Page 54 - Zomato

Zomato seeks CCI nod for 9.3% stake in e-grocery major Grofers

Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.

Zomato's $100 million investment to turn Grofers into unicorn: Report

Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake

Will increase women delivery staff by 10% by year-end, says Zomato

Online food ordering platform Zomato on Friday said it will increase the number of women in its delivery service to 10 per cent by the end of the year as part of its workplace inclusivity initiatives. In a blog on its website, Zomato founder Deepinder Goyal said at present only about 0.5 per cent of its delivery partners are women. "Today, we are taking our first step towards increasing the participation of women delivery partners in our fleet. To begin with, we have set ourselves a goal of reaching 10 per cent participation by the end of 2021 starting with Bengaluru, Hyderabad, and Pune," he wrote. Stating that Zomato has always been "about being a more inclusive workplace", he said, "So far, our inclusive workplace initiatives haven't taken into consideration the fact that only about 0.5 per cent of our delivery partners are women." Goyal, however, said adding more women to the delivery fleet "is not as simple as just targeting more women for this job. That's because our policies

Info Edge dips 2% on disappointing March quarter results

ICICI Securities believes Info Edge will be a key beneficiary of a shift of advertising to the online medium

Zomato names Chief People Officer Akriti Chopra as co-founder ahead of IPO

Not the first time Zomato has made an exec a co-founder; Mohit Gupta, CEO of food delivery business and Gaurav Gupta, COO, were so named earlier

Zomato IPO: Investors looking for clear path to profitability, say analysts

Investors are concerned that Swiggy, given its unlisted status, may have less investor pressure on profitability versus Zomato

Sick of dal-roti? Opt for delivery options that bring the restaurant home

You can get anything from pizzas to parathas in a box, with cloud kitchens, delivery apps and even home chefs delivering on the promise of hygiene, safety and health

India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies

Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said

Paytm plans to launch India's biggest IPO, aims to raise $3 billion

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan

Zomato begins vaccination drive for 150,000 frontline staff and employees

Initiative will start in Mumbai and Bengaluru, and then be taken other cities next week

Zomato IPO will test Indian investors' unicorn appetite: Analyst's note

Company faces competition in a food services market that is yet to reach global scale.

Sebi vets stake control in Zomato's IPO papers for China firm's role

Regulator scans startup's prospectus to check if Jack Ma's Ant group will be issued bonus shares/rights shares.

India vs US listing: Zomato may be test case for start-ups waiting in wings

The IPO will be a litmus test on whether domestic investors have the patience and maturity to deal with loss-making tech companies

Beyond the bottom line: The journey of newsmaker Deepinder Goyal

In FY21, the founder & CEO of Zomato took a steep pay cut from an annual Rs 3.5 crore to Rs 1.6 crore and waived his salary for 36 months starting April 1, 2021

Info Edge's early investment in Zomato set to deliver sweet returns

According to the DRHP filed by Zomato as part of its initial public offering plan, Info Edge currently owns 1.244 billion shares at an average cost of Rs 1.16 each

IPO Street: Zomato proposed offering ranks third on the league table

The largest-ever fresh fundraising through an IPO was by Reliance Power at Rs 10,123 crore in 2008

Zomato's Rs 8,250-crore IPO can deliver boost to consumption sector

Projections suggest online food delivery market should grow to $22 billion by 2025

Zomato eyes raising $1.1 bn through initial public offering, files DRHP

The IPO offer includes a fresh issue by the company worth Rs 7,500 crore, and and an offer for sale by the selling shareholder Info Edge

Zomato's revenue from operations doubles to Rs 2,604 cr amid pandemic

But losses widened by 136% in FY20; company says Covid impacted food delivery business in Q1FY21

Zomato launches home-style meals on app for those battling Covid-19

Feature is being added to locations covering 85% of its order volume