Goyal assured candidates that the chief of staff position will come with an annual salary of at least Rs 5 lakh ($60,000) from the second year if things work out
With new-age companies delivering healthy September quarter results, analysts still remain on a wait-and-watch mode. Here's why
Zomato has also been rolling out new features, including scheduled delivery, option to grab canceled orders at discounted prices
Swiggy has finally made its debut on the stock market, and with Zomato’s impressive track record, we’re here to find out. Can Swiggy really keep up with its rival Zomato? Watch the video to find out.
LIC, Zomato, Dmart among largest firms in the list of 45 stocks
The NSE has approved the addition of 45 new stocks to the F&O; technical chart suggests that these 5 including the likes of Paytm, Zomato and Adani Total Gas can zoom up to 27% from present levels.
Key catalysts, according to them include improvement in Instamart profitability, acceleration in platform Monthly Transacting User (MTU) additions, and reversal of market share losses
In a kind gesture, Zomato CEO Deepinder Goyal on Wednesday congratulated rival Swiggy on its stock market debut, whose shares got listed at a premium of nearly 8 per cent on the NSE. "Congratulations @swiggy! Couldn't have asked for a better company to serve India with..," Goyal said in a post on X, tagging another post by Zomato which said, "You and I... In this beautiful world @Swiggy". Swiggy got listed at Rs 420, a jump of nearly 8 per cent from the issue price on the NSE. The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription. Marking its stock market debut, Swiggy rolled out an ad film encapsulating the brand's ethos and the decade-long journey that led to the milestone. In a tribute to the backbone of Swiggy's operations, two of the company's delivery partners, Jigar Khan and Namrata Vora, were invited to join Swiggy's Co-Founders and Management Team on stage at the National St
Zomato shared a social media post featuring a banner announcing Swiggy's listing, the post shows a friendly nod between the two food delivery applications
The National Stock Exchange of India (NSE) on Tuesday said it has inked a pact with online food delivery platform Zomato to promote financial literacy and investor awareness programmes among the gig economy workers. This partnership aims to launch an extensive financial literacy and investor awareness drive, specifically designed for Zomato's delivery partners, impacting the lives of over 50,000 gig workers across the country, NSE said in a statement. As a part of the pact, fundamental aspects of personal finance management and the basics of investing will be covered. Topics will include budgeting, saving, investing, debt management, and insurance, among others. To ensure accessibility and inclusivity, the programme will be conducted in multiple regional languages, catering to a diverse audience among the gig workforce. "This partnership with Zomato is a significant step in expanding our outreach to a critical segment of the workforce that drives the digital economy. By equipping .
Zomato has recently introduced a new feature called ‘Food Rescue’ that aims to reduce food wastage by allowing nearby customers to buy cancelled orders at a discount. Watch the video to know more.
Swiggy and Zomato, India's top delivery platforms, are branching out beyond core food and grocery services. Swiggy's 'Yello' marketplace and Zomato's concierge model lead new initiatives
Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform
To curb food wastage, Zomato's 'Food Rescue' initiative allows cancelled orders to appear on the app for customers located within 3 km of the delivery partner holding the order
The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024
The CCI found that Zomato signed 'exclusivity contracts' for lower commissions, while Swiggy promised business growth to restaurants listing exclusively on its platform
The Rs 2,000-crore acquisition was finalised in Q2, with Shreyas Srinivasan leaving Insider in August and marking his last day at Paytm on Monday
Zomato CEO Deepinder Goyal on Monday said the company has delisted the vendor responsible for putting "incorrect packaging date" on mushroom packets that were found during an FSSAI inspection at the Hyperpure warehouse in Hyderabad. During the inspection, a Food Safety and Standards Authority of India (FSSAI) team had reportedly found future-dated mushrooms at the warehouse concerned. Goyal clarified that the incorrect packaging date on the 90 button mushroom packets was due to a "manual typing error on the vendor's side". "Hello all - just want to clarify that the fssai team noted that 90 packets of button mushrooms had incorrect packaging date - these were already identified by our warehouse team and were rejected during an inward QC. This is not usual, and was due to a manual typing error on the vendor's side. Still, the concerned vendor has been delisted from our database. At Hyperpure, we have stringent inward guidelines and tech systems that helped our teams to identify this ..
India's quick commerce sector has seen an astonishing growth rate, with sales increasing by more than 280 per cent over the past two years
Swiggy does not want a bad IPO, a source said. Its last funding round, led by Invesco, valued it at $10.7 billion in 2022