Page 16 - Zomato

Zomato raises platform fee to Rs 10 as festive season demand spikes

With a reported order volume of 647 million in FY23, the Re 1 increase could add Rs 65 crore to Zomato's annual revenue

What led Zomato to slip 5% despite 5x rise in Q2 PAT? CLSA ups target price

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

Zomato Q2 results: Profit rises 5x to Rs 176 crore, revenue up 69%

The company has also received approval from its board of directors to raise up to Rs 8,500 crore via QIP of equity shares

Zomato Q2 results: Net profit rises to Rs 176 crore, misses estimates

The company also approved raising up to Rs 8,500 crore via the issue of shares in a qualified institutional placement

Zomato's CEO Deepinder Goyal launches health, wellness startup 'Continue'

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

Zomato likely to post robust Q2 nos with 7x increase in PAT, say analysts

In Q2, investors will monitor any change in guidance from Zomato/Blinkit and the 'District' scale-up strategy

Karnataka plans 1-2% levy on aggregator platforms like Swiggy, Zomato, Uber

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 drops 5% on BSE on Friday; QIP, Q2 results in focus

Zomato share price: Zomato's fundraising plans come ahead of rival Swiggy's initial public offering (IPO)

Stocks To Watch: IT stocks, Axis Bank, Bharat Forge, Zomato, CEAT, Tata cos

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.

Zomato board to consider raising funds via QIP ahead of Q2 results

If approved, this will be the first fundraise by the food delivery giant since its stock market debut three years ago

Zomato vs Swiggy: Macquarie compares food delivery, quick commerce biz

Zomato, Swiggy IPO: Swiggy, Macquarie said, seems to be 4-6 quarters behind Zomato in food delivery and quick commerce

Delhi or Bengaluru? Another CEO gives verdict on best city for startups

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

More upside in Zomato's stock, but competition also rising in e-com sector

E-com platforms are likely to offer discounts and wider assortments during the festive season

Kunal Bahl joins Shark Tank India 4 panel as Swiggy removes Deepinder Goyal

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

BigBasket, Urban Company lead in fair pay; most platforms fall short

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

$35 million to $29 billion: How Deepinder Goyal built the Zomato empire

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

Malls need to be 'more humane' towards delivery partners: Zomato CEO

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 vs Zomato: Which is better investment bet? Morgan Stanley weighs in

Swiggy lags behind Zomato in some key segments, including food delivery and quick commerce, according to Morgan Stanley's analysis

Can live events become the next big growth driver for Swiggy, Zomato?

Swiggy eyes expansion in India's booming Rs 10,400 crore live events market, while Zomato has also entered the live events market through its recent acquisition of Paytm Insider

Zomato co-founder Akriti Chopra resigns to pursue other interests

Online food ordering and delivery platform Zomato on Friday said its co-founder and Chief People Officer Akriti Chopra has resigned to pursue other interests. Designated as senior management personnel, Chopra has tendered her resignation, with effect from September 27, 2024, Zomato said in a regulatory filing. She has been with the company for 13 years and played a key role in setting up and scaling Zomato's legal and finance teams in her previous role as CFO. Before joining Zomato, she worked with PwC for three years in the tax and regulatory practice. In January last year, another Zomato co-founder and its then chief technology officer Gunjan Patidar resigned after over a decade stint in the company. Before that in November 2022, another co-founder Mohit Gupta had resigned. Gupta was elevated to co-founder level in 2020 from the position of CEO of its food delivery business.