Page 28 - Zomato

Zomato, Nykaa, Nestle, Dabur: Jefferies bets big on Gen Z boom in India

Jefferies expects Gen Z's income to increase 5x as they enter the workplace and are set to surpass Millennials by the end of the decade

Tiger Global sells 2.34% stake in Zomato, sells 185 million shares

Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 per cent in the online food delivery platform before the sale

Zomato gains 6%; stock rebounds 21% from Wednesday's low

American ride-hailing giant Uber, on Wednesday, sold its entire 7.78 per cent stake in domestic food-delivery company Zomato to mop up Rs 3,088 crore

Uber sells entire stake in Zomato; pockets Rs 3,088 cr, makes 2.4x returns

Fidelity Investment Trust Fidelity Series Emerging Markets Fund bought 54.4 mn shares worth Rs 274 cr and ICICI Prudential Life Insurance bought another Rs 226 crore, showed block deal data

Indian start-ups' road to profitability

Indian startups are shedding the extra flab put on during the days of easy money. Layoffs and cost restructuring are the only way out for them now. They are shifting from growth to profitability now

Zomato shares close on a flat note after falling sharply in early trade

In morning trade, the stock had slumped 9.62 per cent to Rs 50.25 on the BSE. Later, it recovered most of the lost ground and ended at Rs 55.40 apiece, lower by 0.36 per cent.

Zomato says 'not privy' to shareholders' plan as Uber sells 7.8% stake

After Uber sold its 7.8 per cent stake worth over $390 million in Zomato, the Deepinder Goyal-run company said on Wednesday it is not privy to what its shareholders are doing with their shares.

Zomato stock drops as 612 million shares go for sale on discount

The selling undisclosed shareholder in the block trade offered the stock at between Rs 48 and Rs 54 a piece

Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea

Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.

Brokerages expect better appetite for Zomato stock after strong Q1

It jumps 20% after a strong Q1 showing; analysts turn bullish indicating an upside of 60%

Uber likely to exit Zomato on Wednesday; puts entire 7.8% stake on block

Share sale could fetch as much as Rs 3,300 cr

Uber likely to sell stake in Zomato in mega block deal tomorrow: Report

The offer size of $373 million was based on the lower end of a Rs 48-Rs 54 price range set for the block deal, shows a document

Zomato, Blinkit to cross-leverage customer bases soon: Deepinder Goyal

Tech integrations between the two companies will accelerate the pace of progress at both ends, he added.

Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%

CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance

Zomato soars 9% as net loss narrows to Rs 186 cr in June quarter

The contribution as a percentage of gross order value (GOV) increased to 2.8 per cent in Q1FY23, against 1.7 per cent in Q4FY22, driven by improvements on both cost and revenue sides.

Stocks to Watch: ITC, Zomato, Eicher Motors, Hero Moto, Voltas, Telcos

Stocks to Watch today: Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore

Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more

Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal

Zomato's loss eases to Rs 186 cr in Q1; revenue up 67% to Rs 1,413 cr

Revenue for the June 2022 quarter came in at Rs 1,413.9 crore, up 67.45 per cent YoY and 16.7 per cent quarter-on-quarter (QoQ)

Zomato's growing appetite: Moves to multiple-CEO structure for biz

The restructuring is happening after the shareholder approved the Blinkit acquisition

Zomato plans new management structure, with multiple CEOs: Internal memo

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