So far in calendar year 2025, Zomato's share price has dropped 19.62 per cent on the BSE, while Swiggy's has tumbled 33.29 per cent
Technical charts show that Tanla Platforms, Mazagon Dock have given a fresh breakout on the daily charts; these 2 stocks along with BSE, Zomato and GR Infra can potentially rally another 24 per cent.
Food delivery aggregator Zomato may face an insolvency plea as one of its operational creditors has moved the National Company Law Tribunal (NCLT), seeking restoration of its previous petition. Nona Lifestyle Pvt Ltd, an operational creditor, has moved NCLT requesting to restore an insolvency plea filed by it earlier against Zomato Ltd under Section 9 of the Insolvency & Bankruptcy Code in 2024. In 2024, NCLT had dismissed it due to non-prosecution and now Nona Lifestyle has requested to restore its old petition. It has filed an application under Rule 11 of NCLT Rules, 2016, which provides the tribunal inherent power that can also be used for restoration purposes. It has requested the Delhi-based NCLT bench "to admit the accompanying application and pass an order for initiating the CIRP against the Corporate Debtor (Zomato) here in under Section 9". CIRP stands for Corporate Insolvency Resolution Process. The matter was listed on Monday before a two-member bench of the NCLT, ...
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It is worth noting that Rapido on behalf of Swiggy already does food delivery, as the latter is an investor in the ride-sharing startup
The stock hit an intra-day low of Rs 199.75 and has corrected 34% from its 52-week high of Rs 304.50 on concerns around increasing cash burns in Quick Commerce.
Zomato rebrands as Eternal Ltd, signaling expansion beyond food delivery, while its app and brand remain unchanged
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Goyal's statement is verifiably untrue, and it will be clear when we publicly file our financial statements, Palicha added
In a recent interview, Zomato founder Deepinder Goyal claimed that quick-commerce platform Zepto burned Rs 2,200-2,300 crore last quarter
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The use of analogue paneer by food joints has sparked concern, especially in urban areas where many rely on food deliveries and restaurant meals
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Quick commerce platforms like Blinkit, Instamart, and Zepto have become household names, delivering groceries and essentials in record time.
Zomato's revenue from operations stood at Rs 5,405 crore compared to Swiggy's Rs 3,993 crore
The change of name is subject to the approval of shareholders, the corporate affairs ministry, and other statutory authorities
The rebranded Eternal Ltd will now oversee four key businesses: Zomato, Blinkit, Hyperpure, and District
30 candidates received job offers, of which 18 have joined Zomato and its group companies
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