Page 38 - Zomato

How a startup in Pakistan folded just a year after raising $85 million

Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce

Zomato's new pilot on inter-city food delivery is not an easy nut to crack

Last week, Zomato said it is foraying into the same model, piloting food delivery with 'Intercity Legends'

Tech companies likely to lead primary market revival in India: HSBC

Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.

'Middlemen' Swiggy, Zomato win once again, restaurants bear the brunt: NRAI

Association details the impact the new discount programmes of these two entities could have on eateries

Zomato, Swiggy discount progs against interest of restaurant owners: NRAI

The National Restaurant Association of India has written an advisory to its members against Zomato Pay and Swiggy Diner discount programmes saying these are against the interest of restaurant owners. The advisory alleges that 'middlemen' Zomato and Swiggy are making money at the cost of restaurants, who sign up to be on the Zomato Pay and Swiggy Diner programmes by making them compulsorily offer discounts and also pay commission fee on every transaction on these platforms. "Zomato Pay and Swiggy Diner both operate broadly on the same construct -- no cost/subscription fee to the customer to participate; restaurants must compulsorily offer a discount in the range of 15-40 per cent to be part of the program," NRAI wrote to its members. Further, it said, "Restaurants must also compulsorily pay a commission in the range of 4-12 per cent on every transaction made via the respective payment gateway to Zomato or Swiggy", while competing payment gateway charges are 1-1.5 per cent only. NRAI

Quick commerce not just a fad, here to stay, says Jefferies report

The Jefferies report was based on a visit to one of Blinkit's dark stores in NCR

BSE 200: Adani stocks outperform indices, Zomato down 57.8% in 2022 so far

Top gainers have surged between 50% and 315%, while new-age tech companies, such as Zomato and PB Fintech, have lost half their market value

High commissions by Swiggy, Zomato have restaurants turning to alternatives

New players like Thrive and DotPe, which charge less, are emerging as alternatives

Zomato launches 'intercity legends', now order from anywhere in India

Order popular, authentic dishes from anywhere and have them delivered to your doorstep

Zomato to focus on food delivery, Hyperpure and quick commerce: Chairman

Online food delivery platform Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, company Chairman Kaushik Dutta said on Tuesday. In his address to shareholders at the company's annual general meeting, Dutta said the move was part of strategy to focus "only on areas that have the potential to become meaningfully large businesses ten years from now". In FY22, he said Zomato was able to achieve strong top line growth while keeping its "adjusted EBITDA burn under control", despite multiple challenges such as disruptions due to Covid-19 pandemic, macro-economic uncertainty, rising inflation, fuel prices, among others. This year after reflecting on the strategic priorities as a company, given the size and scale of the platform now, Dutta said it was decided that the focus would be only on areas that have the potential to become meaningfully large businesses ten years from now. Subsequent

Swiggy Instamart delivered 50 mn egg, 30 mn milk orders in past two years

Some 62,000 tonnes of fruits and vegetables were ordered on Instamart during the past year. This is the weight of about 15,500 Asian elephants, Swiggy said

Zomato integrates grocery delivery via Blinkit on main app in pilot test

The pilot test is currently being organised at select circles in Delhi-NCR, and after analysing the response, it will be expanded to other cities as well, according to company sources.

Sequoia Capital cuts Zomato holding to 4.4%, sells 172 mn shares

Sequoia Capital India Investments IV also received 45,153,346 incremental equity shares on August 10 owing to the acquisition of quick-commerce delivery platform Blinkit

India's e-commerce firms hire more delivery workers for shopping season

Gig work employment, of which delivery workers and salespersons form a large chunk, is expected to reach 9.9 million in India in 2022-23, up about 45% from 2019-20

Stocks to watch: Infosys, RBL Bank, HDFC Bank, Zomato, Sobha, L&T

Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.

Zomato discontinues premium membership, aims to craft a new programme

The development comes at a time when Zomato acquired quick commerce company Blinkit on June 29 for Rs 4,447 crore in an all-stock deal

Zomato stops renewals and new sign-ups on Zomato Pro: What has changed?

The spokesperson of Zomato said that they are working on a new program and are working closely with the customers as well as the partners for the same

Zomato apologises over Hrithik Roshan's controversial 'Mahakal thali' ad

After facing flak over their latest advertisement featuring Hrithik Roshan, food delivery platform Zomato issued an apology for hurting people's sentiments

Zomato-owned quick commerce firm Blinkit pilots print out service

Blinkit is charging an amount of Rs 9 per page for black and white printing and Rs 19 for coloured, according to media reports

Zomato-owned Blinkit to deliver printouts at your home in 10 minutes

Zomato-owned Blinkit on Thursday announced to deliver printouts at your doorsteps in 11 minutes, a move that will be useful for parents and working professionals alike.