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 the likes of Swiggy One, which also offers similar benefits. Zomato clarified that Gold membership will offer a "no delay guarantee" to subscribers and delayed deliveries will result in users getting a Rs 100 coupon instantly.

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History of this topic

After ₹20 lakh stir, Zomato CEO Deepinder Goyal has a ₹30 update
3 weeks, 3 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 shares up 131% this year: Should you buy multibagger stock?
4 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 eyes 30 per cent annual growth in food delivery business in next 5 years: Report
1 month 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 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 …

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 Rs 83 cr in platform fee from customers till March
4 months, 2 weeks 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
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. …

Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore
4 months, 3 weeks 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 …

Zomato Q1 results: Profit jumps to ₹253 crore; revenue soars 74% YoY
4 months, 3 weeks ago

Zomato Q1 results: Profit jumps to ₹253 crore; revenue soars 74% YoY

Hindustan Times  

Zomato Q1 results: Online food delivery giant Zomato reported multifold year-on-year growth in its consolidated net profit to ₹253 crore for the quarter ended June 30, 2024. The company's net profit jumped 126.5 times in the April-June quarter, compared to the year ago period. Zomato Q1 results: The logo of Indian food delivery company Zomato is seen on its app …

Swiggy, Zomato hike platform fees; online food delivery to cost more
5 months, 1 week 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 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 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
8 months, 3 weeks 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 share price falls 3% after ₹3,112-crore block deal: What's happening
9 months, 2 weeks ago

Zomato share price falls 3% after ₹3,112-crore block deal: What's happening

Hindustan Times  

Zomato share price: Shares of Zomato fell 3 percent in opening deals today. This comes after around 19 crore shares, which accounted for a 2.1 per cent stake in the company, changed hands in a ₹3,112-crore block deal. Zomato share price: Zomato share price fell 3 per cent on March 6. Zomato share price: Zomato reported block deal This comes …

Zomato surges over 5 per cent after posting third straight quarter of profit at Rs 138 crore
10 months, 2 weeks 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
10 months, 4 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
10 months, 4 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 soups in new controversy as it retracts from ₹1.6 cr salary job offer
1 year 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, 1 month 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, 1 month 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, 1 month 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 share price jumps 8% on reports of ONDC discounts revision
1 year, 6 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 …

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 …

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 hopeful of turning profitable within one year
2 years, 3 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, 3 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 …

Uber Likely To Sell 7.8% Stake In Zomato For USD 373 Million
2 years, 4 months ago

Uber Likely To Sell 7.8% Stake In Zomato For USD 373 Million

ABP News  

Mumbai: Ride-hailing app Uber is selling off its entire holding in Indian food delivery company Zomato for at least USD 373 million through a block deal of shares, merchant banking sources said on Tuesday. At the lower end of the band, which is a 13.6 per cent discount to Tuesday's close, the total money to be raised through the sale …

Zomato to move to multiple CEO structure under larger organisation Eternal
2 years, 4 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 …

Zomato dissolves subsidiary in Canada | Check share price
2 years, 9 months ago

Zomato dissolves subsidiary in Canada | Check share price

India Today  

Zomato Limited has announced the dissolution of Zomato Canada. Zomato Canada did not have any active business operations, the online food delivery platform stated in a BSE filing. "We wish to submit that Zomato Canada Inc., a step-down subsidiary of the Company located in Canada, is dissolved w.e.f March 22, 2022," Zomato said in the statement. "Further, as disclosed in …

Stocks to Watch Today: Zomato, TCS, Future Retail, Colgate-Palmolive, and Others
2 years, 9 months ago

Stocks to Watch Today: Zomato, TCS, Future Retail, Colgate-Palmolive, and Others

News 18  

Nifty futures on the Singapore Exchange traded 60.50 points, or 0.35 per cent, lower at 17,195.50, signaling that Dalal Street was headed for a negative start on Thursday. Zomato The food delivery giant informed about dissolution of its step-down subsidiary Zomato Canada Inc. Ruchi Soya Industries The company’s follow-on public offer will open for subscription on March 24. Kotak Mahindra …

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 IPO: GMP improves, all eyes on allotment date
3 years, 5 months ago

Zomato IPO: GMP improves, all eyes on allotment date

Live Mint  

Zomato IPO subscription registered robust growth on the last date of bidding and it finally ended at 38.25 times of its public offer. According to the market observers, rise in Zomato IPO GMP in the last two days has played a major role in rise in Zomato IPO subscription by 16th July 2021. Expecting Zomato IPO listing at reasonable gains …

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 …

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