Coronavirus Lockdown: Zomato Has Started Delivering Groceries in 80 Major Indian Cities
4 years, 9 months ago

Coronavirus Lockdown: Zomato Has Started Delivering Groceries in 80 Major Indian Cities

News 18  

After initial hiccups, Zomato has started grocery delivery in over 80 Indian cities with supplying essentials and is set to launch takeaway service in Australia and Portugal to support restaurants, its CEO Deepinder Goyal said on Tuesday. He said that all proceeds from the Zomato Gold subscriptions in April would go towards supporting restaurant workers in need and the users will get an additional year of Gold free. "This has already been launched in India and the UAE, and will be live in other markets over the next few days," the Zomato CEO said in a statement. "We have already distributed more than 100,000 ration kits in more than 20 cities as of now," informed Goyal, adding the company plans to distribute 10 lakh ration kits as part of this initiative.

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History of this topic

Zomato upends tradition with Sensex entry
2 weeks, 4 days 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 …

How Zomato, Swiggy, Zepto are achieving disruptive 10-min food deliveries
2 weeks, 6 days ago

How Zomato, Swiggy, Zepto are achieving disruptive 10-min food deliveries

Hindustan Times  

Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms. Bolt accounts for 5% of Swiggy’s total food delivery orders within two months of its launch, Sidharth Bhakoo, chief business officer of food marketplace at Swiggy said in an email. “When …

After ₹20 lakh stir, Zomato CEO Deepinder Goyal has a ₹30 update
1 month, 1 week 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?
1 month, 1 week 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’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
1 month, 2 weeks 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
1 month, 3 weeks 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 …

Zomato to sell food at unbeaten price to cut cancelled-orders wastage
Trending News
1 month, 4 weeks ago

Zomato to sell food at unbeaten price to cut cancelled-orders wastage

India Today  

A cancelled order could be your next meal and that, too, at a discount. The food delivery app Zomato has launched 'Food Rescue', an initiative which helps in turning food that will be wasted due to its cancellation into a pocket-friendly meal. This initiative has been launched by Zomato to tackle the problem of food wastage, wherein around 4 lakh …

Zomato launches new feature to tackle food waste due to cancelled orders
Trending News
1 month, 4 weeks 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 …

Zomato launches 'food rescue' feature to offer cancelled orders at discounted prices
Top News
1 month, 4 weeks ago

Zomato launches 'food rescue' feature to offer cancelled orders at discounted prices

New Indian Express  

According to Goyal, the cancelled order will pop up on the app for customers within a 3 km radius of the delivery partner carrying the order. “Orders containing items sensitive to distances or temperature, such as ice creams, shakes, smoothies, and certain perishable items, will not be eligible for Food Rescue,” he said. Restaurant partners will receive compensation for the …

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
2 months ago

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show

Live Mint  

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. Exclusivity arrangements between Swiggy, Zomato and their respective restaurant partners "prevent the market from becoming more competitive," the CCI's investigation arm noted in its findings reviewed by Reuters on Friday. …

Zomato expands its train food delivery service across 100 stations
3 months, 3 weeks 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
4 months 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 stock price up 112% in 2024; should investors buy now?
5 months ago

Zomato stock price up 112% in 2024; should investors buy now?

Live Mint  

Global brokerage firm Nomura has increased its target price for Zomato to ₹280 from ₹225 while maintaining a ‘buy’ recommendation. Q1 Earnings Zomato’s consolidated net profit for Q1FY25 skyrocketed to ₹253 crore, up from ₹2 crore a year ago, driven by increased gross order value across its food delivery, quick commerce, and going-out verticals. Investment Rationale Food Delivery Growth: Nomura …

Zomato collected Rs 83 cr in platform fee from customers till March
5 months ago

Zomato collected Rs 83 cr in platform fee from customers till March

Deccan Chronicle  

New Delhi: Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed.Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24. "Adjusted …

Zomato collected ₹83 crore in platform fee from customers till March
5 months ago

Zomato collected ₹83 crore in platform fee from customers till March

The Hindu  

Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected ₹83 crore through the new levy till March, the company's annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27% year-on-year to ₹7,792 crore in FY24. "Adjusted Revenue as a percentage of …

Zomato Q1 results: Zomato net profit up 126 times to ₹253 crore in April-June quarter; revenue rises 74%
5 months, 1 week ago

Zomato Q1 results: Zomato net profit up 126 times to ₹253 crore in April-June quarter; revenue rises 74%

The Hindu  

Food delivery aggregator Zomato on Thursday reported a multifold jump in consolidated net profit to ₹253 crore for the April-June quarter of 2024-25 compared to ₹2 crore in the year-ago period. In a letter to shareholders, Zomato Chief Financial Officer Akshant Goyal shared that the gross order value growth across its B2C businesses accelerated to 53% YoY to ₹15,455 crore. …

Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore
5 months, 1 week ago

Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore

ABP News  

Zomato Q1 Result: Food delivery platform Zomato announced a beyond-expected rise in quarterly profit, driven by robust demand for its food and grocery delivery services. On Thursday, the company reported a consolidated net profit surged to Rs 253 crore for the April-June quarter of the fiscal year 2024-25, up from Rs 2 crore in the same period last year. The …

Swiggy, Zomato hike platform fees; online food delivery to cost more
5 months, 3 weeks ago

Swiggy, Zomato hike platform fees; online food delivery to cost more

The Hindu  

Food delivery apps Swiggy and Zomato have hiked platform fees, pushing charges up per order by 20% to Rs. The platform fee is a different charge from the delivery fee, goods and services tax, restaurant charges and handling charges that are levied. Last year, Zomato had pushed up the platform fee to Rs.3 finally helping it gain profitability. Then, earlier …

Soon, you may be able to get your Zomato delivery faster if you pay extra
8 months, 2 weeks ago

Soon, you may be able to get your Zomato delivery faster if you pay extra

Hindustan Times  

Zomato is trying out a new feature using which you can pay extra to get your food delivered faster. Even customers having Zomato Gold, who are offered extra discounts and offers, must pay this fee. It offers next-day meal delivery from a few locations but ran into issues when its pre-stocked goods delivery mechanism was altered and is also currently …

Zomato hikes platform fee for customers by 25%: How costly will your orders be?
8 months, 2 weeks ago

Zomato hikes platform fee for customers by 25%: How costly will your orders be?

Hindustan Times  

Zomato has increased its platform fee on customers by 25 per cent. Zomato platform fee: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed. In case, you opt for Zomato Gold loyalty programme, you don't need to pay the delivery charges although you will have to pay the platform fees. Zomato …

Zomato gets tax demand order of Rs 23.26 crore, online food delivery platform to appeal against it
9 months, 1 week ago

Zomato gets tax demand order of Rs 23.26 crore, online food delivery platform to appeal against it

India TV News  

Zomato on Sunday stated that it has been issued a tax demand, along with interest and penalty, amounting to Rs 23.26 crore by the Assistant Commissioner of Commercial Taxes in Karnataka. Zomato's regulatory filing In a regulatory filing to the BSE, the company said it has "received an order for FY 2018-19 pursuant to the audit of GST returns and …

Zomato surges over 5 per cent after posting third straight quarter of profit at Rs 138 crore
11 months ago

Zomato surges over 5 per cent after posting third straight quarter of profit at Rs 138 crore

India TV News  

Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023. Zomato Ltd's revenue surged by 69 per cent year-on-year to reach Rs 3,288 crore, contrasting with the challenges faced by the broader e-commerce sector …

RBI authorises Zomato Payments to operate as online payment aggregator: Five things you need to know
11 months, 2 weeks ago

RBI authorises Zomato Payments to operate as online payment aggregator: Five things you need to know

Live Mint  

Online food delivery firm Zomato says its subsidiary Zomato Payments has received authorisation from the RBI to operate as an online payment aggregator. Food delivery platform Zomato on Thursday said the Reserve Bank of India has granted a payment aggregator licence to its subsidiary Zomato Payments Private Limited. {{^adFree}} {{/adFree}} "Pursuant to our earlier disclosure dated August 4, 2021, regarding …

Zomato gets RBI approval to operate as online payment aggregator
11 months, 2 weeks ago

Zomato gets RBI approval to operate as online payment aggregator

Hindustan Times  

Online food delivery platform Zomato on Thursday announced that it has received authorisation by the Reserve Bank of India as an ‘Online Payment Aggregator’. “Pursuant to our earlier disclosure dated August 4, 2021 regarding the incorporation of Zomato Payments Private Limited, a wholly owned subsidiary of Zomato Limited to carry out the business, inter alia, as payment aggregator and issuer …

Zomato aims for EV deliveries, plastic-free orders
11 months, 3 weeks ago

Zomato aims for EV deliveries, plastic-free orders

Live Mint  

Zomato on Wednesday announced goals for 2030, to protect and ensure, "sustainable growth of the platform economy and all its stakeholders". The food aggregator's sustainability goals have been crafted around eight themes, such as ‘climate-conscious deliveries’, a ''waste-free world', ‘zero hunger’, ‘customer centricity’, ‘governance’, ‘inclusive growth’, ‘health, safety’, and ‘diversity and equity’. Anjalli Ravi Kumar, Chief Sustainability Officer, Zomato, said, …

Zomato soups in new controversy as it retracts from ₹1.6 cr salary job offer
1 year, 1 month ago

Zomato soups in new controversy as it retracts from ₹1.6 cr salary job offer

Live Mint  

Online food delivery platform Zomato is once again facing the ire of the netizens as on the student of Indian Institute of Technology Delhi took to social to say how the online firm has gone back on its words regarding the placement. Hrithik Talwar, who is a research intern in IIT-Delhi wote on X “Zomato came to the campus, offered …

Zomato Q2 Result: Net profit at ₹36 crore, revenue rises 72%, stock surges 7%
1 year, 2 months ago

Zomato Q2 Result: Net profit at ₹36 crore, revenue rises 72%, stock surges 7%

Hindustan Times  

Online food delivery platform Zomato on Friday reported a consolidated profit after tax of ₹36 crore for the second quarter ended September 2023, driven by strong revenue growth. Food delivery company Zomato as seen on its app The company had reported a loss of ₹251 crore for the corresponding quarter of the previous financial year. The company also announced that …

Zomato Q2 Results: Net profit at ₹36 crore, revenue up 72% to ₹2,848 crore
1 year, 2 months ago

Zomato Q2 Results: Net profit at ₹36 crore, revenue up 72% to ₹2,848 crore

Live Mint  

Zomato Q2 Results: Zomato announced its July-September quarter results for fiscal 2023-24 on Friday, November 3, reporting a net profit of ₹36 crore, against a net loss of ₹251 crore in the corresponding period last year. The online food delivery platform's revenue from operations in the second quarter of current fiscal came in at ₹2,848 crore, registering a growth of …

Zomato rolls out food trends platform for restaurant partners
1 year, 6 months ago

Zomato rolls out food trends platform for restaurant partners

Live Mint  

New Delhi: Food delivery platform Zomato on Friday announced the rollout of ‘Zomato Food Trends’ a data platform that will now be publicly available to restaurant partners. Zomato Food Trends, an open platform accessible to all free of charge, will provide insights by analyzing data from millions of transactions across hundreds of cities in India. The rollout comes after restaurants …

Why Zomato will not be affected by popularity of food delivery app ONDC?
1 year, 7 months ago

Why Zomato will not be affected by popularity of food delivery app ONDC?

Live Mint  

There is a lot of noise related to the recent entrant the Open Network for Digital Commerce application in the e-commerce industry. From price wars, and intensifying competitions to overtaking biggies like Zomato and Swiggy in the food delivery business, ONDC is seen as the new golden fish in the market. Although ONDC was founded on December 31, 2021, it …

Zomato launches UPI service in partnership with ICICI Bank for real-time payments. Here's how to use it
1 year, 7 months ago

Zomato launches UPI service in partnership with ICICI Bank for real-time payments. Here's how to use it

Live Mint  

Zomato, a well-known online food delivery platform, has recently rolled out its own UPI service. Zomato's UPI service has eliminated the requirement for redirection to other UPI apps like Google Pay, Paytm, or PhonePe when ordering food. Customers can now easily pay their food bills directly using their Zomato UPI account. Furthermore, this transition could potentially affect the operations of …

This is why HSBC feels Zomato could rise 64%; should you buy?
1 year, 9 months ago

This is why HSBC feels Zomato could rise 64%; should you buy?

Live Mint  

Shares of food delivery major Zomato rose nearly 1 per cent in Wednesday's trade after analysts at HSBC Global Research said they expect the stock to hit ₹87 going ahead, implying an upside potential of 64 per cent from the current levels. The brokerage said it values Zomato using a DCF model, employing a WACC of 10.5 per cent based …

Missing home-cooked food? ‘Zomato Everyday’ is here for you
1 year, 10 months ago

Missing home-cooked food? ‘Zomato Everyday’ is here for you

Hindustan Times  

For those staying away from home and missing home-cooked meals, Zomato has launched a service called ‘Zomato Everyday.’ With this, the food delivery company says it will deliver ‘fresh home-style meals crafted with real home-chefs at affordable prices.’ Representational Image On Wednesday, co-founder and CEO Deepinder Goyal took to Twitter to introduce Zomato Everyday. With menus designed by real home …

Zomato shares seen to rally over 95% as brokerage bullish on ‘long-term story’
1 year, 10 months ago

Zomato shares seen to rally over 95% as brokerage bullish on ‘long-term story’

Live Mint  

The relaunch of Zomato’s membership programme and its likely impact on the food delivery vertical’s profitability, going forward, continues to intrigue the Street, highlighted brokerage JM Financial. We also believe that the company has enough levers both on revenue as well as variable cost that should partially negate the impact of the free delivery benefit for Gold members,” the note …

Zomato exits 225 cities, reports losses of Rs 346 crore: All details here
1 year, 10 months ago

Zomato exits 225 cities, reports losses of Rs 346 crore: All details here

India Today  

Zomato, during its quarter three financial earnings report, noted that the food delivery tech company's losses have widened further. The company's decision to pull out of 225 small cities comes at a time when it is planning to hire people for around 800 roles. Zomato will no longer be available in 225 small cities The company, in its financial earnings …

Zomato is hiring, founder is looking for people who can work 24 hours with no work-life balance
1 year, 11 months ago

Zomato is hiring, founder is looking for people who can work 24 hours with no work-life balance

India Today  

After firing nearly 3 per cent of its workforce, online food delivery is hiring for various positions. Zomato founder Deepinder Goyal recently revealed in his LinkedIn post that the company is hiring for around 800 positions, but what caught attention was one of the job requirements. For one of the posts, the Zomato founder noted the candidate should forget work …

Zomato Gold relaunched in India: Price, benefits and other details you need to know
1 year, 11 months ago

Zomato Gold relaunched in India: Price, benefits and other details you need to know

India Today  

Online food delivery platform Zomato relaunches its Zomato Gold loyalty program, which replaces the company’s Pro Plus membership. To recall, Zomato launched its Pro Plus membership in 2021, before which the platform introduced Pro membership in 2020, which then replaced the original Zomato Gold programme. With the relaunch of Zomato Gold, the online food delivery platform, aims to take on …

Zomato reveals top trends of 2022; customer orders food worth ₹28 lakh
2 years ago

Zomato reveals top trends of 2022; customer orders food worth ₹28 lakh

Live Mint  

The year of 2022 is about to end. The food-delivery service’s annual report suggested that a customer from Delhi placed more than 3000 food orders in 2022 which were almost nine orders per day. Interestingly, the company has also revealed that a man from Pune ordered food worth ₹28 lakh. Zomato revealed that a loyal customer from Pune has spent …

Delhi man placed 3330 food orders through Zomato app in 2022, around 9 orders every single day
2 years ago

Delhi man placed 3330 food orders through Zomato app in 2022, around 9 orders every single day

India Today  

After Swiggy, Zomato has released its yearly report of 2022 on its app. Not only that, the list has also revealed the name of Zomato's top customer, who has apparently placed 3,330 food orders through the app this year. Ankur, a resident of Delhi, has reportedly placed 3,330 orders in 2022 using the food delivery app- Zomato. Statistics revealed that …

Zomato lays off under three per cent of its workforce: Report
2 years, 1 month ago

Zomato lays off under three per cent of its workforce: Report

Hindustan Times  

Food aggregator platform Zomato has confirmed that it will lay off around three per cent of its workforce across various departments in the organisation. A company spokesperson told Hindustan Times' business website Livemint that the company witnessed a regular performance-based churn of under three per cent of the workforce. On November 10, the food delivery platform had reported narrowing of …

Zomato rolls out phone number to report rash driving by its delivery partners
2 years, 2 months ago

Zomato rolls out phone number to report rash driving by its delivery partners

Live Mint  

Deepinder Goyal, founder of online food delivery platform Zomato said on Wednesday that Zomato has started rolling out delivery bags with "hotline phone number" to report rash driving by its delivery partners. In August at the company's annual general meeting, Deepinder Goyal had said that Zomato would put a phone number on the bags of its delivery partners for people …

Zomato, Swiggy among top 10 global food delivery companies: Report
2 years, 3 months ago

Zomato, Swiggy among top 10 global food delivery companies: Report

Hindustan Times  

Swiggy and Zomato, the Indian food delivery apps have been ranked among the world's biggest e-commerce food-delivery companies as per a report by Canada-based global research firm ETC Group. Swiggy and Zomato are among the top ten global food delivery companies. The ETC report however expressed concerns over the food delivery sector's ‘inhumane and possibly untenable labour practices’ through the …

Zomato hopeful of turning profitable within one year
2 years, 4 months ago

Zomato hopeful of turning profitable within one year

Live Mint  

Zomato is likely to turn profitable within a year, the company’s management said at its first annual general meeting post-listing on Tuesday. Akshant Goyal, chief financial officer, Zomato told shareholders: “At the company level we should break even in six months to a year…without Blinkit which will take a bit longer,” Moneycontrol report said quoting Goyal. With the $1.6 billion …

Zomato to focus on Hyperpure, expects it to be larger than food business
2 years, 4 months ago

Zomato to focus on Hyperpure, expects it to be larger than food business

Live Mint  

Online food delivery firm Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, Kaushik Dutta, chairman of the company's board of directors, told shareholders on Tuesday. Subsequently, he said Zomato would narrow its focus to three crucial areas – food ordering and delivery; Hyperpure and …

Zomato edges past Swiggy in India’s food delivery market, finds report
2 years, 4 months ago

Zomato edges past Swiggy in India’s food delivery market, finds report

Firstpost  

Zomato’s acquisition of Blinkit has helped it close the gap with Swiggy and race ahead of it in terms of market share Food delivery platform Zomato is edging ahead of its competitor Swiggy, as per a report by brokerage firm Bernstein India. However, that has started to change with Zomato expanding share to around 55 per cent in food delivery,” …

Zomato discontinues this premium membership scheme. Check full details
2 years, 4 months ago

Zomato discontinues this premium membership scheme. Check full details

Hindustan Times  

Food delivery app Zomato has discontinued its Pro and Pro Plus membership for the customers. When asked if the current subscribers of the plan would continue to enjoy the benefits of the membership, Zomato said, "Please be informed that one can continue enjoying the benefits of Pro membership as of now till the tenure ends." Zomato Pro members used to …

Zomato Pro membership discontinued, new sign-ups and renewals also cancelled
2 years, 4 months ago

Zomato Pro membership discontinued, new sign-ups and renewals also cancelled

India Today  

Online food delivery app Zomato has announced the discontinuation of its loyalty program dubbed Zomato Pro. To recollect, the company has already shut down its more premium loyalty program called Zomato Pro Plus some time ago. The company hasn’t officially confirmed the exact reason behind the discontinuation of the Zomato Pro membership but a report from the Indian Express suggests …

Zomato to move to multiple CEO structure under larger organisation Eternal
2 years, 5 months ago

Zomato to move to multiple CEO structure under larger organisation Eternal

Live Mint  

Online food delivery aggregator Zomato is moving to a multiple CEO structure for its businesses that will be housed under a larger organisation called Eternal. “We are transitioning from a company where I was the CEO to a place where we will have multiple CEOs running each of our businesses, all acting as peers to each other, and working as …

Zomato shares: Analysts warn of selloff risks as one-year lock-in ends soon
2 years, 5 months ago

Zomato shares: Analysts warn of selloff risks as one-year lock-in ends soon

Live Mint  

Zomato share price: The public offer of food service platform Zomato Limited was listed on BSE and NSE on 23rd July 2021 that means one year lock-in for promoters, employees, and other will end next week. With this one year lock-in of around 613 crore Zomato shares, which is to the tune of 78 per cent of total paid up …

Zomato to acquire grocery delivery platform Blinkit for ₹4,447 Cr
2 years, 6 months ago

Zomato to acquire grocery delivery platform Blinkit for ₹4,447 Cr

Hindustan Times  

Zomato, the popular online food delivery platform is going to acquire online grocery delivery firm Blinkit, news agency Bloomberg reported on Friday. > Blinkit - known for quick deliveries of groceries and essentials - is owned & managed by ‘Blink Commerce Private Limited’ which was formerly known as Grofers India Private Limited. Grofers essentially rebranded itself as ‘Blinkit’ as its …

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