Market boom, success of global start-ups key drivers
The VC fund will undertake governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation
Goyal was granted ESOPS by Zomato's investors and board based on his performance right before the company went public last year
Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.
Shares of Zomato hit a new low of Rs 64.70, down 7 per cent on the BSE in Wednesday's intra-day trade
ONDC could transform e-commerce in India
Not every enterprise Business Standard spoke to had it as good as Swiggy or Zomato, and some even saw their very business models at risk. But all feel the post pandemic era holds a lot of promise
Shares of food delivery company Zomato hit a new low of Rs 74.65, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has dropped 6 per cent in the past two trading days.
Foodtech major introduces 100 per cent plastic neutral deliveries
food delivery platform Zomato on Friday announced 100% 'plastic neutral deliveries' from April 2022 onwards, while also setting a target to deliver more than 10 crore orders in sustainable packaging.
Restaurant management platform raises $24mn in series B funding
Zomato added that it would work closely with its restaurant partners to establish the genuineness of any complaint received
Budget restaurants and small cloud kitchens may be hit the hardest; NRAI to highlight concerns in a letter to Zomato management
Downdetector, a platform that collects status reports from a series of sources, recorded 3,619 reports of outage against Zomato at 2:05 PM and 771 against Swiggy at 2:21 PM
Twitter posts were flooded with complaints from users unable to place orders or browse menus and listings.
Competition watchdog to probe Swiggy and Zomato for alleged unfair practices with respect to pricing and listing of restaurants on their platforms
Business Standard brings you the top headlines on Tuesday
In the past three months, Zomato has underperformed the market by falling nearly 40 per cent, as compared to a 0.4 per cent rise on the S&P BSE Sensex.
CCI said allegations such as delayed payment cycle, imposition of one-sided clauses and exorbitant commission require investigation
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations