Tue, Oct 29, 2024
Swiggy's last funding round, led by Invesco in 2022, valued the company at $10.7 billion, underscoring investor confidence despite ongoing sector-wide cash burn and profitability hurdles.
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Thu, Oct 24, 2024
Online food delivery platforms Zomato and Swiggy have hiked platform fee in certain cities in the midst of festive season.
Wed, Oct 23, 2024
Zomato's stock has skyrocketed 135 percent in the last year, significantly outperforming the Nifty's 28% rise, offering investors remarkable returns and solidifying its position as a market favorite.
Thu, Nov 30, 2023
Zomato share price NSE, Zomato block deal news: Chinese third-party mobile and online payment platform Alipay offloaded its entire stake in food delivery giant Zomato in a block deal on Wednesday.
Wed, Nov 29, 2023
The Indian stock market marked a new feat in Wednesday’s session as the market capitalisation of the BSE-listed companies crossed the $4 trillion mark
Established in 2004 by Alibaba Group and its founder Jack Ma, Alipay is a third-party mobile and online payment interface that aims to amass US$ 395 million.
Fri, Nov 24, 2023
Zomato share price: The Morgan Stanley AlphaWise survey carries out proprietary evidence research to validate investment theses on behalf of Morgan Stanley analysts.
Mon, Nov 06, 2023
Both headline indices ended around one per cent stronger, with the Nifty gaining 181.2 points to 19,411.8 and the Sensex rising 594.9 points to settle at 64,958.7.
Zomato shares hit a fresh 52-week high on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from buy rating. The brokerage cited acceleration in gross order value (GOV) and improvement in profitability as reasons for the upgrade. Zomato reported Rs 36 crore as net profit in Q2 FY24, against Rs 251 crore loss in Q2 FY23. GOV grew 20% YoY in food delivery and 86% in quick commerce in Q2 FY24. Monthly transacting customers (MTC) and use frequency also increased.
Zomato share price NSE: Zomato shares rallied over six per cent to clock a fresh 52-week high of Rs 123.9 apiece on the NSE on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from a 'buy' rating.
Sat, Nov 04, 2023
Zomato CEO Deepinder Goyal said that Blinkit is seeing good product market fit and is growing well in each of the cities that it is present in currently.
Fri, Nov 03, 2023
Zomato staged a strong quarterly performance on Friday, November 3.
Thu, Oct 26, 2023
Stocks to watch: Reliance Industries, GNA Axles, Maruti Suzuki, Bajaj Holdings, Blue Dart, Bajaj Finserv, BPCL, Cipla, City Union Bank, Dr Reddy’s Labs, Mahindra Lifespace Developers, GMR Airports, and GE Shipping, among others, will release their September quarter results today.
Wed, Oct 25, 2023
The insurance plan will cover expenses related to pregnancy consisting of birth and any maternity complication, thereby providing assurance and financial security to such female delivery partners and their families, the company said.
Fri, Oct 20, 2023
Zomato shares soared over 2% on Friday, October 20, touching a high of Rs 114.35. The stock was in focus as around 9.27 crore equity shares changed hands in the pre-open session. According to reports, SVF Growth Fund is likely to offload a 1.1% stake in the online food delivery major. Zomato has been on a tear in recent months, with its stock price jumping over 87% since January.
AAt around 9:25 a.m., shares of Zomato traded 0.81 per cent higher on the BSE at Rs 112.6 apiece and the stock hovered near its 52-week high of Rs 115 apiece.
Fri, Oct 13, 2023
The District Consumer Dispute Redressal Forum (II) Jodhpur has imposed a monetary penalty of Rs 1 lakh for violation of Consumer Protection Act, 2019 on Zomato and McDonald's, the restaurant partner whose food was delivered through it, and awarded Rs 5,000 as cost of litigation, it said.
Wed, Oct 11, 2023
Zomato share price: Zomato continues to be ICICI Securities’ top pick in the Indian internet space.
Tue, Oct 10, 2023
Zomato shares rose as much as 4% on Tuesday after Swiggy delivery workers went on strike in Mumbai. The strike caused disruption in food delivery services in the city, and analysts believe that this could benefit Zomato. The company's revenue and profit increased in Q1FY24, and FIIs have been paring their stake in the company, while mutual funds have increased their holdings.
Swiggy's strike, Zomato benefits! Swiggy delivery partners are on strike in Mumbai. Why does Zomato benefit from this news? See complete details in this video
Zomato share price: The consolidated net profit of the firm during the quarter came in at Rs 2 crore versus a loss of Rs 186 crore in the corresponding period of the last fiscal.
Thu, Oct 05, 2023
India is all set to host the 13th edition of the Men's Cricket World Cup after 12 years, many sectors are expected to benefit from it. According to Zee Business Research, food outlets and delivery applications will get a double boost with the World Cup and the festival season around the corner. Quick Service Restaurants companies like Jubilant FoodWorks, which operates Domino's Pizza in India, and food delivery apps like Swiggy and Zomato could benefit from the World Cup as food delivery during the cricket mega event is expected to increase.
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