Page 50 - Zomato

Zomato to stop grocery deliveries from Sep 17 due to poor order fulfillment

The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts

Swiggy sets up development centre in Gurgaon, home turf of rival Zomato

The centre in Gurgaon will focus on building platforms and applications that will improve the overall experience of Swiggy's more than 150,000 restaurant partners across 500 cities and towns in India

Zomato hits new high of Rs 150, zooms 98% over issue price of Rs 76

A sharp rally in stock price helped Zomato surpass personal products companies like Godrej Consumer Products and Dabur India in overall market capitalisation ranking

August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers

Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept

Zomato share price falls 8% as lock-in period for anchor investors end

The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher

An $8.8 bn IPO wave sweeps across India as investors bet on startups

The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July

Newly listed Indian stocks beat benchmark, helped by crowded IPO market

A gauge of firms that listed in the past two years has outperformed the Nifty 50 Index by more than 40 percentage points this year, the biggest gap since 2014

Competition Commission approves Zomato buying 9.3% stake in Grofers India

The Competition Commission has approved online food delivery platform Zomato's proposed purchase of 9.3 per cent stake in online grocery shopping player Grofers India

Street willing to bet purely on Zomato's topline growth after Q1 results

In Q1FY22, losses also expanded due to non-cash ESOP expenses, which will continue going forward

Zomato's Q1 show drives stock 9% higher; analysts remain divided on outlook

Analysts believe a strong topline growth is what enthused investors, pushing them to lap up Zomato shares

BSE clarifies on Price Band rule; Sensex ends flat, SmallCap index down 1%

The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.

Stocks to watch: Zomato, Voda Idea, Power Grid, RattanIndia Entp, GMR Infra

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

Zomato Q1 net loss widens to Rs 356 crore; revenue rises to Rs 844 crore

Revenue from operations in Q1 rose to Rs 844.40 crore from Rs 266 crore a year ago

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.