Page 48 - Zomato

Top headlines: Zomato to invest in startups, Musk sells $1 bn in shares

Goldman Sachs is set to plow at least $30 billion into Asian alternative assets. More on that story in our top headlines this morning.

Zomato Q2 results: Loss widens 87% to Rs 430 cr as delivery costs go up

Consolidated revenue from operations rose 21 per cent sequentially to Rs 1,024 crore in Q2, against Rs 844 crore in the quarter ended June

Zomato Q2 net loss widens to Rs 434.9 cr; announces 3 key investments

Online food delivery platform Zomato on Wednesday reported widening of its consolidated net loss to Rs 434.9 crore for the quarter ended September 30, 2021, mainly on account of investments in the growth of its food delivery business. The company had posted a net loss of Rs 229.8 crore for the corresponding period of the previous fiscal, Zomato Ltd said in a regulatory filing. Consolidated revenue from operations of the company stood at Rs 1,024.2 crore for the quarter under consideration. It was Rs 426 crore for the same period a year ago, it added. "Why did our losses go up? This was due to investments in the growth of our food delivery business," Zomato Founder & CEO Deepinder Goyal and CFO Akshant Goyal said in a letter. The losses went up specifically due to three reasons -- increased spending on branding and marketing for customer acquisition, increased investments and growing share of smaller/emerging geographies in the company's business and increased delivery costs due to

Zomato invests $275 mn in four startups, will deploy $1 bn over two years

Propels Curefit to unicorn club by investing at $1.66 bn valuation

magicpin raises $60 million in Series D round led by Zomato

The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers

Zomato Q2 results: Consolidated net loss widens to Rs 435 cr

Consolidated revenue from operations rose 140% to Rs 1,024 cr; food delivery platform says the delivery cost per order increased by Rs 5 per order in Q2

Sensex dips 80pts, Nifty holds 18K; Nykaa ends 96% higher over issue price

Debutant Nykaa almost doubled from its issue price of Rs 1,125 at the day's high of Rs 2,248, and finally ended with a 96 per cent premium over its issue price

From high-street QSR to cloud kitchen unicorn: The Rebel Foods story

Inside Faasos' parent Rebel Foods' kitchens we see chefs understand automation, machines remember recipes

Govt aims big for LIC IPO, inspired by Zomato; eyes Rs 10 trn valuation

Valuers are expected to finalise embedded value of LIC this month

Zomato customer care agent schools customer on Hindi; Company fires staff

The restaurant aggregator and food delivery company on Tuesday apologised to a person, who alleged that he was denied refund by its customer care agent for not knowing Hindi

India a key driver in global IPO boom in the third quarter, says EY

547 IPOs the world over raised $106.3 bn in Q3 of CY2021, up 18% by deals than previous third-quarter record set in 2007 and 11% higher mop up than the last record setting third quarter in 2020

Busiest summer for Asia IPOs on record with $56 billion in deals

Busiest summer for Asia IPOs on record with $56 billion in deals

Sebi ruling on DVR cheers startups, but can it stop international listings?

Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights

Food aggregators see spike in number of user complaints: LocalCircles

Most complaints were about hygiene and quality. LocalCircles users complained of having received stale, expired or poorly packaged food when they ordered on aggregators' apps

GST Council extends concessions on certain Covid drugs till Dec 31: FM

The all-powerful GST Council on Friday extended concessional tax rates on certain Covid-19 drugs by three months till December 31

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

Gupta's exit doesn't warrant disclosure under listing regulations: Zomato

Online food delivery platform Zomato on Saturday said it did not disclose the exit of its co-founder Gaurav Gupta to the bourses

'The brightest person in the room': Meet Gaurav Gupta, co-founder, Zomato

Gupta, an Indian Institute of Technology and Indian Institute of Management graduate, worked at A T Kearney before joining Zomato

Sensex ends above 59K, up 418 points; Nifty tops 17,600; ITC rallies 7%

RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished

Stocks to watch: Hindustan Copper, Zomato, Wipro, HG Infra, telecom stocks

CEAT shareholders approved the issuance of NCDs up to Rs 500 crore on a private placement basis