Zomato
- Business
From Zomato to Oyo, massive surge in orders, bookings on New Year’s Eve
New Delhi: Food delivery platforms like Zomato and Swiggy and quick commerce platforms like Blinkit and Zepto, along with hospitality major Oyo, saw highest-ever orders and bookings on the New Year’s Eve,…
- Business
Zomato ‘war room’ handles order surge with over 3.2 lakh delivery boys
New Delhi: As food orders surged on New Year’s Eve, Zomato CEO Deepinder Goyal shared images of the “war room” at the company headquarters. Zomato executives and other team members were seen…
- Business
Zomato stock down after Rs 400 cr show-cause notice for GST dues
New Delhi: Zomato shares were trading more than 4 percent down on Thursday morning after it received Rs 400 crore show-cause notice from the goods and services tax (GST) authorities over unpaid…
- Business
Zomato offers to acquire logistics platform Shiprocket for $2 bn: Report
New Delhi: Online food platform Zomato has made an offer to acquire homegrown logistics solution provider Shiprocket for close to $2 billion (more than Rs 16,600 crore), media reported on Thursday. Zomato…
- Business
Zomato, Swiggy slapped with Rs 500 crore GST notice each: Report
New Delhi: Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday. Both online food delivery platforms charge…
- Technology
Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr
New Delhi: Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71…
- Business
Softbank sells 1.09 pc stake in Zomato worth Rs 1,040 crore
New Delhi: Japanese conglomerate Softbank on Friday divested a 1.09 per cent stake in online food delivery platform Zomato for Rs 1,040 crore through an open market transaction. Softbank through its affiliate…
- Business
US-based Invesco raises Swiggy’s valuation to USD 7.8 billion
New Delhi: In some cheers for Swiggy that is facing tough competition from Zomato, US-based investment company Invesco has increased the food delivery platform’s valuation to about $7.85 billion, the media reported…
- India
Watch: Did Zomato hire model to drive around for marketing?
A video of a woman driving around with an empty Zomato bag has sparked speculation that the food delivery company has hired a model for marketing purposes. The speculation gained momentum after…
- Business
After Zomato, now Swiggy increases platform fee to Rs 3 for food orders
New Delhi: Online food delivery platform Swiggy has also increased the platform fee from Rs 2 to Rs 3 for food orders. A Swiggy spokesperson on Monday told IANS, that “there has…
- Business
SoftBank likely to fully exit Zomato in coming months
New Delhi: Japanese investment giant SoftBank, which sold nearly 10 crore shares in Zomato, amounting to an 1.17 per cent of the company’s equity, is planning to fully exit the online food…
- Business
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up
New Delhi: Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company’s equity, changed hands on Wednesday at a total deal value of…
- Business
SoftBank may sell 1.17% stake in Zomato via block deal: Report
New Delhi: Japanese company SoftBank Vision Fund (SVF Global) is looking to sell off 1.17 per cent stake in food delivery giant Zomato, according to a media report on Tuesday. The stake…