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Articles for Blinkit, search results for business

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 …

Food India Zomato Blinkit
Swiggy vs Zomato: Which food delivery stock should you buy for long-term? Here’s a 5-point analysis
1 month, 1 week 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 …

Food India Market Delivery Food Delivery Market Share Price
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 …

Food Delivery Quick Commerce Crore Cent Zomato Gov Blinkit
Man slams Blinkit over Hindi word ‘gaya’, threatens police complaint: ‘Why’re you doing business in Bengaluru?’
5 months, 1 week ago

Man slams Blinkit over Hindi word ‘gaya’, threatens police complaint: ‘Why’re you doing business in Bengaluru?’

Hindustan Times  

A man’s conversation with Blinkit customer care has gone viral, leaving social media users irked. The man contacted the company’s customer care department with a question, which some also labelled as “time-wasting,” which sparked outrage online. Screenshot of a conversation between a Bengaluru man and Blinkit over the Hindi word “gaya." It’s in Hindi, and I don’t know why you …

Man Kannada Hindi Post Customer Blinkit Gaya
Zomato posts consolidated net profit of Rs 175 crore in Q4 FY24
7 months, 1 week ago

Zomato posts consolidated net profit of Rs 175 crore in Q4 FY24

India TV News  

Online food delivery firm Zomato Ltd on Monday reported a consolidated net profit of Rs 175 crore in the March quarter on the back of higher revenue. "Year-on-year topline growth accelerated to 61% and continues to trend above the stated outlook of 40%+, growth driven by robust growth in both food delivery and quick commerce," the press release published by …

Growth Commerce Quick Commerce Crore Zomato Quick Yoy
Blinkit User's Request to 'Deliver' Order to Girlfriend on Valentine's Day Leaves Internet Impressed
10 months, 1 week ago

Blinkit User's Request to 'Deliver' Order to Girlfriend on Valentine's Day Leaves Internet Impressed

News 18  

Every Valentine’s Day, the scene unfolds like clockwork – couples pushing the boundaries to reunite with their beloveds, all while Desi parents channel their inner spies. But this year, move over ‘Chaand Taare Tod Launga,’ as illustrated by a Blinkit user who elevated romance to new heights to reach his beloved on February 14, 2024. “‘Surprise delivery partner’ – Looks …

Deliver Blinkit
India's Zomato posts first-ever profit earlier than expected
1 year, 4 months ago

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

The Hindu  

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

Quarter Zomato Gov Blinkit
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 …

Business Food Growth Delivery Profitability Price Stock
Swiggy’s 'Doodh and Kheer' Jibe at Zomato-Blinkit's Viral Banner Grabs Attention
1 year, 11 months ago

Swiggy’s 'Doodh and Kheer' Jibe at Zomato-Blinkit's Viral Banner Grabs Attention

News 18  

If you follow the food delivery app Swiggy on Twitter you must be aware of the strange marketing move that it usually comes up with. Coming with a savage response, Swiggy Retweeted the tweet and responded, “you don’t need 50 apps to order doodh and kheer.” The response came as a jibe on brands like Zomato and Blinkit which recently …

Apps App Need Twitter Zomato Swiggy Kheer
Zomato shares see biggest one-day gain in 2 months after as Q2 losses narrow
2 years, 1 month ago

Zomato shares see biggest one-day gain in 2 months after as Q2 losses narrow

Live Mint  

Shares of Zomato Ltd today surged the most in two months after the food delivery firm reported a narrower loss for the second quarter. Zomato post market hours on Thursday reported narrowing of its consolidated net loss to ₹250.8 crore for the second quarter ended September 2022, as compared to ₹434.9 crore loss in the year-ago period. "We are building …

Zomato Crore Loss
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,” …

Food India Delivery Food Delivery Market Share Zomato Swiggy
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 Large Blinkit Eternal Multiple Ceo
Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal
2 years, 6 months ago

Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal

Live Mint  

Food delivery platform Zomato has agreed to acquire instant grocery startup Blinkit for ₹4,447 crore in an all-stock deal, as it seeks to exploit a fast-growing market for quick grocery delivery. Japan’s SoftBank, the biggest shareholder in Blinkit with a 46% stake, will get around 3.2% stake in Zomato as part of the transaction, as per VCCircle estimates. Other investors …

Business Quick Commerce Deal Zomato Quick Shares Blinkit
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 …

Food India Russia Services Internet Delivery Companies
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 …

Business Food India Delivery Commerce Zomato Blinkit
As Indians expect groceries in 10 mins, delivery agents struggle
2 years, 10 months ago

As Indians expect groceries in 10 mins, delivery agents struggle

Al Jazeera  

Bengaluru, India–Lately, Shaik Salauddin’s phone has been ringing off the hook. Delivery workers from around India have been calling this founder of a gig and platform workers’ union to share their grievances – some had accidents while trying to deliver groceries within the stipulated time, a few are in trouble with the traffic police and some others need help claiming …

India Bengaluru Hyderabad Indian Workers Zepto Swiggy