Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26
3 weeks, 6 days 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 a market capitalisation of Rs 2,45,243 crore as of November 26. First, Zomato became the first new-age technology company to be included in the 30-stock Sensex, India’s benchmark stock market index.

Company Crore Goyal Zomato Salary Till  decision  ceo  rs  zomato  goyal  companys  stock  forgoes  market  deepinder  fy26  salary  till  company  crore

History of this topic

Zomato shares to be in focus today. Here's why
18 hours, 22 minutes 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 slapped with ₹803 crore tax demand by GST authorities
1 week, 3 days 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 CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened
2 weeks, 2 days 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 …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
2 weeks, 4 days 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 weeks, 2 days 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 Share Price Today on 27-11-2024: Zomato share price are up by 2.45%, Nifty up by 0.02%
3 weeks, 5 days ago

Zomato Share Price Today on 27-11-2024: Zomato share price are up by 2.45%, Nifty up by 0.02%

Live Mint  

Zomato Share Price Today on 27-11-2024: At 27 Nov 11:29 today, Zomato shares are trading at price ₹287, 2.45% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Zomato shares up 131% this year: Should you buy multibagger stock?
3 weeks, 5 days 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 Waives Off His Rs 3.5 Crore Salary For 2 More Years
3 weeks, 6 days ago

Zomato CEO Deepinder Goyal Waives Off His Rs 3.5 Crore Salary For 2 More Years

ABP News  

Zomato CEO Deepinder Goyal extended the voluntary waiver of his annual remuneration of Rs 3.5 crore till the end of the 2025-26 financial year. “Vide letters dated March 24, 2021 and April 1, 2024, addressed to our board, Deepinder Goyal has voluntarily waived his salary for a period starting from April 1, 2021 till March 31, 2026,” the document stated. …

Deepinder Goyal's Zomato opens ₹8,500 crore QIP share sale, floor price at ₹265.91 per share
3 weeks, 6 days ago

Deepinder Goyal's Zomato opens ₹8,500 crore QIP share sale, floor price at ₹265.91 per share

Hindustan Times  

Food delivery giant Zomato Ltd has approved a Qualified Institutional Placement, with a floor price of ₹265.91 per share, according to an exchange filing on Monday, November 26, 2024. The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, …

Zomato Share Price Today on 26-11-2024: Zomato share price are up by 0.8%, Nifty up by 0%
3 weeks, 6 days ago

Zomato Share Price Today on 26-11-2024: Zomato share price are up by 0.8%, Nifty up by 0%

Live Mint  

Zomato Share Price Today on 26-11-2024: At 26 Nov 11:13 today, Zomato shares are trading at price ₹275.8, 0.8% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Zomato Share Price Today on 25-11-2024: Zomato share price are up by 6.7%, Nifty up by 1.81%
4 weeks ago

Zomato Share Price Today on 25-11-2024: Zomato share price are up by 6.7%, Nifty up by 1.81%

Live Mint  

Zomato Share Price Today on 25-11-2024: At 25 Nov 11:17 today, Zomato shares are trading at price ₹281.85, 6.7% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Zomato Shares Surge 6 Per Cent. Here's Why
Trending News
4 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, RVNL, Zee, HDFC, HCL, Cochin Shipyard: Stocks to watch today
4 weeks ago

Zomato, RVNL, Zee, HDFC, HCL, Cochin Shipyard: Stocks to watch today

India Today  

Results for the assembly elections in Maharashtra, the financial capital of India, were announced on Saturday, and the win is expected to influence market sentiment positively when trading resumes on Monday. STOCKS TO WATCH TODAY As markets reopen, several stocks are likely to be in focus due to specific developments and announcements: Indian Bank The Financial Services Institutions Bureau has …

Zomato Share Price Today on 22-11-2024: Zomato share price are down by -0.99%, Nifty up by 1.21%
1 month ago

Zomato Share Price Today on 22-11-2024: Zomato share price are down by -0.99%, Nifty up by 1.21%

Live Mint  

Zomato Share Price Today on 22-11-2024: At 22 Nov 12:43 today, Zomato shares are trading at price ₹264.1, -0.99% down from the previous closing price. On the technical front, the stock is trading above the 10,20,100,300 days SMA & lower than the 5,50 day SMA. The stock will have support at 10,20,100,300 days SMA & face resistance at 5,50 days …

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?
1 month ago

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?

Live Mint  

The Indian food delivery market has become a fierce battleground, with Swiggy and Zomato not only competing for your dinner orders but also commanding attention in boardrooms and on trading floors. Zomato’s recent analyst reports echo this optimism, indicating that while the market remains consolidated, both players have significant room to grow as more Indians adopt food delivery services. View …

Ex-Zomato head of engineering shares experience of working with CEO Deepinder Goyal
1 month ago

Ex-Zomato head of engineering shares experience of working with CEO Deepinder Goyal

Hindustan Times  

Zomato CEO Deepinder Goyal has generated controversy by posting a job vacancy for chief of staff at the food delivery platform. Zomato CEO Deepinder Goyal is seeking a chief of staff Hundreds of social media users slammed the CEO – who is the second-richest resident of Gurgaon and among India’s wealthiest startup founders – for exploiting candidates with this donation …

Zomato CEO says candidates will not have to pay Rs 20 lakh fee for Chief of Staff role: Story in 10 points
1 month ago

Zomato CEO says candidates will not have to pay Rs 20 lakh fee for Chief of Staff role: Story in 10 points

India Today  

Zomato CEO Deepinder Goyal has announced that the much-discussed requirement of paying Rs 20 lakh for the Chief of Staff position is no longer part of the plan. Zomato CEO says candidates will not have to pay Rs 20 lakh fee: Story in 10 points -Goyal revealed that the Chief of Staff role has received over 18,000 applications and highlighted …

What ex-Zomato employee said about Deepinder Goyal's 'pay Rs 20 lakh fee' job offer
1 month ago

What ex-Zomato employee said about Deepinder Goyal's 'pay Rs 20 lakh fee' job offer

India Today  

A former Zomato employee has come to CEO Deepinder Goyal's defense following intense backlash over a bizarre job posting for the Chief of Staff role in the company on November 20. The role drew criticism for its unusual terms: no salary for the first year and a Rs 20 lakh fee required from candidates. Goyal later clarified that Zomato would …

Zomato receives ‘over 10,000 applications’: Deepinder Goyal gives update for ’no salary’ job offer
Top News
1 month ago

Zomato receives ‘over 10,000 applications’: Deepinder Goyal gives update for ’no salary’ job offer

Live Mint  

Zomato CEO Deepinder Goyal, who is also the co-founder of the food aggregator, recently shared an update about the number of job applications received for the role of chief of staff in less than 24 hours. On Wednesday, Deepinder Goyal shared the job description that said the chief of staff would have to pay Zomato ₹20 lakh in the form …

10K applications received for 'Rs 20 Lakh fee' job at Zomato
1 month ago

10K applications received for 'Rs 20 Lakh fee' job at Zomato

Deccan Chronicle  

Zomato CEO and co-founder Deepinder Goyal stirred a debate upon announcing a highly unconventional job opening for the role of Chief of Staff. The job has an unusual twist -- instead of a salary, the selected candidate must pay a Rs 20 lakh “fee," which will be donated to the charity Feeding India, a cause supported by Zomato. Goenka argued …

Want to be chief of staff at India’s Zomato? CEO says forget salary, pay $23,700 fee
1 month ago

Want to be chief of staff at India’s Zomato? CEO says forget salary, pay $23,700 fee

Live Mint  

By Aditya Kalra NEW DELHI, Nov 21 - The CEO of Indian food delivery giant Zomato has stoked a public debate by advertising a chief of staff job with an unusual twist: there will be no salary initially and the position instead comes with a 2 million rupee "fee". Zomato CEO Deepinder Goyal sought "down to earth" candidates in social …

Deepinder Goyal trolled for asking job candidate to pay ₹20 lakh for Zomato role
1 month ago

Deepinder Goyal trolled for asking job candidate to pay ₹20 lakh for Zomato role

Hindustan Times  

Zomato CEO Deepinder Goyal has copped massive backlash after advertising for a chief of staff vacancy where the successful candidate will not be paid a salary for the first year, but will instead have to donate ₹20 lakh for the privilege of working for him. You will have to, in fact, pay ₹20 lacs for this opportunity.” Zomato CEO Deepinder …

Zomato CEO says he will reject most applicants who will pay Rs 20 lakh for job offer
1 month ago

Zomato CEO says he will reject most applicants who will pay Rs 20 lakh for job offer

India Today  

After facing severe backlash over the Chief of Staff job role that he offered on November 20, Zomato CEO Deepinder Goyal said that most of the applicants who are willing to pay Rs 20 lakh for it would be rejected. However, Goyal clarified in an update that this “wasn't just another hiring post” but a “filter” that would be used …

Zomato CEO Deepinder Goyal looking for Chief of Staff: Will have to pay ₹20 lakh ‘fee’, no salary for first year
Top News
1 month ago

Zomato CEO Deepinder Goyal looking for Chief of Staff: Will have to pay ₹20 lakh ‘fee’, no salary for first year

Live Mint  

Zomato Ltd's founder and chief executive officer Deepinder Goyal, on Wednesday, November 20, said that he is looking for a “Chief of Staff” at Zomato in a social media post on LinkedIn. The chief of staff candidate will have to pay an opportunity “fee” of ₹20 lakh to the food delivery giant and will receive no pay for the first …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
1 month 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 CEO Deepinder Goyal trolled for 'no salary, pay Rs 20 lakh fee' job offer
1 month ago

Zomato CEO Deepinder Goyal trolled for 'no salary, pay Rs 20 lakh fee' job offer

India Today  

Zomato CEO Deepinder Goyal was trolled after he announced a job opening for the Chief of Staff position on social media. The role, based at Zomato's headquarters in Gurugram, prompted social media users to react due to its unusual conditions -- no salary for the first year and a hefty Rs 20 lakh fee required from the candidate. While the …

Zomato CEO hiring Chief of Staff, says first year no salary and employee will have to pay Rs 20 lakh
Top News
1 month ago

Zomato CEO hiring Chief of Staff, says first year no salary and employee will have to pay Rs 20 lakh

India Today  

Zomato CEO Deepinder Goyal has announced a job opening for a Chief of Staff position. The role comes with a striking condition: no salary in the first year, and a requirement for the selected candidate to pay Rs 20 lakh as a fee. The Rs 20 lakh fee, which candidates would need to donate directly to Feeding India - a …

Zomato share price: Experts see 45% upside in this Multibagger stock. Should you buy?
1 month ago

Zomato share price: Experts see 45% upside in this Multibagger stock. Should you buy?

Live Mint  

Zomato share price: With 118% returns year to date and more than 130% in last one year Zomato Stock has given Multibagger returns to investors. Strong Q2 Results Zomato has seen strong Q2 performance, Zomato Ltd's Q2FY25 net profit increased by 389% to ₹176 crore from ₹36 crore the previous year. Analyst views Post Q2 Analysts at Axis Securities said …

Stocks to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties, and more
1 month ago

Stocks to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Grasim Industries: Grasim reported a 66% decline in consolidated net profit to ₹390 crore for Q2FY25, down from ₹1,164 crore in the same quarter last year. PTC Industries: PTC Industries posted a net profit of ₹17.31 crore for Q2FY25, more than doubling the ₹8.14 crore reported …

Zomato Share Price Today on 13-11-2024: Zomato share price are down by -0.94%, Nifty down by -1.36%
1 month, 1 week ago

Zomato Share Price Today on 13-11-2024: Zomato share price are down by -0.94%, Nifty down by -1.36%

Live Mint  

Zomato Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Zomato shares are trading at price ₹258.55, -0.94% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Swiggy’s IPO to unlock ₹9,000 crore in ESOP wealth for 5,000 employees: Report
1 month, 1 week ago

Swiggy’s IPO to unlock ₹9,000 crore in ESOP wealth for 5,000 employees: Report

Hindustan Times  

The Swiggy IPO will unlock ₹9,000 crore worth of employee stock option plans, turning nearly 500 of its employees into ‘crorepatis’ after its listing on Wednesday, November 13, according to an Economic Times report. However, according to the report, Swiggy's ₹11,300-crore-IPO was the biggest public offering by a technology firm since Paytm's public issue in 2021. According to the report, …

Swiggy or Zomato: Which stock will deliver better returns to investors?
1 month, 1 week ago

Swiggy or Zomato: Which stock will deliver better returns to investors?

India Today  

Swiggy’s stock market debut has set off a fresh wave of interest in the food delivery sector. "Despite a strong potential growth runway and an improving margin profile, we believe Swiggy still has a long and winding road to profitability,” the brokerage stated in a research note, adding that, while Zomato remains the more efficient operator, “we prefer Swiggy over …

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing
1 month, 1 week ago

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing

India Today  

Food delivery giant Zomato welcomed Swiggy stock market debut on Tuesday with a warm social media post. The post was accompanied by an image of Swiggy and Zomato delivery persons standing in front of the Bombay Stock Exchange building. Swiggy’s IPO was oversubscribed by 3.59 times, but non-institutional investors showed lower interest, with subscriptions at 0.41 times. Meanwhile, markets remained …

Zomato Share Price Today on 12-11-2024: Zomato share price are up by 0.97%, Nifty down by -1.07%
1 month, 1 week ago

Zomato Share Price Today on 12-11-2024: Zomato share price are up by 0.97%, Nifty down by -1.07%

Live Mint  

Zomato Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Zomato shares are trading at price ₹261, 0.97% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Zomato Share Price Today on 11-11-2024: Zomato share price are up by 3.77%, Nifty down by -0.03%
1 month, 1 week ago

Zomato Share Price Today on 11-11-2024: Zomato share price are up by 3.77%, Nifty down by -0.03%

Live Mint  

Zomato Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Zomato shares are trading at price ₹258.5, 3.77% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Deepinder Goyal asks Bengaluru man to apply for job after reading his suggestions for Zomato
1 month, 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 Share Price Today on 07-11-2024: Zomato share price are up by 0.08%, Nifty down by -1.16%
1 month, 2 weeks ago

Zomato Share Price Today on 07-11-2024: Zomato share price are up by 0.08%, Nifty down by -1.16%

Live Mint  

Zomato Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Zomato shares are trading at price ₹255.15, 0.08% up from the previous closing price. On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days …

Zomato Share Price Today on 06-11-2024: Zomato share price are up by 5.29%, Nifty up by 1.12%
1 month, 2 weeks ago

Zomato Share Price Today on 06-11-2024: Zomato share price are up by 5.29%, Nifty up by 1.12%

Live Mint  

Zomato Share Price Today on 06-11-2024: At 06 Nov 16:02 today, Zomato shares are trading at price ₹254.95, 5.29% up from the previous closing price. On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days …

Swiggy vs Zomato: Should you apply for Swiggy IPO or buy rival Zomato shares? Analysts weigh in
1 month, 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
2 months 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
2 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 share are up by 2.1%, Nifty down by -0.96%
3 months, 2 weeks ago

Zomato share are up by 2.1%, Nifty down by -0.96%

Live Mint  

At 06 Sep 11:02 today, Zomato shares are trading at price ₹260.25, 2.1% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA values for the stock are given …

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details
3 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 …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

Antfin to sell shares in Zomato worth Rs 3,400 cr
4 months ago

Antfin to sell shares in Zomato worth Rs 3,400 cr

New Indian Express  

NEW DELHI: Antfin Singapore is reportedly looking to sell Zomato shares worth $408 million or about Rs 3,400 crore. Antfin sold 9.7 crore shares of Zomato in March for Rs 2,827 crore. Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in Zomato at the end of the June quarter of 2024, according to exchange data. The fresh …

Zomato stock price up 112% in 2024; should investors buy now?
4 months, 2 weeks 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 ₹83 crore in platform fee from customers till March
4 months, 2 weeks 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 Shares Zooms Over 12%, Hit 52-Week High After Reporting Significant Profit Jump
4 months, 3 weeks ago

Zomato Shares Zooms Over 12%, Hit 52-Week High After Reporting Significant Profit Jump

ABP News  

Shares of Zomato soared more than 12 per cent on Friday following the food delivery aggregator's announcement of a substantial increase in consolidated net profit, reaching Rs 253 crore for the June quarter. On the NSE, Zomato's stock surged 12.14 per cent to trade at Rs 262.50 per share. Zomato's impressive performance for the April-June period of FY25 was highlighted …

Zomato Q1 results: Zomato net profit up 126 times to ₹253 crore in April-June quarter; revenue rises 74%
4 months, 3 weeks 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. …

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