Notable exits in 2024 included EQT and Temasek selling O2 Power to JSW Neo Energy for $1.5 billion, Swiggy raising $1.3 billion via an initial public offering (IPO) and providing exits to 360 ONE
Representatives of NRAI highlighted challenges faced by the restaurant and food industry, minister assures support
Quick commerce platforms like Blinkit, Instamart, and Zepto have become household names, delivering groceries and essentials in record time.
The stock hit a new low of Rs 339.45; fell 45% from its 52-week high of Rs 617 touched on December 23, 2024 and quoted 13% below its issue price of Rs 390 per share.
Zomato's revenue from operations stood at Rs 5,405 crore compared to Swiggy's Rs 3,993 crore
In Q3, Swiggy's consolidated loss widened to Rs 799 crore as compared to Rs 574.4 crore a year-ago period
Stocks to watch on Thursday, February 6, 2025: Here is the complete list of stocks to watch during Thursday's trading session
Swiggy's food delivery business gross order value (GOV) grew 19.2 per cent Y-o-Y to Rs 7,436 crore
Swiggy Q3FY25 results: During the same period last year, the food delivery platform had reported a loss of Rs 574.4 crore
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
Analysts and investors will keep an eye on Instamart's gross order value (GOV) and average order value (AOV) growth, dark store additions, and margins
Swiggy share price fell 5 per cent to Rs 389.25 on the BSE in Tuesday's intraday trade, falling below its issue price of Rs 390 per share.
Both Zomato and Swiggy have defended their quick delivery services and are working to dispel fears of data exploitation
Restaurant body to strengthen ONDC presence amid private labelling and high commission woes
Zomato's management expects the losses in Blinkit to continue in the near term, due to aggressive store expansion.
The Nifty Next 50 index is regarded as a pool of potential candidates for the flagship Nifty 50 index
The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc
The app is available on Apple's App Store and is currently ranked 12th in the food and drinks section
Restaurants body NRAI is also exploring legal routes and is likely to knock on the doors of the Competition Commission of India to address issues related to private labelling
The CCI had ordered an investigation by the Director General (DG) into the conduct of the food delivery aggregators, the details of which are yet to be made public