It is worth noting that Rapido on behalf of Swiggy already does food delivery, as the latter is an investor in the ride-sharing startup
The stock hit an intra-day low of Rs 199.75 and has corrected 34% from its 52-week high of Rs 304.50 on concerns around increasing cash burns in Quick Commerce.
Zomato rebrands as Eternal Ltd, signaling expansion beyond food delivery, while its app and brand remain unchanged
Stock market today: Pan-Indian average cement prices have risen for three consecutive months. In February, prices increased by ₹3 per 50 kg bag (up 1% M-o-M and 2% Y-o-Y) to ₹374 per bag
Goyal's statement is verifiably untrue, and it will be clear when we publicly file our financial statements, Palicha added
In a recent interview, Zomato founder Deepinder Goyal claimed that quick-commerce platform Zepto burned Rs 2,200-2,300 crore last quarter
NSE indices rejig is part of a semi-annual review, the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index will lead to selling pressure of over Rs 2,000 crore
The use of analogue paneer by food joints has sparked concern, especially in urban areas where many rely on food deliveries and restaurant meals
Nugget is an AI-powered, no-code customer support platform designed to help businesses scale their support operations effortlessly
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.
Zomato's revenue from operations stood at Rs 5,405 crore compared to Swiggy's Rs 3,993 crore
The change of name is subject to the approval of shareholders, the corporate affairs ministry, and other statutory authorities
The rebranded Eternal Ltd will now oversee four key businesses: Zomato, Blinkit, Hyperpure, and District
30 candidates received job offers, of which 18 have joined Zomato and its group companies
It added that two-wheeler major Hero MotoCorp might succeed in holding its position narrowly in the 50-share index
Technical charts shows that shares of ITC, Bata India, Campus Activewear, Kaveri Seed and Zomato are on the brink of a positive breakout; hence can potentially rally up to 22% in the near-term.
Rivaling Swiggy's Bolt service, food aggregator Zomato has also launched its 10-minute food delivery offering called Zomato Quick
These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.
Bistro, company's instant food delivery app, is not a private label, he says in email