Goyal’s Zomato Shares Surge: A Look at the Rise of a Food Tech Giant
5 months, 3 weeks 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 the company’s remarkable stock performance. The Bigger Picture: Food Tech Trends Zomato’s recent stock performance is not an isolated incident; it reflects broader trends in the food tech industry. Conclusion: What Lies Ahead Deepinder Goyal's leadership and Zomato's recent stock surge highlight the potential of the food tech industry.

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History of this topic

Zomato’s losing steam and the Blinkit drag
Trending News
3 days, 2 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 share price tumbles 3% today as poor market run continues. What's next?
Trending News
3 days, 11 hours 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?
4 days, 11 hours 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 upends tradition with Sensex entry
2 weeks, 6 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 …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
1 month 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 shares up 131% this year: Should you buy multibagger stock?
1 month, 2 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 CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26
1 month, 2 weeks 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 …

Betting on Swiggy and Zomato: Can India’s food delivery titans deliver?
1 month, 2 weeks 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 …

Former Zomato engineer defends CEO Deepinder Goyal on controversial Chief of Staff job posting
1 month, 2 weeks ago

Former Zomato engineer defends CEO Deepinder Goyal on controversial Chief of Staff job posting

Live Mint  

Zomato CEO Deepinder Goyal recently faced backlash after posting a controversial job listing for the position of Chief of Staff at the food delivery giant. In response to Goyal’s post on X, Gupta wrote, “If you're looking for a career in Management Consulting or Strategy, this is worth waaaay more than ₹20L!” He argued that the learning potential under Goyal’s …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
1 month, 3 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 Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut
1 month, 4 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 CEO Deepinder Goyal offers job to X user after impressive feedback on 'food rescue' feature
Trending News
1 month, 4 weeks ago

Zomato CEO Deepinder Goyal offers job to X user after impressive feedback on 'food rescue' feature

India TV News  

Deepinder Goyal, the CEO of Zomato, caught the attention of many after reaching out to one of the talented social media users who made constructive criticism about the company’s recently introduced “Food Rescue” feature. This feature lets users get food wastage and instead, allows them to buy food that would otherwise go to waste in cancelled orders sold at a …

Zomato launches new feature to tackle food waste due to cancelled orders
Trending News
2 months 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
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 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore
5 months, 1 week 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
5 months, 1 week 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 …

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, 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. …

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 …

Missing home-cooked food? ‘Zomato Everyday’ is here for you
1 year, 10 months ago

Missing home-cooked food? ‘Zomato Everyday’ is here for you

Hindustan Times  

For those staying away from home and missing home-cooked meals, Zomato has launched a service called ‘Zomato Everyday.’ With this, the food delivery company says it will deliver ‘fresh home-style meals crafted with real home-chefs at affordable prices.’ Representational Image On Wednesday, co-founder and CEO Deepinder Goyal took to Twitter to introduce Zomato Everyday. With menus designed by real home …

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 CEO plays down impact of top-level exits
1 year, 10 months ago

Zomato CEO plays down impact of top-level exits

Live Mint  

Food delivery platform Zomato’s founder and chief executive officer Deepinder Goyal on Tuesday shared an official statement on Twitter to defend the company’s culture. The food tech company has witnessed several top-level exits since going public and seeing its stock price plummet. Last week, Zomato’s global dining business head, Aman Priyadarshi, quit the company to join Kenko Health to lead …

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 is hiring, founder is looking for people who can work 24 hours with no work-life balance
1 year, 11 months ago

Zomato is hiring, founder is looking for people who can work 24 hours with no work-life balance

India Today  

After firing nearly 3 per cent of its workforce, online food delivery is hiring for various positions. Zomato founder Deepinder Goyal recently revealed in his LinkedIn post that the company is hiring for around 800 positions, but what caught attention was one of the job requirements. For one of the posts, the Zomato founder noted the candidate should forget work …

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 …

Zomato, Swiggy among top 10 global food delivery companies: Report
2 years, 3 months ago

Zomato, Swiggy among top 10 global food delivery companies: Report

Hindustan Times  

Swiggy and Zomato, the Indian food delivery apps have been ranked among the world's biggest e-commerce food-delivery companies as per a report by Canada-based global research firm ETC Group. Swiggy and Zomato are among the top ten global food delivery companies. The ETC report however expressed concerns over the food delivery sector's ‘inhumane and possibly untenable labour practices’ through the …

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 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 to Swiggy: In Internet’s Winner Takes All Model, We End up as Losers
2 years, 9 months ago

Zomato to Swiggy: In Internet’s Winner Takes All Model, We End up as Losers

News 18  

The internet model of a single winner that controls everything from supply chains to payment systems is creating fragile, monopolistic ecosystems that can potentially harm society. Investors in delivery firms also follow the WTA model that has resulted in consolidation – only one strong player will stand, not multiple players. The Zomato-Blinkit Case Study Even the latest acquisition of Blinkit …

Zomato to start 10-minute food deliveries, says founder Deepinder Goyal
2 years, 9 months ago

Zomato to start 10-minute food deliveries, says founder Deepinder Goyal

Live Mint  

As quick services catch up with food aggregator platforms, Ant Group-backed Zomato Ltd plans to deliver food in 10-minutes, the company’s founder Deepinder Goyal said in a blogpost on Monday. “After becoming a frequent customer of Blinkit, I started feeling that the 30-minute average delivery time by Zomato is too slow, and will soon have to become obsolete. And here …

‘30-minute too slow’: Zomato to deliver food in 10 minutes
2 years, 9 months ago

‘30-minute too slow’: Zomato to deliver food in 10 minutes

Hindustan Times  

Stating that the 30-minute average delivery time is "too slow", Zomato founder and CEO Deepinder Goyal on Monday announced that its platform will soon start delivering food in 10 minutes and that too, without compromising on food quality and delivery partner safety. I started feeling that the 30-minute average delivery time by Zomato is too slow, and will soon have …

What does the merger with Blinkit mean for Zomato and its shareholders?
2 years, 9 months ago

What does the merger with Blinkit mean for Zomato and its shareholders?

Business Standard  

Less than a year after investing $100 million in Blinkit for a 9.3% stake, Zomato is reportedly in talks to merge with the online grocery company in an all-stock deal. Blinkit shareholders will get a 10% stake in Zomato A Business Standard report said that Blinkit would be valued at around $750-800 million dollars, which is much lower than 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 IPO catapults founder towards list of Indian billionaires
3 years, 5 months ago

Zomato IPO catapults founder towards list of Indian billionaires

Al Jazeera  

A 66% stock jump on debut turned Zomato Ltd founder Deepinder Goyal into a poster boy for India’s fledgling startup scene, pushing his fortune close to the $1bn mark. While that’s far behind the fortunes of Mukesh Ambani – worth about $80bn – and dozens of other Indian industrial tycoons, the group of ultra-rich startup entrepreneurs in the country is …

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 …

Zomato CEO Ordering 'Triple Breakfast' Ahead of IPO Opening is Relatable
3 years, 5 months ago

Zomato CEO Ordering 'Triple Breakfast' Ahead of IPO Opening is Relatable

News 18  

We have often heard our friends say that they have eaten lots of food before an exam or interview. Stress eating — Deepinder Goyal July 14, 2021 Following Goyal’s tweet, people started wishing him and Zomato all the best for the big day. Congrats on bringing food delivery and ordering to the main stream of India.— KG July 14, 2021 …

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform
4 years, 11 months ago

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

Firstpost  

Despite arriving in the Indian market in 2017, Uber Eats has not made enough inroads in the online food delivery segment Uber Eats, the food delivery business run by Uber has been acquired by Zomato, the online food delivery and restaurant discovery platform in all-stock deal, according to news reports. Uber Eats in India will discontinue operations and direct restaurants, …

Zomato to raise up to $600 mn next month: Deepinder Goyal
5 years, 1 month ago

Zomato to raise up to $600 mn next month: Deepinder Goyal

Live Mint  

Online restaurant guide and food ordering platform Zomato is looking to raise up to USD 600 million next month in a new funding round, its founder and CEO Deepinder Goyal said on Friday. "We are going to raise USD 500-600 million next month or so," Goyal said adding that good companies can raise money in hard times or good times. …

Zomato-Swiggy merger? Gurgaon based food delivery giant has its say
5 years, 1 month ago

Zomato-Swiggy merger? Gurgaon based food delivery giant has its say

India TV News  

As merger reports of Bengaluru-based Swiggy and Gurugram-based Zomato -- two biggest players in the burgeoning online food delivery market -- resurfaced, Deepinder Goyal-led Zomato on Tuesday refuted reports, saying they are not in talks with anyone. A First Post report, citing sources, mentioned that the merger talks between the two food delivery platforms have revived as the competition is …

Zomato eyes 20 crore users in India: CEO Deepinder Goyal
5 years, 2 months ago

Zomato eyes 20 crore users in India: CEO Deepinder Goyal

India TV News  

Zomato Founder and CEO Deepinder Goyal on Tuesday said the online food delivery platform aims to serve 20 crore people in India over the next few years who will order food at least five times a month. Admitting that his thoughts may be "labelled as stupid for saying out loud," Goyal said that out of the 20 crore future Zomato …

Ant Financial-led funding boost may put Zomato back in the saddle in race with Swiggy
5 years, 3 months ago

Ant Financial-led funding boost may put Zomato back in the saddle in race with Swiggy

Live Mint  

Online food ordering and discovery platform Zomato could not have earned its fat cheque at a more opportune time. Just like e-commerce or ride hailing apps, food delivery is a two-player game now,” said Harish H.V., managing partner, ECube, an environmental, social and governance fund. The largest-ever fundraise by Zomato comes at a time when the Gurugram-headquartered firm, along with …

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