Page 2 - Zomato Ltd News

Swiggy pilots 'Yello' service marketplace as Zomato eyes concierge model

Swiggy and Zomato, India's top delivery platforms, are branching out beyond core food and grocery services. Swiggy's 'Yello' marketplace and Zomato's concierge model lead new initiatives

Zomato, Swiggy deny CCI antitrust violations, say media report 'misleading'

Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform

Zomato's 'Food Rescue' feature offers cancelled orders at discounted rate

To curb food wastage, Zomato's 'Food Rescue' initiative allows cancelled orders to appear on the app for customers located within 3 km of the delivery partner holding the order

CCI probe finds Zomato, Swiggy breached antitrust regulations: Report

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

Zomato, Swiggy face CCI probe over allegations of favouring big chains

The CCI found that Zomato signed 'exclusivity contracts' for lower commissions, while Swiggy promised business growth to restaurants listing exclusively on its platform

Vendor delisted for mislabelling mushrooms at Hyperpure warehouse: Zomato

Zomato CEO Deepinder Goyal on Monday said the company has delisted the vendor responsible for putting "incorrect packaging date" on mushroom packets that were found during an FSSAI inspection at the Hyperpure warehouse in Hyderabad. During the inspection, a Food Safety and Standards Authority of India (FSSAI) team had reportedly found future-dated mushrooms at the warehouse concerned. Goyal clarified that the incorrect packaging date on the 90 button mushroom packets was due to a "manual typing error on the vendor's side". "Hello all - just want to clarify that the fssai team noted that 90 packets of button mushrooms had incorrect packaging date - these were already identified by our warehouse team and were rejected during an inward QC. This is not usual, and was due to a manual typing error on the vendor's side. Still, the concerned vendor has been delisted from our database. At Hyperpure, we have stringent inward guidelines and tech systems that helped our teams to identify this ..

Food delivery just got pricier: Swiggy joins Zomato with Rs 10 fee hike

Zomato has communicated that its festive season hike is temporary, whereas Swiggy has not offered any such clarification

Zomato raises platform fee to Rs 10 as festive season demand spikes

With a reported order volume of 647 million in FY23, the Re 1 increase could add Rs 65 crore to Zomato's annual revenue

What led Zomato to slip 5% despite 5x rise in Q2 PAT? CLSA ups target price

Zomato reported a 388 per cent year-on-year rise in second quarter net profit at Rs 176 crore, from Rs 36 crore in the year ago period

Stocks to Watch, Oct 23: Zomato, Adani Green, RIL, Indus Towers, IIFL Sec

Stocks to Watch, October 23, 2024: Zomato witnessed a consolidated revenue surge of 68.5 per cent year-on-year to Rs 4,799 crore, with a net profit soaring by 388.88 per cent to Rs 176 crore

Zomato Q2 results: Profit rises 5x to Rs 176 crore, revenue up 69%

The company has also received approval from its board of directors to raise up to Rs 8,500 crore via QIP of equity shares

Zomato Q2 results: Net profit rises to Rs 176 crore, misses estimates

The company also approved raising up to Rs 8,500 crore via the issue of shares in a qualified institutional placement

Zomato likely to post robust Q2 nos with 7x increase in PAT, say analysts

In Q2, investors will monitor any change in guidance from Zomato/Blinkit and the 'District' scale-up strategy

Zomato share price drops 5% on BSE on Friday; QIP, Q2 results in focus

Zomato share price: Zomato's fundraising plans come ahead of rival Swiggy's initial public offering (IPO)

Zomato board to consider raising funds via QIP ahead of Q2 results

If approved, this will be the first fundraise by the food delivery giant since its stock market debut three years ago

Zomato vs Swiggy: Macquarie compares food delivery, quick commerce biz

Zomato, Swiggy IPO: Swiggy, Macquarie said, seems to be 4-6 quarters behind Zomato in food delivery and quick commerce

More upside in Zomato's stock, but competition also rising in e-com sector

E-com platforms are likely to offer discounts and wider assortments during the festive season

$35 million to $29 billion: How Deepinder Goyal built the Zomato empire

In a recent interview, Deepinder Goyal talks about Zomato's journey, from soaring highs to challenging lows, with candid insights on surviving and thriving in the food delivery industry

Malls need to be 'more humane' towards delivery partners: Zomato CEO

Zomato CEO Deepinder Goyal on Sunday said malls need to be "more humane" towards delivery partners, sharing his first-hand experience as a delivery executive picking up orders for the food tech giant. The Zomato CEO and his wife Grecia Munoz, who changed her name to Gia Goyal on Instagram, earlier took on the role of delivery partners to deliver orders in Gurugram and get a first-hand experience of challenges faced by them. Sharing his experience in a social media post, Goyal said: "During my second order, I realised that we need to work with malls more closely to improve working conditions for all delivery partners. And malls also need to be more humane to delivery partners. What do you think?" The Zomato CEO tagged a video with the post elaborating upon the experience. "We reached Ambience Mall in Gurugram to pick up the order from Haldiram's. Was told to take the other entrance, and realised they are asking me to take the stairs. Went in again on the main entrance to make sure ..

Swiggy vs Zomato: Which is better investment bet? Morgan Stanley weighs in

Swiggy lags behind Zomato in some key segments, including food delivery and quick commerce, according to Morgan Stanley's analysis