Zomato to sell UAE food delivery business for $172 million
6 years ago

Zomato to sell UAE food delivery business for $172 million

Live Mint  

Bengaluru: Zomato Media Pvt. Ltd, which owns the online food delivery and restaurant discovery platform, will sell its UAE food delivery business to Germany’s Delivery Hero Group for about $172 million, the Indian startup’s second-largest shareholder Info Edge Ltd said on Monday. Zomato and Delivery Hero will subsequently enter into a service agreement, under which Zomato will continue to run the business on its own platform, Info Edge added. Even though Zomato is present in 24 countries, it operates its food delivery business only in the UAE and India. Zomato has raised an additional $105 million in its ongoing funding round with new investors, including Delivery Hero and Glade Brook Capital.

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History of this topic

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

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 …

What Zomato by any other name means for its business and investors
Trending News
1 month, 2 weeks ago

What Zomato by any other name means for its business and investors

Live Mint  

Bengaluru: Zomato Ltd’s decision to carve out a distinct identity for its parent entity will allow it greater freedom in exploring its ambitions without putting all its eggs in one basket, while providing investors more granular insights into the company, say industry experts. Zomato’s rebranding aligns with the food-delivery giant’s growing focus on its quick-commerce brand Blinkit, restaurant supplies business …

Zomato to be renamed ’Eternal’; platform unveils new logo, aims for lasting legacy beyond food delivery
1 month, 3 weeks ago

Zomato to be renamed ’Eternal’; platform unveils new logo, aims for lasting legacy beyond food delivery

Live Mint  

New Delhi, February 6 : Zomato Ltd on Thursday announced that its board has apporved the change of name of the company to Eternal Ltd., marking a significant transformation in its corporate identity. The decision, approved by the company's Board, reflects Zomato's evolution beyond food delivery, with businesses like Blinkit, District, and Hyperpure now playing a crucial role in its …

Zomato To Become 'Eternal'? Here's Why The Move Only Matters To Traders
1 month, 3 weeks ago

Zomato To Become 'Eternal'? Here's Why The Move Only Matters To Traders

ABP News  

Zomato, the Deepinder Goyal-led food and instant delivery company, is set to undergo a significant transformation by rebranding itself as "Eternal." We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. We would like to rename Zomato Ltd., the company, to Eternal Ltd," Goyal noted in …

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

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 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, 2 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, 2 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, 2 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 …

Is Zomato's dream stock market run over?
2 months, 2 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, …

Zomato first startup in Sensex 30
3 months ago

Zomato first startup in Sensex 30

Deccan Chronicle  

Chennai: Food tech giant Zomato has made history as the first Indian startup to join the Bombay Stock Exchange Sensex 30, replacing JSW Steel in the benchmark index of India’s top 30 companies. Zomato’s total market capitalization of Rs 2.7 lakh crore surpassed JSW Steel's Rs 2.24 lakh crore. However, on Monday, following its inclusion in the Sensex 30, Zomato's …

Zomato debuts on Sensex, inflows worth over ₹4,300 crore expected
Top News
3 months 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 shares to be in focus today. Here's why
Trending News
3 months 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 upends tradition with Sensex entry
3 months 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, 1 week 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
3 months, 2 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 …

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves
3 months, 3 weeks 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 …

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

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

Zomato delivery agent in Gujarat rides with her child, earns praise from the internet. Watch
4 months, 1 week ago

Zomato delivery agent in Gujarat rides with her child, earns praise from the internet. Watch

Hindustan Times  

In today's fast-paced world, ordering food online has become a staple for many, but how often do we stop and think about the delivery agents who work tirelessly to get our meals to us? Recently, a viral video shed light on one such Zomato delivery agent who is going above and beyond to balance her job and motherhood. A Zomato …

Zomato launches NEW ‘District’ app: Book movies, dining, events seamlessly on iOS, Android
4 months, 1 week 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, …

NSE inks pact with Zomato to increase financial literacy among delivery partners
4 months, 2 weeks ago

NSE inks pact with Zomato to increase financial literacy among delivery partners

New Indian Express  

NEW DELHI: The National Stock Exchange of India on Tuesday said it has inked a pact with online food delivery platform Zomato to promote financial literacy and investor awareness programmes among the gig economy workers. According to a statement by NSE, this partnership aims to launch an extensive financial literacy and investor awareness drive, specifically designed for Zomato's delivery partners, …

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, 2 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's Stock Recovers After Volatility, but Analysts Remain Cautious
5 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 Surges 8% After JPMorgan Hikes Target Price; Check Details
6 months, 3 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 …

Dua Lipa Coming To India: Zomato CEO Announces Major Event Just A Day After Acquiring Paytm's Ticketing Business
7 months ago

Dua Lipa Coming To India: Zomato CEO Announces Major Event Just A Day After Acquiring Paytm's Ticketing Business

ABP News  

Just a day has passed since Zomato acquired Paytm's entertainment and ticketing business, and the CEO of the food delivery brand, Deepinder Goyal, has already announced its first major event. Goyal on Friday took to X to announce this year's Zomato Feeding India Concert, which will be headlined by none other than the pop icon Dua Lipa. Zomato CEO, Deepinder …

Zomato stock price up 112% in 2024; should investors buy now?
7 months, 3 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
7 months, 3 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
7 months, 3 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
7 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%
7 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
7 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
7 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 …

Goyal’s Zomato Shares Surge: A Look at the Rise of a Food Tech Giant
8 months, 1 week ago

Goyal’s Zomato Shares Surge: A Look at the Rise of a Food Tech Giant

Deccan Chronicle  

In the ever-evolving world of technology and finance, few stories capture the imagination quite like that of Zomato, the food delivery giant that's not only transformed the way we eat but also how we invest. At the center of this narrative is Deepinder Goyal, the 41-year-old co-founder and CEO of Zomato, who recently made headlines for his staggering shareholding and …

Zomato confirms discussions with Paytm regarding its movies and events business
9 months, 1 week ago

Zomato confirms discussions with Paytm regarding its movies and events business

Live Mint  

Food delivery company Zomato has confirmed discussions with Paytm regarding the acquisition of Paytm's movies and events business. Bloomberg previously reported that Paytm is negotiating with Zomato to divest its movie and events ticketing division as part of a strategic overhaul, responding to declining sales, according to sources familiar with the matter. The potential deal could value Paytm's movies and …

Zomato Q4 results today: Expect net profit to rise 58% to ₹218 crore, revenue growth seen at 6% QoQ
10 months, 2 weeks ago

Zomato Q4 results today: Expect net profit to rise 58% to ₹218 crore, revenue growth seen at 6% QoQ

Live Mint  

Zomato is estimated to deliver a strong earnings growth during the fourth quarter of FY24 led by healthy food delivery and hyperpure business. The online food delivery platform Zomato is expected to report 6% sequential consolidated revenue growth at ₹3,486.8 crore for the quarter ended March 2024, as per average estimates. In Food Delivery business, JM Financial forecasts sequential Gross …

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