Zomato Breaks Even

As is the case with Zomato's food delivery service, merchants will be able to livetrack their shipments

This is because the stock price of Zomato is factoring in all the positives, including earnings growth

Online food ordering and delivery platform Zomato on Monday said it has partnered with Battery Smart to provide battery-swapping access to its delivery partners on the latter's network. Under the partnership, Zomato's delivery partners can get access to Battery Smart's existing network of over 800 swap stations across more than 30 cities, the company said in a statement. Battery Smart provides battery swapping networks for electric two and three-wheelers. "This association with Battery Smart adds further momentum to our commitment as our delivery partners can now leverage a vast and accessible network of battery swapping stations," Zomato COO, Food Ordering & Delivery Business, Rinshul Chandra said. Zomato has committed to 100 per cent EV adoption by 2030 and joined Climate Group's EV100 campaign, he added. Battery Smart co-founder Pulkit Khurana said the association with Zomato empowers new and existing delivery partners to join the EV revolution. India's food delivery market is

The stock hit a 15-month high of Rs 86.37, gaining nearly 2 per cent on the BSE in Friday's intra-day trade

As a part of the partnership, TVS will develop electricity-powered two-wheelers which will be used by Zomato delivery personnel

HSBC said, Zomato has seen an improvement in the market share it lost to Swiggy, thanks to the launch of Zomato Gold

In a farewell note, Gupta said that it was an honour for him to see the company grow leaps and bounds

CEO Deepinder Goyal also said in the memo that 'Eternal', the proposed name for the parent organisation, would remain an 'internal name for now'

Zomato IPO has opened the doors for new-age tech businesses to tap primary markets. Paytm, PolicyBazaar and Mobikiwik are some other names gearing up to tap the primary maket

While there are a lot of questions on the minds of investors with respect to the medium-term growth, profitability & cash usage, FOMO factor should keep the excitement level high

Deepinder Goyal in his blog post announced it will stop charging commission from restaurants for all food orders placed via its portal