Zomato share price: Zomato's fundraising plans come ahead of rival Swiggy's initial public offering (IPO)
Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.
If approved, this will be the first fundraise by the food delivery giant since its stock market debut three years ago
Zomato, Swiggy IPO: Swiggy, Macquarie said, seems to be 4-6 quarters behind Zomato in food delivery and quick commerce
Following Zomato CEO Deepinder Goyal's remark on Delhi being a better option for startups, Bombay Shaving Company CEO Shantanu Deshpande has also seconded Goyal
E-com platforms are likely to offer discounts and wider assortments during the festive season
The co-founder of Snapdeal, Kunal Bahl, replaces Zomato CEO Deepinder Goyal in the fourth season of Shark Tank India. The premiere date is yet to be revealed
Booming gig economy, dismal pay: Fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses
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
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 lags behind Zomato in some key segments, including food delivery and quick commerce, according to Morgan Stanley's analysis
Swiggy eyes expansion in India's booming Rs 10,400 crore live events market, while Zomato has also entered the live events market through its recent acquisition of Paytm Insider
Online food ordering and delivery platform Zomato on Friday said its co-founder and Chief People Officer Akriti Chopra has resigned to pursue other interests. Designated as senior management personnel, Chopra has tendered her resignation, with effect from September 27, 2024, Zomato said in a regulatory filing. She has been with the company for 13 years and played a key role in setting up and scaling Zomato's legal and finance teams in her previous role as CFO. Before joining Zomato, she worked with PwC for three years in the tax and regulatory practice. In January last year, another Zomato co-founder and its then chief technology officer Gunjan Patidar resigned after over a decade stint in the company. Before that in November 2022, another co-founder Mohit Gupta had resigned. Gupta was elevated to co-founder level in 2020 from the position of CEO of its food delivery business.
The quick commerce vertical's GOV is already at 40 per cent of food delivery GOV, despite being launched six years later
As investors await further details for this buzzing IPO, here are some of the key details related to Swiggy, as outlined in the DRHP papers
Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.
BookMyShow files police complaint
Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon. "We believe that we have a strong case on merits and the Company will be filing an appeal against the order before the appropriate authority," Zomato said in a regulatory filing. The order is for the period April 2021 to March 2022 passed by Assistant Commissioner of Revenue, Government of West Bengal confirming demand of GST of Rs 11,12,79,712 with interest of Rs 5,46,81,021 and penalty of Rs 1,11,27,971. "The Company in its response to the show cause notice had clarified on the issue along with relevant documents and judicial precedents, which appears to not have been appreciated by the authorities while passing the order," Zomato ...
Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato
Consumers are generally paying more while ordering food from online platforms and apps compared to eating at the same restaurant from which they order online