Zomato working on two new initiatives in bid to increase revenue and profitability
8 years, 4 months ago

Zomato working on two new initiatives in bid to increase revenue and profitability

Live Mint  

New Delhi: Zomato Media Pvt. Ltd is working on two new initiatives—Zomato Red and Zomato Infrastructure Services—to boost revenue and profitability as part of its plan to turn around the company. Zomato, which generated net revenue of $4 million in October, is expected to reach annual sales of $50-60 million by March 2017, largely on the back of strong online delivery business and table reservation segment, co-founder and chief executive Deepinder Goyal said in an interview. Under Zomato Infrastructure Services, the company will create kitchen spaces in areas where there isn’t adequate supply of good restaurants and will allow restaurants and iconic brands to prepare and deliver food exclusively for Zomato through these kitchens. Zomato will also roll out a membership feature called Zomato Red allowing consumers to buy a yearly/semi-annual subscription to get exclusive offers like happy hours for drinks at various pubs and restaurants.

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History of this topic

Zomato shares surge over 4% as rally continues for 2nd day. What next?
Trending News
2 days, 19 hours ago

Zomato shares surge over 4% as rally continues for 2nd day. What next?

India Today  

Shares of food delivery giant Zomato rose sharply on Wednesday after rising over 7% in the previous trading session. It may be noted that Zomato shares are rising despite the possibility that it could face an old insolvency plea. In the previous session, Zomato shares gained over 7% at the closing bell despite the possibility of facing an old insolvency …

Zomato stock price zooms 6% today despite reports of insolvency plea
3 days, 19 hours ago

Zomato stock price zooms 6% today despite reports of insolvency plea

India Today  

Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company Law Tribunal. It has come to light that Nona Lifestyle Private Limited has moved the law tribunal to restore an insolvency plea that it had filed earlier against Zomato under …

Zomato Receives Nod From Shareholders To Switch To Eternal Ltd
1 week, 4 days ago

Zomato Receives Nod From Shareholders To Switch To Eternal Ltd

ABP News  

Zomato Ltd has received the final nod from shareholders to officially change the corporate name to Eternal Ltd. Informing the decision via an exchange filing, the food-tech giant said that the change will apply only to the corporate entity and no changes will be made in the Zomato brand name or app. The company assured its customers that the famous …

Zomato best-performing startup, Paytm worst
1 month ago

Zomato best-performing startup, Paytm worst

Deccan Chronicle  

Chennai: While several startups are preparing for IPOs, Zomato has emerged as the best-performing startup, delivering a remarkable return of 187.93, while Paytm has plunged 65.69 per cent from the issue price. Zomato has emerged as the best-performing startup in the public markets, delivering a remarkable 187.93 per cent from its issue price of Rs 76. Other notable gainers include …

Zomato CEO Deepinder Goyal Unveils First AI-Powered Product, To Help Businesses Scale Support Effortlessly
1 month ago

Zomato CEO Deepinder Goyal Unveils First AI-Powered Product, To Help Businesses Scale Support Effortlessly

ABP News  

Zomato has been on the frontlines when it comes to the adoption of technology and artificial intelligence into its business to enhance the overall user experience and increase the efficiency of operations. Deepinder Goyal while announcing this wrote, "Nugget helps businesses scale support effortlessly – highly customizable, low-cost, no developer team needed. Nugget helps businesses scale support effortlessly—highly customizable, low-cost, …

Zomato Nugget launch: AI customer support platform for businesses to automate operations
1 month ago

Zomato Nugget launch: AI customer support platform for businesses to automate operations

The Hindu  

Zomato has announced an AI-powered customer support platform called Nugget to help businesses automate their operations. The AI customer support platform is able to resolve up to 80% queries autonomously, can learn and adapt in real-time and doesn’t require users to know coding as it’s a no-code platform. Goyal claimed that Nugget is already handling more than 15 million interactions …

Zomato launches Nugget, the no-code, AI-powered customer support platform
1 month ago

Zomato launches Nugget, the no-code, AI-powered customer support platform

India Today  

Zomato on Monday introduced Nugget, an AI-powered, no-code customer support platform that promises to make handling customer queries efficient. In a post on X, Zomato CEO Deepinder Goyal made the announcement, saying, "Introducing Nugget—an AI-native, no-code customer support platform." Goyal listed three key features of Nugget in his post: Resolves up to 80 per cent of queries autonomously Learns and …

Explained: Why Zomato share price plunged over 5% today
1 month, 1 week ago

Explained: Why Zomato share price plunged over 5% today

India Today  

Shares of food delivery giant Zomato fell over 5% in early trade on Tuesday, continuing its poor run. Shares of the company have been under pressure ever since global brokerage firm Jefferies raised concerns over rising competition in the quick commerce space. While 2024 was a breakout year for Zomato’s stock in terms of valuation growth, Jefferies analysts indicated that …

What Zomato by any other name means for its business and investors
Trending News
1 month, 1 week ago

What Zomato by any other name means for its business and investors

Live Mint  

Bengaluru: Zomato Ltd’s decision to carve out a distinct identity for its parent entity will allow it greater freedom in exploring its ambitions without putting all its eggs in one basket, while providing investors more granular insights into the company, say industry experts. Zomato’s rebranding aligns with the food-delivery giant’s growing focus on its quick-commerce brand Blinkit, restaurant supplies business …

From food delivery to immortality: Zomato’s bold name change to Eternal has the internet in stitches
1 month, 2 weeks ago

From food delivery to immortality: Zomato’s bold name change to Eternal has the internet in stitches

Hindustan Times  

Zomato, the popular food and grocery delivery platform, surprised netizens on Thursday by announcing its official name change to Eternal Ltd, over two years after the shift began internally. The name change has sparked a wave of reactions across social media, with many netizens sharing humorous takes on the new identity. Are they promising immortality with every order, or just …

Zomato’s rebrand to ‘Eternal’ sparks buzz; netizens say ‘Zomato was an emotion, this sounds ewww’
1 month, 2 weeks ago

Zomato’s rebrand to ‘Eternal’ sparks buzz; netizens say ‘Zomato was an emotion, this sounds ewww’

Live Mint  

Zomato CEO Deepinder Goyal's decision to rename the company “Eternal” has left social media users sad and disappointed, prompting them to take refuge in memes to cope with the “ewww” news. On Thursday, Deepinder Goyal posted on X to announce the change in the name of the food and grocery delivery major Zomato to “Eternal”, more than two years after …

Zomato to be renamed ’Eternal’; platform unveils new logo, aims for lasting legacy beyond food delivery
1 month, 2 weeks ago

Zomato to be renamed ’Eternal’; platform unveils new logo, aims for lasting legacy beyond food delivery

Live Mint  

New Delhi, February 6 : Zomato Ltd on Thursday announced that its board has apporved the change of name of the company to Eternal Ltd., marking a significant transformation in its corporate identity. The decision, approved by the company's Board, reflects Zomato's evolution beyond food delivery, with businesses like Blinkit, District, and Hyperpure now playing a crucial role in its …

Zomato To Become 'Eternal'? Here's Why The Move Only Matters To Traders
1 month, 2 weeks ago

Zomato To Become 'Eternal'? Here's Why The Move Only Matters To Traders

ABP News  

Zomato, the Deepinder Goyal-led food and instant delivery company, is set to undergo a significant transformation by rebranding itself as "Eternal." We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. We would like to rename Zomato Ltd., the company, to Eternal Ltd," Goyal noted in …

Zomato Stocks Plunge Nearly 10 Per Cent, See Why The Food Delivery Firm's Share Price Is Falling
2 months ago

Zomato Stocks Plunge Nearly 10 Per Cent, See Why The Food Delivery Firm's Share Price Is Falling

ABP News  

The shares of online food delivery and quick commerce major, Zomato, took a major beating in the stock market on Tuesday. The company’s shares declined close to 10 per cent in the morning market hours following disappointing results declared for the third quarter on Monday. At 10:30 AM, the firm’s shares traded at Rs 216.90 apiece on the BSE and …

Undeterred by 57% profit decline, Zomato to accelerate Blinkit expansion
2 months ago

Undeterred by 57% profit decline, Zomato to accelerate Blinkit expansion

Live Mint  

Zomato Ltd will continue to floor the accelerator on its Blinkit expansion, burning cash to reach 2,000 dark stores a year ahead of target even as the quick-commerce business plunged its third-quarter profit. The higher capex is also the key reason behind the quarterly increase in depreciation,” said Albinder Dhindsa, chief executive of Blinkit, adding that the quick-commerce business will …

Zomato Q3 Results: Net Profit Declines 57% To Rs 59 Crore
2 months ago

Zomato Q3 Results: Net Profit Declines 57% To Rs 59 Crore

ABP News  

Food delivery platform Zomato reported a 57 per cent decline in consolidated net profit, which stood at Rs 59 crore for the third quarter of FY25, compared to Rs 138 crore during the same period last year. The company's revenue surged 64.9 per cent year-on-year, reaching Rs 5,405 crore in the October-December quarter, up from Rs 3,288 crore in Q3FY24. …

Zomato Q3 Results: Net profit drops 57% to ₹59 crore, revenue up 64.4%; GOV for B2C biz rises 57% YoY
2 months ago

Zomato Q3 Results: Net profit drops 57% to ₹59 crore, revenue up 64.4%; GOV for B2C biz rises 57% YoY

Live Mint  

Zomato Q3 Results: Zomato announced its October-December quarter results for fiscal 2024-25 on Monday, January 20, reporting a drop of 57.3 per cent in net profit to ₹59 crore, compared to ₹138 crore in the corresponding period last year. The leading food delivery app major's net profit plunged due to margins, which continues to face pressure from the high spending …

Zomato shares decline 7% as Q3 profit tumbles over 57%
2 months ago

Zomato shares decline 7% as Q3 profit tumbles over 57%

India Today  

Shares of Zomato fell as much as 7% on Monday after the company reported a 57.24% decline in year-on-year consolidated net profit in the third quarter of FY25. However, on a quarter-on-quarter basis, the adjusted EBITDA fell 14% due to accelerated investments towards new store openings and customer acquisition in the quick commerce business. Zomato CEO Deepinder Goyal said, "The …

Zomato stock down 21% from 52-week high amid market pessimism: Should you buy, sell, or hold to build sizable positions?
2 months ago

Zomato stock down 21% from 52-week high amid market pessimism: Should you buy, sell, or hold to build sizable positions?

Live Mint  

Zomato stock check: The stock price of leading food delivery app Zomato is currently trading 21 per cent below its 52-week high mark of ₹304.50 amid the current pessimism in the Indian stock market over persistent foreign capital outflows and stretched valuations. Zomato's stock faces investor concerns about accelerated investments in Blinkit’s supply chain and rising competitive pressures in quick …

Swiggy, Zomato launch 15-minute delivery service
2 months, 1 week ago

Swiggy, Zomato launch 15-minute delivery service

New Indian Express  

BENGALURU: The quick food delivery space continues to heat up as major players like Zomato and Swiggy have rolled out new services. Swiggy’s new service Snacc has been introduced in Bengaluru and it promises to deliver food in 15 minutes including breakfast, snacks and meals. Though Swiggy has Bolt, which provides restaurant food delivery in 10 minutes, this app will …

Zomato’s losing steam and the Blinkit drag
Trending News
2 months, 1 week ago

Zomato’s losing steam and the Blinkit drag

Live Mint  

Zomato has been a poster child of startup success. For perspective, Zomato’s food-delivery business turned profitable as early as the second quarter of FY23, but owing to the drag by Blinkit, Zomato as a whole turned profitable only in FY24. Food delivery: From strength to strength Even as Blinkit grows as a share of Zomato’s business, food-delivery has remained the …

Zomato share price tumbles 3% today as poor market run continues. What's next?
Trending News
2 months, 1 week ago

Zomato share price tumbles 3% today as poor market run continues. What's next?

India Today  

Shares of food delivery giant Zomato extended their decline for the fourth consecutive session, falling over 3% in early trade on Wednesday. The ongoing slide in Zomato’s stock was triggered by a downgrade from foreign brokerage Jefferies, which changed its rating from “buy” to “hold.” The brokerage also slashed its target price by 18% to Rs 275, down from Rs …

Is Zomato's dream stock market run over?
2 months, 2 weeks ago

Is Zomato's dream stock market run over?

India Today  

Shares of Zomato fell over 5% in early trade on Tuesday, extending its weak market run after a period of strong gains. The brokerage also reduced its target price for the food delivery giant by 18% to Rs 275, down from Rs 335, reflecting concerns over intensified competition in the quick commerce segment. Jefferies cited heightened competition from Swiggy’s Instamart, …

Zomato first startup in Sensex 30
2 months, 3 weeks ago

Zomato first startup in Sensex 30

Deccan Chronicle  

Chennai: Food tech giant Zomato has made history as the first Indian startup to join the Bombay Stock Exchange Sensex 30, replacing JSW Steel in the benchmark index of India’s top 30 companies. Zomato’s total market capitalization of Rs 2.7 lakh crore surpassed JSW Steel's Rs 2.24 lakh crore. However, on Monday, following its inclusion in the Sensex 30, Zomato's …

Zomato shares to be in focus today. Here's why
Trending News
2 months, 3 weeks ago

Zomato shares to be in focus today. Here's why

India Today  

Zomato shares are set to be in the spotlight today as the food delivery giant achieves a huge milestone, becoming the first new-age tech company to join the BSE Sensex’s 30-share index. Brokerage firm Nuvama has estimated inflows of $513 million into Zomato due to its inclusion in the Sensex, while JSW Steel may see outflows of $252 million. Brokerage …

Zomato upends tradition with Sensex entry
2 months, 3 weeks ago

Zomato upends tradition with Sensex entry

Live Mint  

Zomato will make history on Monday as the first new-age tech stock to be included in the prestigious BSE Sensex, replacing JSW Steel in a half-yearly rebalancing of constituents. While the rejig is routine, the food delivery giant's inclusion in the club of India's most influential companies underscores the growing prominence of the digital sector. While Sensex companies drive India's …

Zomato slapped with ₹803 crore tax demand by GST authorities
3 months, 1 week ago

Zomato slapped with ₹803 crore tax demand by GST authorities

Live Mint  

Online food delivery platform Zomato, in a regulatory filing on Thursday said that it has received a tax demand of ₹803.4 crore, including interest and penalty from the GST department in Thane. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, the company said adding that it will file …

Zomato’s Blinkit launches Bistro app: How does it compare with Zepto Cafe? All we know about ’new growth frontier’
3 months, 1 week ago

Zomato’s Blinkit launches Bistro app: How does it compare with Zepto Cafe? All we know about ’new growth frontier’

Live Mint  

Zomato's Blinkit launches Bistro app: Food aggregator and delivery platform Zomato's grocery arm Blinkit has lauched its new food delivery app called Bistro. Available on Google Play Store and with plans for roll-out on Apple's iOS soon, the new app challenegs the lucrative quick food delivery space just as Zepto announced the separate launch of Zepto Cafe app. Next Growth …

Zomato CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened
3 months, 2 weeks ago

Zomato CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened

Live Mint  

Online food delivery platform Zomato's Chief Executive Officer Deepinder Goyal responded on Friday, December 6, to an individual on the social media platform X asking for an auditor's report on the company's “offsets” to understand the impact of the plastic recycling project. “You will note that IREC and offset purchases equal Zomato's entire carbon footprint for its food delivery business …

Zomato shares climb over 6% to record high, end 18 of last 21 months in green with 500% gain
3 months, 2 weeks ago

Zomato shares climb over 6% to record high, end 18 of last 21 months in green with 500% gain

Live Mint  

Stock Market Today: Shares of Zomato, the food delivery aggregator, achieved a new milestone in Thursday's trade on December 5, crossing the ₹300 mark for the first time in intraday trade to touch a fresh record high of ₹304.65, gaining 6.4 per cent and surpassing its previous all-time high of ₹298.25, which was recorded in September. Global brokerage firm CLSA …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
3 months, 2 weeks ago

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?

India Today  

Shares of online food delivery giants Swiggy and Zomato extended their rally on Thursday, driven by strong buying interest among investors. The rally follows Swiggy’s robust Q2 results, which showcased strong revenue growth and promising developments in its quick commerce and food delivery segments. However, Swiggy faced challenges in market share as its gross order value growth in food delivery …

After ₹20 lakh stir, Zomato CEO Deepinder Goyal has a ₹30 update
3 months, 3 weeks ago

After ₹20 lakh stir, Zomato CEO Deepinder Goyal has a ₹30 update

Live Mint  

Days after Zomato Managing Director and CEO Deepinder Goyal posted a job vacancy for Chief of Staff with an unusual requirement, online food delivery platform has launched a special Black Friday deal for its premium membership, Zomato Gold. Unlike the recruitment offer for the Chief of Staff, customers do not have to pay ₹20 lakhs to get a Zomato Gold …

Zomato shares up 131% this year: Should you buy multibagger stock?
3 months, 3 weeks ago

Zomato shares up 131% this year: Should you buy multibagger stock?

India Today  

Food delivery giant Zomato’s shares surged over 131% on a year-to-date basis, delivering multibagger returns to investors. Zomato plans to invest Rs 2,100 crore in Blinkit’s capex over FY2026-28, including the development of dark stores and warehousing capabilities. The brokerage noted that Zomato’s food delivery business continues to grow, with a 24% year-on-year increase in power customers to 34 lakh …

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26
3 months, 3 weeks ago

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26

India Today  

Deepinder Goyal, the CEO of food delivery platform Zomato, has decided to forgo his annual salary of Rs 3.5 crore until the end of the financial year 2026. He owns a 4.18% stake in Zomato, which is currently valued at over Rs 10,000 crore, based on the company’s closing share price on November 25. ZOMATO’S MARKET PERFORMANCE Zomato has achieved …

Zomato Shares Surge 6 Per Cent. Here's Why
Trending News
3 months, 3 weeks ago

Zomato Shares Surge 6 Per Cent. Here's Why

ABP News  

Shares of Zomato soared as much as 6 per cent in early trade on Monday, fueled by two major developments, its inclusion in the benchmark BSE Sensex and shareholder approval for a Rs 8,500 crore Qualified Institutional Placement. The inclusion highlights Zomato's impressive market performance, with the stock rallying over 113 per cent this year. The company's cash reserves saw …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
4 months ago

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Live Mint  

Swiggy, a direct competitor to Zomato and one of India's leading food delivery aggregators made its highly anticipated stock market debut on November 13. Interestingly, just weeks before Swiggy's IPO, Zomato CEO Deepinder Goyal had some advice for Swiggy's employees, reflecting on his company's own experience of going public in 2021, the Times of India reported. Speaking at the ET …

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report
4 months ago

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report

India TV News  

Zomato, an Indian food delivery major reportedly expects its key meal delivery business to grow at an annual rate of 30 per cent over the next 5 years, a top executive stated, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector. It was on Monday when Rakesh Ranjan, Zomato's food delivery CEO said, "The food delivery …

District By Zomato Is Now Available To Download. Here's Why This Is Deepinder Goyal's Most Different App Yet
4 months ago

District By Zomato Is Now Available To Download. Here's Why This Is Deepinder Goyal's Most Different App Yet

ABP News  

Zomato has launched its newest platform, the District app, marking its entry into a new domain of services focused on entertainment and dining reservations. Unlike its existing ventures under co-founder and CEO Deepinder Goyal, the food delivery app Zomato and quick-commerce platform Blinkit, District aims to cater to users looking for seamless experiences in booking movie tickets, attending live events, …

Zomato launches NEW ‘District’ app: Book movies, dining, events seamlessly on iOS, Android
4 months ago

Zomato launches NEW ‘District’ app: Book movies, dining, events seamlessly on iOS, Android

Live Mint  

Food-delivery platform Zomato introduced its ‘District’ application for iOS and Android users. After tapping into food delivery services through Zomato and the quick commerce vertical, Blinkit, the company has started out its third segment of going out services through the District app. Zomato CEO Deepinder Goyal, in the Q1FY25 shareholders letter, said, “Today, Zomato and Blinkit are our two large …

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut
4 months, 1 week ago

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut

Deccan Chronicle  

Hyderabad: Food delivery giant Zomato on Wednesday shared a post welcoming its rival Swiggy as it made its stock market debut. Couldn't have asked for a better company to serve India with," he wrote on X. Swiggy got listed at Rs 420 on the NSE, a 7.69 per cent jump from the issue price. According to a report by PTI, …

Zomato CEO Deepinder Goyal offers job to X user after impressive feedback on 'food rescue' feature
Trending News
4 months, 1 week ago

Zomato CEO Deepinder Goyal offers job to X user after impressive feedback on 'food rescue' feature

India TV News  

Deepinder Goyal, the CEO of Zomato, caught the attention of many after reaching out to one of the talented social media users who made constructive criticism about the company’s recently introduced “Food Rescue” feature. This feature lets users get food wastage and instead, allows them to buy food that would otherwise go to waste in cancelled orders sold at a …

NSE inks pact with Zomato to increase financial literacy among delivery partners
4 months, 1 week ago

NSE inks pact with Zomato to increase financial literacy among delivery partners

New Indian Express  

NEW DELHI: The National Stock Exchange of India on Tuesday said it has inked a pact with online food delivery platform Zomato to promote financial literacy and investor awareness programmes among the gig economy workers. According to a statement by NSE, this partnership aims to launch an extensive financial literacy and investor awareness drive, specifically designed for Zomato's delivery partners, …

Deepinder Goyal asks Bengaluru man to apply for job after reading his suggestions for Zomato
4 months, 1 week ago

Deepinder Goyal asks Bengaluru man to apply for job after reading his suggestions for Zomato

Hindustan Times  

Zomato recently announced a new feature that will allow users to buy cancelled food orders at a discounted price. A Bengaluru man’s suggestions to fine-tune the feature impressed Zomato CEO Deepinder Goyal so much that he asked the man to apply for a job. Zomato CEO’s post In his X post, Zomato CEO Deepinder Goyal said that “more than 4 …

Zomato launches new feature to tackle food waste due to cancelled orders
Trending News
4 months, 1 week ago

Zomato launches new feature to tackle food waste due to cancelled orders

Hindustan Times  

Food delivery firm Zomato on Sunday launched a new “food rescue” feature to tackle with food waste arising out of cancelled orders. Now, customers living near restaurants will be able to purchase cancelled food orders at “unbeatable prices”, announced the company's CEO Deepinder Goyal. The CEO said that customers cancel more than 4 lakh “perfectly good orders” on a daily …

Swiggy vs Zomato: Should you apply for Swiggy IPO or buy rival Zomato shares? Analysts weigh in
4 months, 2 weeks ago

Swiggy vs Zomato: Should you apply for Swiggy IPO or buy rival Zomato shares? Analysts weigh in

Live Mint  

The highly-anticipated initial public offering of online food and grocery delivery giant Swiggy is set to hit Dalal Street on November 6, aiming to raise approximately ₹11,327.43 crore from the primary market. Investors now wonder whether they should apply for the Swiggy IPO or buy Zomato shares, which have shown a decent performance. Echoing similar views, Anshul Jain, Head of …

Zomato's Stock Recovers After Volatility, but Analysts Remain Cautious
4 months, 3 weeks ago

Zomato's Stock Recovers After Volatility, but Analysts Remain Cautious

India Today  

Zomato's stock experiences volatility in early trade, with a decline of nearly 5% due to profit booking. However, the company's Q2FY25 results are strong, with a 389% surge in profits and a 68% increase in revenue. The stock price eventually rose to Rs 260.15 on the BSE by 10:22 am, after hitting a day low of Rs 242.45. Several brokerages …

Zomato Q2 Results Preview: Strong Revenue and Profit Outlook
Trending News
5 months ago

Zomato Q2 Results Preview: Strong Revenue and Profit Outlook

Live Mint  

Zomato is expected to announce significant revenue and net profit growth for the September quarter of FY 2024-25, driven by the expansion of its food delivery operations. Analysts predict a 63 per cent YoY revenue growth, with a significant contribution from the Hyperpure and Blinkit divisions. The company is also expected to report an 18.2 per cent YoY growth in …

Zomato expands its train food delivery service across 100 stations
6 months, 1 week ago

Zomato expands its train food delivery service across 100 stations

The Hindu  

Zomato has expanded its train food delivery service to 100 railway stations across 88 cities in the country. Working in association with the Indian Railway Catering and Tourism Corporation, the online food delivery platform claims to have served 10 lakh orders in trains till date. Under the ‘Zomato - Food Delivery in Train’, it delivers vegetarian and non-vegetarian items. We …

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details
6 months, 2 weeks ago

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details

News 18  

Shares of food delivery platform Zomato surged 8 per cent to Rs 261.50 on the BSE in Thursday’s intra-day trade amid heavy volumes in an otherwise lacklustre market. For Blinkit, the company’s quick commerce arm, revenues surged 145 per cent year-on-year to Rs 942 crore, though adjusted EBITDA for the same period stood at Rs -3 crore. The gross order …

Zomato Shares Surge 8 Per Cent After JP Morgan's Target Price Hike To Rs 340
6 months, 2 weeks ago

Zomato Shares Surge 8 Per Cent After JP Morgan's Target Price Hike To Rs 340

ABP News  

Zomato share price: Zomato's stock surged by 7.7 per cent in early trading on Thursday, reaching Rs 261.60 per share, following a significant target price upgrade by global brokerage JP Morgan. The firm raised its target for Zomato from Rs 208 to Rs 340 per share, reflecting growing confidence in the company's prospects. This is the second-highest target price for …

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