Zomato Gold scheme: No significant progress could be made in meeting held with company, says NRAI
5 years, 3 months ago

Zomato Gold scheme: No significant progress could be made in meeting held with company, says NRAI

Firstpost  

National Restaurant Association of India on Monday said no significant progress could be made on Zomato Gold issues in the meeting held with the company New Delhi: National Restaurant Association of India on Monday said no significant progress could be made on Zomato Gold issues in the meeting held with the company. The discussions on eight central issues in the second meeting with key delivery aggregators Zomato and Swiggy were, however, mostly positive, it added. “Follow up meetings with both Swiggy and Zomato on the eight-core issues were largely positive and talks have progressed well so far,” NRAI President Anurag Katriar said in a statement. NRAI remains steadfast in its belief that Zomato Gold in its current form is not acceptable in either dine-in or delivery segment,” Katriar said.

Zomato Progress Swiggy Issues Nrai Zomato Gold Katriar No Significant Progress  issues  meeting  gold  restaurant  significant  company  scheme  held  association  progress  zomato  swiggy  nrai

History of this topic

Zomato’s losing steam and the Blinkit drag
Trending News
1 day, 9 hours 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 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 …

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 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 …

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report
2 months ago

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report

Hindustan Times  

The Competition Commission of India said in its non-public documents that food delivery giants Swiggy and Zomato are in breach of the antitrust and competition laws of India, with their business practices favouring select restaurants listed on their platforms, reported Reuters. Swiggy and Zomato are the leading food delivery companies in India The antitrust body's documents say that Zomato entered …

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 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 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 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: Delivering profit and robust growth
10 months, 4 weeks ago

Zomato: Delivering profit and robust growth

New Indian Express  

NEW DELHI: Back in June 2022 when Zomato announced its decision to acquire loss-making quick commerce firm Blinkit, there was wide scepticism that this purchase would delay the company’s path to profitability. Zomato on Thursday reported a profit after tax of R138 crore in the December quarter, helped by sharp growth in its quick commerce business and resilience shown by …

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 share price jumps over 10%, scales fresh 52-week high post Q2 results
1 year, 2 months ago

Zomato share price jumps over 10%, scales fresh 52-week high post Q2 results

Live Mint  

Zomato share prices gained more than 10% and scaled 52 week highs of ₹120 on Friday after the company reported a net profit of ₹36 crore during July-September quarter for fiscal 2023-24 against a net loss of ₹251 crore in the corresponding period last year. On a sequential basis also Zomato net profit during Q2 marked a significant improvement over …

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, Paytm, Nykaa, other new-age stocks see FPIs raise stake in past year
1 year, 4 months ago

Zomato, Paytm, Nykaa, other new-age stocks see FPIs raise stake in past year

Live Mint  

The new-age tech stocks Zomato, Paytm, PB Fintech, Nykaa, Delhivery and others have seen rising interest from foreign investors over the past one year as these companies seem to have been improving their business models and reporting decent growth with operational efficiencies. FPI shareholding in food delivery aggregator Zomato rose to 33.33% in June 2023 from 9.85% in June 2022. …

India's Zomato posts first-ever profit earlier than expected
1 year, 5 months ago

India's Zomato posts first-ever profit earlier than expected

The Hindu  

India's Zomato posted its first-ever profit on Thursday, one quarter earlier than expected, helped by a tax gain and strong orders in its food and grocery delivery businesses. Zomato expected to hit this milestone in the September quarter, said Chief Financial Officer Akshant Goyal, adding that they were being conservative with that guidance. Gross order value — the total value …

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 …

Zomato share price jumps 8% on reports of ONDC discounts revision
1 year, 7 months ago

Zomato share price jumps 8% on reports of ONDC discounts revision

Live Mint  

Zomato share price jumped almost 8 per cent in morning trade on BSE on Friday amid reports of the revision of discounts at the Open Network for Digital Commerce. Shares of Zomato opened at ₹69.40 against the previous close of ₹67.92 and rose 7.8 per cent to touch the intraday high of ₹73.20 in trade so far. The stock got …

Zomato share price: Brokerages bullish on stock, upgrades estimates for FY24
1 year, 7 months ago

Zomato share price: Brokerages bullish on stock, upgrades estimates for FY24

Live Mint  

Zomato's last quarter of FY23 was sweeter with profitability in the food delivery business improving, hypercure continuing on a steady growth, alongside a meaningful reduction in losses of Blinkit business. Read here: Zomato’s consolidated loss narrows in Q4; eyes profitability in next four quarters Zomato's performance was primarily driven by the company’s food delivery segment, which delivered an adjusted Ebitda …

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 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 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 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 issues clarification on the 'Mahakal Thali' advertisement, withdraws the ad featuring Hrithik Roshan
2 years, 4 months ago

Zomato issues clarification on the 'Mahakal Thali' advertisement, withdraws the ad featuring Hrithik Roshan

Op India  

On Sunday, 21st August 2022, the food delivery company Zomato issued a clarification on its ‘Mahakal Thali’ According to the Gurgaon-based firm, the ‘Mahakal thali’ commercial is a part of a pan-Indian campaign that identifies the best restaurants in each city and their most popular meals. We offer our sincerest apologies, for the intent here was never to hurt anyone’s …

New Zomato ad featuring Hrithik Roshan links Mahakaleshwar temple to food delivery, gets condemned by temple priests
2 years, 4 months ago

New Zomato ad featuring Hrithik Roshan links Mahakaleshwar temple to food delivery, gets condemned by temple priests

Op India  

On Saturday, a controversy erupted around a new According to the reports, the Hindu saints of the Mahakaleshwar temple have condemned the He added that the company had used the temple to promote its service blatantly. If such Mahesh further added that devotees at Mahakaleshwar temple are served the prasad in thali but it is no way delivered on demand. …

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, Swiggy Under CCI Lens for Alleged Unfair Business. Know Details
2 years, 9 months ago

Zomato, Swiggy Under CCI Lens for Alleged Unfair Business. Know Details

News 18  

The Competition Commission of India has ordered an investigation into alleged unfair business practices of food delivery platforms Zomato and Swiggy. A day after the CCI order, Zomato on Tuesday said in a regulatory filing that it will explain to the competition watchdog that it is in compliance with relevant laws and said it intends to “promptly comply with any …

Zomato, Swiggy to face CCI probe
2 years, 9 months ago

Zomato, Swiggy to face CCI probe

Live Mint  

India's antitrust body has ordered investigation into the conduct of online food delivery platforms Zomato and Swiggy, according to an order dated 4 April. "The Commission is of the view that there exists a prima facie case with respect to some of the conduct of Zomato and Swiggy, which requires an investigation by the Director General, to determine whether the …

Zomato strengthens leadership team with new appointments
3 years ago

Zomato strengthens leadership team with new appointments

Live Mint  

Bengaluru: Foodtech major, Zomato Ltd has strengthened its leadership team with the appointment of a new chief sustainability officer and deputy chief financial officer. The foodtech company on Tuesday said it has roped in Anjalli Ravi Kumar as its chief sustainability officer and brought in Nitin Savara as its deputy chief financial officer to expand its leadership team. In his …

Zomato to stop grocery delivery service from September 17
3 years, 3 months ago

Zomato to stop grocery delivery service from September 17

The Hindu  

Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment, leading to poor customer experience. Hence, we intend to stop our pilot grocery delivery service effective 17 September, 2021". Earlier Zoamto had said that it had invested USD 100 million for acquiring a minority stake in …

Zomato Defends Hrithik Roshan Ad, Says it Aimed to Make Delivery Exec the 'Hero'
3 years, 4 months ago

Zomato Defends Hrithik Roshan Ad, Says it Aimed to Make Delivery Exec the 'Hero'

News 18  

Food ordering and delivery platform Zomato can’t seem to make its way out of news lately. First, it made headlines for allegedly exploiting its delivery executes, then it stirred up controversy again with an ad featuring Bollywood stars that drew social media’s ire for normalising stressful work. It acknowledged the problems surrounding gig worker payouts and working conditions, but said …

Zomato IPO fully subscribed in the first day of bidding
3 years, 5 months ago

Zomato IPO fully subscribed in the first day of bidding

India TV News  

The much-awaited initial public offering of online food delivery platform Zomato witnessed a healthy response from retail investors and was fully subscribed. Data available on BSE showed that the issue got subscribed 1.05 times at the end of the first day of the IPO. By the end of the IPO market on Wednsday, the shares earmarked for the qualified institutional …

Zomato IPO: What the food tech says about growth, sustainability and competition
3 years, 5 months ago

Zomato IPO: What the food tech says about growth, sustainability and competition

Live Mint  

BENGALURU: The much-anticipated domestic public offer of food tech major, Zomato, is here, with the opening of the three-day share sale for retail investors on Wednesday. “Amazon has been in the food delivery space in India for a year now and we haven’t seen any impact on their or our market share. And we believe there is still a large …

As Zomato IPO opens, Paytm founder has a message for Deepinder Goyal
3 years, 5 months ago

As Zomato IPO opens, Paytm founder has a message for Deepinder Goyal

Live Mint  

As the food delivery platform Zomato's initial public offering has opened for subscription today, Paytm’s founder Vijay Shekhar Sharma wished the food tech unicorn's founder and CEO Deepinder Goyal as he rooted for India's first share sale by an internet company. The retail portion of Zomato's public offering was subscribed nearly 100% within an hour of the opening on Day …

Discover Related