Page 29 - Zomato

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

Consumer cos implement all-weather strategies amid climate uncertainty

Erratic weather patterns prompt consumer firms to adopt climate-smart approaches, hiring experts and leveraging data to mitigate logistics and demand disruptions caused by extreme weather events

Zomato hits over 1-year high on extended buying; up 101% from 52-week low

The stock hit a 15-month high of Rs 86.37, gaining nearly 2 per cent on the BSE in Friday's intra-day trade

Zomato, Paytm: New-age stocks hit multi-month highs; is there more upside?

New-age companies may rise up to 29 per cent in the forthcoming seasons as market sentiment improves amid record-breaking run in benchmark indies

Swiggy forms five-member dedicated team to work on artificial intelligence

The food and grocery delivery firm has already been experimenting with technology by using AI to create images of food products

Zomato temporarily halts new consumer onboarding on UPI payments app

Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UPI) services for some users in the country in partnership with ICICI Bank. "The UPI offering has been temporarily paused for new user onboarding, only to incorporate feedback received on the onboarding flow. We will start enrolling new users by the end of the month," a Zomato spokesperson said. UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI). The service facilitates transfer of money directly from the user's phones using a UPI PIN on supporting apps. Some of the top players offering UPI service in the country are Google Pay, Paytm and PhonePe.

Zomato temporarily suspends rollout of UPI enrolment for new users

The rollout is on hold as the company is working to improve the onboarding process

Online sales in food, fashion fared better than offline in Q1FY23: Report

Nykaa is anticipated to record an 11% YoY increase in its fashion revenue while Zomato is expected to have outperformed the majority of QSRs

Chole Bhature, Biryani, Momos: What's India ordering most on Zomato?

North Indian cuisine dominates on Zomato with almost around 25 per cent contribution to both orders and gross merchendise value

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index

Zomato introduces open food trends data platform to aid restaurant partners

Online food delivery firm Zomato Ltd on Friday introduced an open data analysis platform for food trends aimed to help its restaurant partners in taking a data-driven approach on prices, dishes and location. Zomato Food Trends is an open platform accessible to the general public free of charge and it will "provide insights by analysing data from millions of transactions across hundreds of cities in India", the company said in a statement. "Restaurant partners can use these insights to customise their strategies and undertake data-driven decisions to accelerate and amplify their success," it added. It has been introduced with "an aim to support both current and budding restaurant partners in taking a data-driven approach towards decision making", the company said. The food trends platform allows its restaurant partners to view demand and supply gaps that have been zoomed in to a locality level, price distribution and demand trends for different dishes or cuisines, and demand-supply

Zomato keeps its lead over Swiggy, gross merchandise value jumps 26%

In its annual report earlier this week, Prosus - Swiggy's biggest investor with a 33 per cent stake in the company - indicated that Swiggy's losses jumped 80 per cent year-on-year (YoY) between Jan 1-

Zomato is now allowing its users to build multiple carts at one time

The feature, introduced as part of its latest app update, will help users to build carts from up to four restaurants

TVS, Zomato form alliance to ensure greener, cheaper last-mile mobility

As a part of the partnership, TVS will develop electricity-powered two-wheelers which will be used by Zomato delivery personnel