Page 6 - Zomato

Zomato zooms past Swiggy in terms of growth in July, captures more market

Zomato and Swiggy are both leading industry players in the online food delivery market and quick commerce segment

Zomato shares worth Rs 5,438 cr sold in block deal, Antfin likely seller

Antfin Singapore Holding, which previously held a 4.3% stake in Zomato, will face a 90-day lock-in period before it can further dilute its equity following the sale

Ola Electric charges new-age stocks; Can Zomato, Paytm extend rally ahead?

New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.

Stocks to watch, Aug 20: Zomato, IndusInd Bank, Saraswati Saree Depot

Stocks to watch on August 20: According to reports, a significant deal is expected on Tuesday, with Antfin Singapore planning to sell 13.6 crore shares, representing 1.54 per cent of the total equity

Zomato up 6%, hits new high on improved results; zooms 91% from June lows

Zomato expects adjusted EBITDA margin of food delivery and quick commerce business to increase to 4-5 per cent over the medium term.

Qcom goes international to cash in on last-minute Raksha Bandhan gifting

Blinkit and Zepto are expanding their operations and offering consumers chances to win cars, iPhones, TVs, luxurious overseas stays

SoftBank VF1 reports $544 mn loss on Paytm exit, gains $65 mn on Zomato

The Japanese conglomerate recorded a $394 million gross gain from its $199 million investment in Policybazaar, and gain of $285 million on its $397 million investment in Zomato

Zomato allows customers to add cash delivery balance to their accounts

Zomato customers can now ask for the balance amount, if any, of cash on delivery orders to be added to their 'Zomato Money' account, and utilise it for placing future orders or dining out, CEO Deepinder Goyal said on Wednesday. He thanked Tata Group firm BigBasket for the inspiration behind the solution. "For cash on delivery orders, finding exact change can sometimes be inconvenient. Starting today, our customers can pay delivery partners in cash, and ask for the balance amount to be added instantly to their Zomato Money account. This balance can be used towards future delivery orders or dining out," Goyal said in a post on X, formerly Twitter. "Thank you @bigbasket_com for the inspiration for this solution, and our delivery partners (three of them are working as product managers with us) for insisting that we develop this asap," the Zomato CEO added. The online food delivery firm announced a significant increase in its consolidated net profit last week, reaching Rs 253 crore for

Zomato collected Rs 83 crore in platform fee from customers till March

Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24. "Adjusted Revenue as a percentage of GOV (gross order value), continued to increase primarily due to increase in restaurant commission take-rates, improvement in ad monetization and introduction of platform fee from Q2FY24 onwards," the report stated. All of these factors more than compensated for the reduction in customer delivery charge per order due to the free delivery benefit available on Gold orders, it added. Interestingly, most late night orders in the last fiscal year came from Delhi NCR, while most breakfast orders came from Bengaluru, Zomato shared in the report. The food delivery aggregator began levying platform fee at Rs 2

Zomato stock price can jump 33% from here, say analysts. Check key reasons

Zomato share price today: Zomato share price surged 19 per cent to a fresh record high of Rs 278.45 per shar intraday. Nearly 418.73 million shares changed hands on the counter on NSE & BSE on Friday

Blinkit targets 2,000 dark stores by 2026 end while profitable: CEO

The company has been expanding its dark store network at a rapid pace over the last few quarters

Zomato Q1 results: Profit jumps multifold to Rs 253 cr; revenue soars 74%

Zomato's revenue from operations rose 74 per cent year-on-year (Y-o-Y) to Rs 4,206 crore in Q1, up from Rs 2,416 crore a year ago

Zomato to launch new app 'District' to capture its 'going-out' market

The District app will include Zomato's dining-out business and incorporate additional use cases like movies, sports ticketing, live performances, shopping, and staycation

Zomato Q1 results: Net profit up at Rs 253 crore as Blinkit serves growth

Zomato's revenue surged 74 per cent to Rs 4,206 crore in the quarter, beating analysts' estimates of Rs 3,928 crore, per LSEG data

Zomato rolls out 'Brand Packs' to reward repeat orders from restaurants

Zomato's new 'Brand Packs' feature aims to boost customer loyalty for more than 4,000 restaurants on the food delivery platform

Swiggy, Zomato may hike platform fee further to Rs 10-15, say restaurants

Many restaurants ask for high commissions charged by food delivery platforms to be slashed

Zomato mcap reaches Rs 2 trn, delivers Deepinder Goyal billionaire tag

The food aggregator's share price touched a 52-week high of Rs 232 per share during intra-day trading, surging almost 200 per cent from the low of Rs 76.50 per share in July last year

Zomato raises platform fee, Kedarnath temple in New Delhi

Zomato increases platform fee to Rs 6 in Delhi, Mumbai, Bengaluru

Food-delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru. Its rival Swiggy, which had also increased the platform fee in select cities on Sunday, reverted to charging Rs 5 per order on Monday in Delhi, Mumbai and Bengaluru, as shown on its app. When contacted to ascertain the reasons for the hike, both Zomato and Swiggy declined to comment. The two companies had introduced platform fees last year, initially at Rs 2 per order, which has been increased gradually. Platform fee is treated as one of the ways in which food-delivery platforms are trying to increase their profitability, with a duopoly in place as Zomato and Swiggy are the key players in the segment.

Zomato's Deepinder Goyal enters elite billionaire club amid stock surge

Zomato's stock hit a new high on Monday, pushing its market cap over Rs 1.8 trillion, making Deepinder Goyal India's richest professional manager with Rs 8,300 crore net worth