Zomato has communicated that its festive season hike is temporary, whereas Swiggy has not offered any such clarification
Zomato said that hiking platform fees was not a rumor, as the source of information mentioned in the article is the Zomato mobile application itself.
With a reported order volume of 647 million in FY23, the Re 1 increase could add Rs 65 crore to Zomato's annual revenue
Zomato reported a 388 per cent year-on-year rise in second quarter net profit at Rs 176 crore, from Rs 36 crore in the year ago period
The company has also received approval from its board of directors to raise up to Rs 8,500 crore via QIP of equity shares
The company also approved raising up to Rs 8,500 crore via the issue of shares in a qualified institutional placement
Goyal, who has long expressed interest in health and wellness, has previously invested $10 million in Alpha Wave-backed Ultrahuman-a startup that makes health tracking wearables
In Q2, investors will monitor any change in guidance from Zomato/Blinkit and the 'District' scale-up strategy
The levy of such a fee is part of the state govt's draft notification on Platform-based Gig Workers (Social Security and Welfare) Bill, 2024
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