Page 16 - Zomato

Japan's SoftBank will likely sell shares in India's Zomato: Report

U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had also received shares in Zomato after the acquisition

Zomato-Battery Smart partner to facilitate battery swapping for e-bikes

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

Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC

Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing

Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations

Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)

2 out of 3 firms paying for employees' upskilling programme: Scaler survey

The 2023 hiring survey stated that 72.02% of the respondents said that data science/algorithm is the most important skill

Govt plans to roll out welfare measures for gig workers ahead of elections

The government has not calculated the cost of the planned welfare measures as it must get data from the companies

Green shoots of profitability finally emerging among Startups in India

Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability

India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1

In the quarter ending March 2023, these four listed startups in SoftBank's portfolio together added over $100 million to the Vision Fund

Quick commerce gains traction as firms edge towards profitability

Blinkit to provide greater shareholder value than Zomato in a decade, says Deepinder Goyal; Zepto eyes cashflow positivity in a year

Zomato's 'surprise' faster profit timeline may help serve more gains

Zomato's food delivery revenue (excluding delivery charges) grew 17 per cent Q-o-Q and 28 per cent Y-o-Y

Zomato surges 14% as firm turns profitable for first-time in June quarter

Food aggregator platform company reported a consolidated profit after tax of Rs 2 crore compared to a loss of Rs 186 crore in the year-ago period.

Stocks to Watch on Aug 4: SBI, Zomato, Paytm, Airtel, M&M, Vedanta, GAIL

Stocks to Watch today, August 4: 2023: Food aggregator platform Zomato turned profitable for the first time ever in Q1FY24

Zomato tastes first ever profit at Rs 2 crore in Q1; revenue soars 71%

"Knowing what we know today, we believe we will continue to deliver over 40 per cent YoY top line (adjusted revenue) growth for at least the next couple of years," said Akshant Goyal

Zomato Q1FY24 results: Food delivery platform reports net profit of Rs 2 cr

Zomato's revenue from operations rose nearly 70.86% YoY to Rs 2,416 crore from Rs 1,414 crore last year

Consumer cos implement all-weather strategies amid climate uncertainty

Erratic weather patterns prompt consumer firms to adopt climate-smart approaches, hiring experts and leveraging data to mitigate logistics and demand disruptions caused by extreme weather events

Zomato hits over 1-year high on extended buying; up 101% from 52-week low

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

Zomato, Paytm: New-age stocks hit multi-month highs; is there more upside?

New-age companies may rise up to 29 per cent in the forthcoming seasons as market sentiment improves amid record-breaking run in benchmark indies

Swiggy forms five-member dedicated team to work on artificial intelligence

The food and grocery delivery firm has already been experimenting with technology by using AI to create images of food products

Zomato temporarily halts new consumer onboarding on UPI payments app

Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UPI) services for some users in the country in partnership with ICICI Bank. "The UPI offering has been temporarily paused for new user onboarding, only to incorporate feedback received on the onboarding flow. We will start enrolling new users by the end of the month," a Zomato spokesperson said. UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI). The service facilitates transfer of money directly from the user's phones using a UPI PIN on supporting apps. Some of the top players offering UPI service in the country are Google Pay, Paytm and PhonePe.

Zomato temporarily suspends rollout of UPI enrolment for new users

The rollout is on hold as the company is working to improve the onboarding process