Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore
7 months, 4 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 firm posted a 74 per cent year-on-year revenue surge from operations to Rs 4,206 crore in Q1 FY25. The gross order value across Zomato's B2C segments—food delivery, quick commerce, and going-out—rose 53 per cent year-on-year to Rs 15,455 crore. Specifically, GOV for food delivery increased 27 per cent, quick commerce jumped 130 per cent, and going-out grew 106 per cent.

Food Delivery Quick Commerce Crore Cent Zomato Gov Blinkit  surges  zomato  delivery  crore  rs  q1  yearonyear  platforms  quarter  result  profit  gov  stores  net  cent  food  quick

History of this topic

Zomato shares surge over 4% as rally continues for 2nd day. What next?
Trending News
1 week, 5 days ago

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

India Today  

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

Zomato stock price zooms 6% today despite reports of insolvency plea
1 week, 6 days ago

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

India Today  

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

Zomato share falls for 5th straight session, crashes 11% amid weak market. Opportunity for bargain hunting?
2 weeks, 6 days ago

Zomato share falls for 5th straight session, crashes 11% amid weak market. Opportunity for bargain hunting?

Live Mint  

Food tech giant Zomato share price continued its downward trajectory for the fifth session straight on Tuesday amid weak market sentiments, losing over 11.23 per cent during this period. With shareholder approval, the resolution will result in amendments to the company’s core legal documents, including the MoA and AoA, to incorporate the new name, according to the stock exchange notification. …

Zomato best-performing startup, Paytm worst
1 month, 1 week ago

Zomato best-performing startup, Paytm worst

Deccan Chronicle  

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

Explained: Why Zomato share price plunged over 5% today
1 month, 2 weeks ago

Explained: Why Zomato share price plunged over 5% today

India Today  

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

Zomato shares down over 23% in a month. Should you buy or avoid?
2 months, 1 week ago

Zomato shares down over 23% in a month. Should you buy or avoid?

India Today  

Shares of Zomato fell for the third straight session, continuing its poor run on Dalal Street after reporting Q3FY25 results. The fall in Zomato’s share price comes after a period of strong gains as its profit in the third quarter dipped sharply to Rs 59 crore. Despite the fall in Zomato’s share price, brokerage firms remain optimistic about the company, …

For Zomato, chasing too much growth in q-commerce may be causing indigestion
2 months, 1 week ago

For Zomato, chasing too much growth in q-commerce may be causing indigestion

Live Mint  

Zomato Ltd faced double trouble in the December quarter as its two main businesses – food delivery and quick commerce — drastically fell short of expectations. Food delivery GOV came in at ₹9,913 crore in Q3, up 2.3% sequentially, which also means growth rate halved from 4.6% seen in Q2. Thus, Zomato’s long-term goal of clocking 20% year-on-year growth in …

Zomato Stocks Plunge Nearly 10 Per Cent, See Why The Food Delivery Firm's Share Price Is Falling
2 months, 1 week ago

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

ABP News  

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

Undeterred by 57% profit decline, Zomato to accelerate Blinkit expansion
2 months, 1 week ago

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

Live Mint  

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

Zomato Q3 Results: Net Profit Declines 57% To Rs 59 Crore
2 months, 1 week ago

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

ABP News  

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

Zomato Q3 2025 results: Net profit falls 57% despite 64% revenue rise, as expenses mount
2 months, 1 week ago

Zomato Q3 2025 results: Net profit falls 57% despite 64% revenue rise, as expenses mount

Hindustan Times  

Food delivery giant Zomato Ltd announced its third quarter results for the financial year 2024-25 on Monday, January 20, 2025. 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, 2021 The company's consolidated revenue from operations rose 64.38% …

Zomato Q3 Results: Net profit drops 57% to ₹59 crore, revenue up 64.4%; GOV for B2C biz rises 57% YoY
2 months, 1 week ago

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

Live Mint  

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

Zomato shares decline 7% as Q3 profit tumbles over 57%
2 months, 1 week ago

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

India Today  

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

Zomato stock down 21% from 52-week high amid market pessimism: Should you buy, sell, or hold to build sizable positions?
2 months, 1 week ago

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

Live Mint  

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

Swiggy, Zomato launch 15-minute delivery service
2 months, 3 weeks ago

Swiggy, Zomato launch 15-minute delivery service

New Indian Express  

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

Zomato’s losing steam and the Blinkit drag
Trending News
2 months, 3 weeks ago

Zomato’s losing steam and the Blinkit drag

Live Mint  

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

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

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

India Today  

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

Zomato shares drop 5% after Jefferies downgrades stock, cuts target price by 18% to ₹275
2 months, 3 weeks ago

Zomato shares drop 5% after Jefferies downgrades stock, cuts target price by 18% to ₹275

Live Mint  

Shares of food aggregator Zomato fell 5 per cent on Tuesday, January 7 after global brokerage Jefferies downgraded the stock to 'Hold', according to media reports. The brokerage also reduced its target price for Zomato by 18 per cent from ₹335 to ₹275, indicating just over 9 per cent upside potential. In response to these challenges, Jefferies significantly lowered its …

Is Zomato's dream stock market run over?
2 months, 3 weeks ago

Is Zomato's dream stock market run over?

India Today  

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

Are Indians ordering less? Pizza sales fall by 1.6 crore on Zomato, biryani sees a drop too
3 months ago

Are Indians ordering less? Pizza sales fall by 1.6 crore on Zomato, biryani sees a drop too

Hindustan Times  

Zomato has released its year end report for 2024, providing some interesting insights into how Indians like to eat. Just like the last eight years, biryani reigned supreme in terms of sales, clocking over 9 crore orders on Zomato in 2024. Indians ordered 3 biryanis every second on Zomato, and more than 2 biryanis per second on Swiggy. The Zomato …

Zomato debuts on Sensex, inflows worth over ₹4,300 crore expected
Top News
3 months, 1 week ago

Zomato debuts on Sensex, inflows worth over ₹4,300 crore expected

Hindustan Times  

Food delivery giant Zomato Ltd is debuting on the Bombay Stock Exchange's benchmark Sensex index on Monday, December 23, 2024, making it the first startup or newer company to do so. 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 …

Zomato upends tradition with Sensex entry
3 months, 1 week ago

Zomato upends tradition with Sensex entry

Live Mint  

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

Zomato slapped with ₹803 crore tax demand by GST authorities
3 months, 2 weeks ago

Zomato slapped with ₹803 crore tax demand by GST authorities

Live Mint  

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

Zomato’s Blinkit launches Bistro app: How does it compare with Zepto Cafe? All we know about ’new growth frontier’
3 months, 2 weeks ago

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

Live Mint  

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

India orders Zomato to pay $95 mln in taxes, fines in latest setback
3 months, 2 weeks ago

India orders Zomato to pay $95 mln in taxes, fines in latest setback

Live Mint  

Dec 12 - India's tax department has ordered Zomato to pay 8.04 billion rupees in taxes and fines for non-payment of certain taxes from 2019 to 2022, the food delivery platform said on Thursday. The order directs Zomato to pay 4.02 billion rupees in outstanding taxes and an identical amount as penalty, which totals to more than four times the …

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

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

Live Mint  

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

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

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

Live Mint  

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

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

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

India Today  

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

Can Swiggy’s Instamart spice it up in quick commerce?
3 months, 3 weeks ago

Can Swiggy’s Instamart spice it up in quick commerce?

Live Mint  

For the September quarter, both companies saw about 5% and 24% growth in their respective gross order values of the food delivery and quick-commerce businesses. In Q2FY25, Swiggy’s GOV was ₹10,600 crore against ₹15,800 crore of Zomato in both the main businesses, i.e., food delivery and quick commerce together. Its adjusted Ebitda in Q2FY25 in the two businesses was ₹333 …

Swiggy Q2: Losses Narrow To Rs 626 Crore, Firm Clocks 30 Per Cent Jump In Revenue
3 months, 3 weeks ago

Swiggy Q2: Losses Narrow To Rs 626 Crore, Firm Clocks 30 Per Cent Jump In Revenue

ABP News  

Food and grocery delivery firm Swiggy reported a revenue of Rs 3,601.5 crore in the July-September quarter, logging a gain of 30 per cent from Rs 2,763.3 crore reported in the corresponding period a year earlier. The online delivery company’s loss stood at Rs 626 crore in the second quarter of the current fiscal year 2024-25, narrowing 5 per cent …

Swiggy Q2 results: Net loss narrows to Rs 625.5 crore in 1st earnings after IPO
3 months, 4 weeks ago

Swiggy Q2 results: Net loss narrows to Rs 625.5 crore in 1st earnings after IPO

India Today  

Food delivery giant Swiggy, which debuted on the stock market in November, reported a consolidated net loss of Rs 625.5 crore for the September quarter, a slight improvement from the Rs 657 crore loss in the same period last year. Swiggy’s gross order value increased by 30% YoY to Rs 11,306 crore, while its platform’s average monthly transacting users rose …

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves
4 months ago

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves

Live Mint  

Bengaluru: Food and grocery delivery player Zomato has raised ₹8,500 crore through its qualified institutional placement, allocating 33.64 crore shares at ₹252.62 apiece, it said in a filing with the stock exchanges on Friday. The Gurugram-based company’s cash balance fell to ₹10,800 crore in the September quarter of FY25 from ₹14,400 crore when it launched an initial public offering in …

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

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

India Today  

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

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26
4 months ago

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26

India Today  

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

Zomato Shares Surge 6 Per Cent. Here's Why
Trending News
4 months 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 Share Price Today on 22-11-2024: Zomato share price are down by -0.99%, Nifty up by 1.21%
4 months, 1 week 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?
4 months, 1 week 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 …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
4 months, 1 week 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 share price: Experts see 45% upside in this Multibagger stock. Should you buy?
4 months, 1 week 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 …

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report
4 months, 1 week 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 …

Stocks to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties, and more
4 months, 1 week 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 …

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis
4 months, 2 weeks ago

Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis

Live Mint  

Swiggy vs Zomato: After a decent initial public offering, Softbank-backed food delivery giant Swiggy delivered a powerful stock market debut, beating analysts' estimates. Zomato has established itself as the leading player in India's food delivery industry, capturing a market share of 56 per cent-57 per cent in online food orders in FY24. Here are the five key indicators to compare …

Zomato launches NEW ‘District’ app: Book movies, dining, events seamlessly on iOS, Android
4 months, 2 weeks ago

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

Live Mint  

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

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut
4 months, 2 weeks ago

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

Deccan Chronicle  

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

Zomato to sell food at unbeaten price to cut cancelled-orders wastage
Trending News
4 months, 2 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
4 months, 2 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 …

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
4 months, 3 weeks 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, Swiggy accused of unfair practices in food delivery market: Report
4 months, 3 weeks ago

Zomato, Swiggy accused of unfair practices in food delivery market: Report

India Today  

An investigation has revealed that leading food delivery platforms Zomato and Swiggy have violated competition laws in India, according to documents from the Competition Commission of India. In Swiggy's IPO documentation, the company acknowledges the CCI case as an "internal risk," noting that "any breach of the provisions of Competition Act, may attract substantial monetary penalties." FOUND GUILTY OF ‘REDUCING …

Zomato's Stock Recovers After Volatility, but Analysts Remain Cautious
5 months, 1 week 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, Bajaj Finance, Paytm, Adani Green Energy among 70 companies to post Q2 earnings
5 months, 1 week ago

Zomato, Bajaj Finance, Paytm, Adani Green Energy among 70 companies to post Q2 earnings

Live Mint  

Some 70 companies will release their earnings for the second quarter of the current fiscal (Q2FY25) on Tuesday, October 22. Top companies reporting their results today include Zomato, Bajaj Finance, Paytm, Adani Green Energy, Persistent Systems, Amber Enterprises India, Aditya Birla Real Estate, Paytm and Indus Towers.

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