Page 26 - Zomato

Zomato launches AI chatbot for seamless food ordering for 'Gold' customers

Zomato claims that the chatbot can handle a range of user queries

Softbank sells 1.16% stake in Zomato, Navi MF files papers with Sebi

Navi Mutual Fund may soon join other peers in launching a balanced advantage fund

Zomato gains 5% after 100 mn shares change hands via block deal

As many as 100 million shares representing 1.2% of total equity of Zomato worth of Rs 947 crore changed hands on the National Stock Exchange.

Stocks to Watch, Aug 30: Zee Ent, Zomato, Suzlon, Lupin, Airtel, Unichem

Stocks to Watch today, August 30, 2023: Billionaire Sunil Mittal's backed telecom services provider Airtel Uganda Ltd plans to raise $216 million in an initial public offering (IPO)

Tiger Global, DST Global sell 1.8% stake in Zomato for Rs 1,412 cr

Tiger Global and billionaire Yuri Milner's DST Global on Monday sold a 1.8 per cent stake in online food ordering platform Zomato for Rs 1,412 crore through open market transactions. Axis Mutual Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, Founders Collective Fund, Morgan Stanley Asia Singapore and Societe Generale, among others were the buyers of the shares of Zomato. Tiger Global through its affiliate Internet Fund III Pte and DST Global through its investment vehicle Apolleto Asia Ltd offloaded the shares on BSE and NSE. According to the bulk and block deal data available with the two exchanges, Tiger Global offloaded a total of 12,34,86,408 shares on BSE, amounting to a 1.44 per cent stake while Apoletto Asia disposed of 3,19,80,447 shares or around 0.4 per cent shareholding in Zomato. The shares were sold in the range of Rs 90.10-91.01 apiece, taking the combined transaction value to Rs 1,411.99 crore. On Monday, shares of Zomato rose 1.53 per ce

Zomato gains 6% after over 55 mn shares change hands via block deals

At 09:15 AM; on the NSE around 31.98 million shares representing 0.39% of total equity of Zomato, while on the BSE, around 26.5 million shares or 0.31% stake of the company changed hands.

Japan's SoftBank will likely sell shares in India's Zomato: Report

U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had also received shares in Zomato after the acquisition

Zomato-Battery Smart partner to facilitate battery swapping for e-bikes

Online food ordering and delivery platform Zomato on Monday said it has partnered with Battery Smart to provide battery-swapping access to its delivery partners on the latter's network. Under the partnership, Zomato's delivery partners can get access to Battery Smart's existing network of over 800 swap stations across more than 30 cities, the company said in a statement. Battery Smart provides battery swapping networks for electric two and three-wheelers. "This association with Battery Smart adds further momentum to our commitment as our delivery partners can now leverage a vast and accessible network of battery swapping stations," Zomato COO, Food Ordering & Delivery Business, Rinshul Chandra said. Zomato has committed to 100 per cent EV adoption by 2030 and joined Climate Group's EV100 campaign, he added. Battery Smart co-founder Pulkit Khurana said the association with Zomato empowers new and existing delivery partners to join the EV revolution. India's food delivery market is

Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC

Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing

Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations

Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)

2 out of 3 firms paying for employees' upskilling programme: Scaler survey

The 2023 hiring survey stated that 72.02% of the respondents said that data science/algorithm is the most important skill

Govt plans to roll out welfare measures for gig workers ahead of elections

The government has not calculated the cost of the planned welfare measures as it must get data from the companies

Green shoots of profitability finally emerging among Startups in India

Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability

India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1

In the quarter ending March 2023, these four listed startups in SoftBank's portfolio together added over $100 million to the Vision Fund

Quick commerce gains traction as firms edge towards profitability

Blinkit to provide greater shareholder value than Zomato in a decade, says Deepinder Goyal; Zepto eyes cashflow positivity in a year

Zomato's 'surprise' faster profit timeline may help serve more gains

Zomato's food delivery revenue (excluding delivery charges) grew 17 per cent Q-o-Q and 28 per cent Y-o-Y

Zomato surges 14% as firm turns profitable for first-time in June quarter

Food aggregator platform company reported a consolidated profit after tax of Rs 2 crore compared to a loss of Rs 186 crore in the year-ago period.

Stocks to Watch on Aug 4: SBI, Zomato, Paytm, Airtel, M&M, Vedanta, GAIL

Stocks to Watch today, August 4: 2023: Food aggregator platform Zomato turned profitable for the first time ever in Q1FY24

Zomato tastes first ever profit at Rs 2 crore in Q1; revenue soars 71%

"Knowing what we know today, we believe we will continue to deliver over 40 per cent YoY top line (adjusted revenue) growth for at least the next couple of years," said Akshant Goyal

Zomato Q1FY24 results: Food delivery platform reports net profit of Rs 2 cr

Zomato's revenue from operations rose nearly 70.86% YoY to Rs 2,416 crore from Rs 1,414 crore last year