged...
Zomato’s Blinkit to face Q1 FY24 revenue loss due to ongoing delivery executive strike: ICICI Securities
The strike of Blinkit's delivery executives in Delhi-NCR since mid-last week is likely to have already resulted in approximately 1% revenue loss to the...
MOFSL predicts 30% growth potential for Zomato: Here’s why the brokerage is optimistic about the stock
According to a report by Motilal Oswal Financial Services, the food delivery market in India is expected to grow at a compound annual rate...
IFAT urges Blinkit to reconsider pay cut for delivery workers following protests
IFAT (Indian Federation of App-Based Transport Workers) has urged Blinkit, the quick-commerce unicorn owned by Zomato, to reconsider its stance on recent reductions in...
Coca-Cola ventures into startup scene with purchase of minority stake in Thrive, competitor to Swiggy and Zomato
Coca-Cola, the beverage giant, is reportedly poised to make its first investment in an Indian startup. The company is said to be purchasing a...
Blinkit temporarily unavailable after delivery partners protest revised payment system
Zomato's grocery arm, Blinkit, has been rendered "temporarily unavailable" following the closure of 50 stores located in various areas of Delhi-NCR. This development occurred...
Cold chain provider Celcius Logistics bags INR 100 crore in funding round led by IvyCap Ventures
On Monday, Celcius Logistics, a provider of cold chain solutions, announced that it had raised INR 100 crore in a funding round led by...
Zomato’s growth projection for FY23-27 reduced to 21% by JM Financial, down from earlier prediction of 25%
Zomato, the popular food delivery firm, has been forecasted to achieve a compound annual growth rate (CAGR) of 21% during FY23-27, according to a...
Zomato’s food delivery gets a boost with Yulu’s eco-friendly e-scooters
Yulu, an Indian electric bike-sharing startup, has announced a partnership with Zomato, one of India's leading food delivery platforms. As part of this partnership,...
Reliance-backed Dunzo eyes $50 Million in new funding round
Dunzo is a rapidly growing hyperlocal delivery startup based in Bengaluru, India. The company has been seeking to raise capital for several months and...