Page 50 - Zomato

Zomato's Q1 consolidated net loss widens to Rs 356 cr

Non-cash employee stock ownership plan expenses increased in the first quarter and also affected results, the company added

Stocks to watch: Zomato, Shree Cement, RIL, PNB Housing Fin, Indian Hotels

Allcargo group firm Gati Limited has appointed Pirojshaw Sarkari as its CEO, the company said on Monday

Zomato sets up payments aggregator in compliance with RBI guidelines

The company's Red Herring Prospectus in July had mentioned this development; the wholly-owned arm has an initial capital of 10,000 equity shares of Rs 10 each

HSBC sees 19% downside in Zomato stock; cuts rating to reduce

As life normalises post-COVID, HSBC predicts a sharp growth in volumes, led by office orders coming through. However, that would also mean AOVs moderating

Zomato's slim ad-spend sets marketing benchmark for firms seeking to list

Despite the frugal ad spends, Zomato's IPO managed to generate bids worth Rs 2.1 trillion

Zomato to launch unlimited free deliveries for select customers: CEO Goyal

Zomato Pro, which was earlier called Zomato Gold, was opposed by many restaurants in 2019

Zomato announces limited edition 'Pro Plus' membership for select customers

Online food delivery platform Zomato on Monday said it is launching a limited edition 'Pro Plus' membership for its select customers. "We have 1.8mn Zomato Pro members as of today. And one of the most requested features from our customers has been Unlimited Free Deliveries (something like Amazon Prime). So in a few hours, we are launching our Limited Edition *Pro Plus* membership for select customers," Zomato Founder and Chief Executive Officer Deepinder Goyal said in a tweet. The Pro Plus will have no surge fee, no distance fee, and all Pro benefits. "All Zomato Edition Black credit cardholders will automatically be upgraded to Zomato Pro Plus. Everybody else will need to buy the Pro Plus upgrade from the Zomato app. Fatafat le lena, baad mein shayad nahin milega" Goyal said in another tweet. Earlier in 2020, Zomato had launched an initiative to rechristen Zomato Gold to Zomato Pro.

Our portfolios are built around firms that sell essentials: Marcellus CIO

Saurabh Mukherjea says that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season

Zomato aside, Few loss making firms had post-IPO gains in past 10 years

While 51% of profit-making companies had positive returns one year after IPO, for companies that bore losses in at least one in the previous three years, the proportion was 30%

Zomato IPO has busted myths on startup listings: Info Edge's Bikhchandani

Bikhchandani wrote Zomato's first cheque of Rs 4.7 crore in 2010 and was its only investor in the first four funding rounds.

Expect time-wise correction in market for next few months: Nirav Sheth

'Earnings racing off a cliff have some upside risk and low-interest rates will support relatively high valuations'

Zomato listing: An Infosys moment?

The flood of money gushing into start-ups is a seminal moment for the markets, even if all this new capital is burned

Top headlines: Zomato's IPO impact; early bird firms' net profit up 71%

Business Standard brings to you the top headlines on Monday

'Zomato's stellar IPO to have positive impact on foodtech firms' valuation'

Apart from Swiggy, Zomato's biggest competitor, Rebel Foods, Dunzo, Ola Foods will also be fancying their chances of a blockbuster listing or more private equity funding, say experts

A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing

In a blog post titled "Letter from Deepi," he said Zomato will not alter the firm's focus for short term profits at the cost of the long term success of the company

Zomato listing to provide shot in the arm to startup ecosystem

Market players say strong stock market debut will prompt VC and PE firms to back more domestic startups, apart from motivating more unicorns to resist the temptation to list in the US

At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India

On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India

Zomato shares zoom 66% on listing day, settle at 126 apiece at closing bell

Stock now most expensive consumer and food company in India

Sensex adds 138 pts; Zomato ends 65% up over issue price at Rs 126 on BSE

The BSE MidCap and SmallCap indices, however, underperformed the benchmarks

Zomato ends 66% higher against issue price; m-cap crosses Rs 1-trn mark

The market capitalisation of the company touched Rs 1.08 trillion in intra-day trade today