Page 53 - Zomato

Numerous instances of delay in payment by Zomato, Swiggy: NRAI

NRAI said there have been numerous instances of delay in payment by Zomato and Swiggy which has affected the entire cash flow of its partners.

NRAI approaches CCI against 'anti-competitive practices' by Zomato, Swiggy

The National Restaurant Association of India (NRAI) on Monday said it has filed additional information with the fair trade regulator CCI alleging "anti-competitive practices" by Zomato & Swiggy. Earlier on July 5, the association had said that keeping the interest of restaurants in mind and how they have been affected by the "inherently anti-competitive practices" of Zomato and Swiggy, it had on July 1 filed information with the Competition Commission of India (CCI). In the additional information NRAI has filed, it has alleged that Zomato and Swiggy are charging a commission in the range of 25 to 35 percent of the order value in 2020-21 and there have been numerous instances of delay in payment by the two aggregators which have affected the entire cash flow of its partners. "Zomato & Swiggy are forcing restaurant partners to give discounts on their platforms to maintain good visibility on the platform. They have shifted the entire cost burden on the restaurants," it added. The

Zomato IPO: How do Indian food delivery players match up to global peers?

While there are a lot of questions on the minds of investors with respect to the medium-term growth, profitability & cash usage, FOMO factor should keep the excitement level high

Zomato is first IPO on Paytm Money's new pre-IPO open application feature

Paytm Money is the first digital broker in India to offer this functionality, and expects this to significantly increase the participation of retail users in IPOs via its platform

Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more

Shares of thermal power producers are likely to benefit from the rise in power demand, say analysts

Top headlines: Zomato investors expect IPO bonanza; bonds rally on RBI word

Zomato's major shareholders are set to make gains in the range of 50 per cent to 6,450 per cent with the company's IPO. More news in our morning wrap.

Zomato IPO a watershed moment for start-up ecosystem, say experts

The much talked about Zomato IPO is an encouraging sign for the start-up community

IPO may not change how we operate our biz: Zomato's co-founder & CFO

Most of our investors are looking at it as a long-term investment for five-ten years, no one else wanted to sell, says Akshant Goyal

Zomato's Rs 9,375-crore IPO to bring bonanza for Info Edge, Sequoia, Goyal

The existing shareholders of the company are set to make gains in the range of 50 per cent to 6,450 per cent on their investments

IPO-bound Zomato says it'll launch grocery delivery on its app soon

Zomato will introduce a grocery section on its app and confirmed its investment in Grofers.

High valuation of $8 billion makes Zomato's offer less appetising

Competitive intensity, customer acquisition costs likely to delay profitability

Zomato prices its IPO at Rs 72-76 per share; offer open between July 14-16

At the top end of the band, the company could raise Rs 9,375 cr and is valued at Rs 64,365 cr. Zomato's is the largest IPO in 16 months after SBI cards which raised Rs 10,355 cr

Food delivery firm Zomato prices $1.25 bn IPO at Rs 72-76 per share

Indian food delivery firm Zomato said on Thursday it would price its $1.25 billion initial public offering at 72 to 76 rupees per share, with the IPO set to open for subscription from July 14 to 16.

Zomato raises IPO size amid robust demand; issue likely to open on July 14

IPO price band likely to be Rs 70-72 per share

IPO deluge, muted Q1 show and Fed taper to weigh on FPI mood in near term

Large secondary sales likely as FPIs reallocate portfolios to IPOs; sharp rise in dollar could see them pull out of India

Top headlines: Zomato raises IPO size; 15 ministers inducted into Cabinet

Business Standard brings you top news of the day

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

Zomato's mega IPO gets Sebi nod, may hit market as early as this month

The company, backed by Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO

Top headlines: Bourses to pay for tech glitches; Zomato IPO gets Sebi nod

Awaiting bail for eternity, rights activist Stan Swamy passes away, Centre tells HC twitter no longer enjoys immunity from prosecution. Business Standard brings you the top headlines of the day

Info Edge gains 5% as Zomato gets Sebi approval for IPO

Info Edge to sell shares worth Rs 375 crore in Zomato IPO