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Zomato is an Indian multinational restaurant aggregator and food delivery company. Based in Gurugram, a satellite city of India's capital New Delhi, the company was founded in 2008 as Foodiebay, and was renamed Zomato in January 2010 as Zomato Media Pvt Ltd. It offers services like home delivery of food, restaurant discovery, menus, reviews, online table reservations, special discounts while eating at select restaurants, and digital payments when dining out. It also works with restaurant partners to provide tools that enable them to engage and acquire more customers while empowering them with a last-mile delivery service and a one-stop procurement solution – Hyperpure, for ingredients and kitchen products. As of March 2021, Zomato was present in 525 cities in India, with 3,89,932 active restaurant listings along with a presence in 24 countries and in more than 10,000 cities outside India. Deepinder Goyal is the founder and chief executive officer (CEO) of Zomato. On July 23, 2021, Zomato went public, opening its Initial public offering (IPO) at a price band of Rs 72-76 per share. It made a stellar debut on Dalal Street as the stock opened at Rs 116 on the NSE, a 52.63 percent premium to its final offer price of Rs 76. The listing price on the Bombay Stock Exchange was at Rs 115, up 51.32 percent. More

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  • Man visits startups in Zomato uniform to deliver 'resume' in food boxes. Twitter is divided Jul 03, 2022 01:49 PM IST

    Man visits startups in Zomato uniform to deliver 'resume' in food boxes. Twitter is divided

    Aman Khandelwal pretending to be a Zomato delivery executive and the subsequent access to startups has raised a few eyebrows regarding security concerns.

  • Exclusive | CAIT to submit report on quick commerce dark stores to govt within 10 days: Sources Jul 01, 2022 11:19 AM IST

    Exclusive | CAIT to submit report on quick commerce dark stores to govt within 10 days: Sources

    Dark stores are small warehouses which can hold anywhere between 2,000 and 4,000 stock keeping units and are manned by 5-10 workers. They typically cater to quick commerce orders placed by customers in a radius of 2-3 kilometres

  • Indian shares suffer worst quarter since pandemic-hit start of 2020 Jun 30, 2022 04:20 PM IST

    Indian shares suffer worst quarter since pandemic-hit start of 2020

    The NSE Nifty 50 index closed 0.12% lower at 15,780.25, and the S&P BSE Sensex slipped 0.02% to 53,018.94. The rupee ended at a record closing low of 78.9675 against the dollar.

  • Profitability first, then IPO, so you don’t have to sell your story much to the public: Meesho’s Vidit Aatrey Jun 29, 2022 07:59 AM IST

    Profitability first, then IPO, so you don’t have to sell your story much to the public: Meesho’s Vidit Aatrey

    Aatrey’s comments come at a time when high-growth tech companies, which got listed on the bourses last year, including unicorns such as Paytm, Zomato, and PolicyBazaar, among others have been dumped by public market investors as these firms have never managed to show a company-level profit.

  • What entrepreneurs need to keep in mind while building products for next billion Jun 28, 2022 11:01 PM IST

    What entrepreneurs need to keep in mind while building products for next billion

    Koo’s co-founder and CEO Aprameya Radhakrishna, Amazon’s Head - Strategic Initiatives - Public Sector Deepti Dutt, Zomato’s Chief Technology Officer Gunjan Patidar, and Delhivery co-founder Suraj Saharan weigh in

  • Zomato-Blinkit deal: The numbers don’t add up Jun 28, 2022 12:44 PM IST

    Zomato-Blinkit deal: The numbers don’t add up

    The two questions that need clear answers are: whether quick commerce is a structural change or passing fad, and where Blinkit fits in Zomato’s business plan

  • Understanding Zomato’s $570-million acquisition of Blinkit: poison pill or panacea? Jun 28, 2022 10:43 AM IST

    Understanding Zomato’s $570-million acquisition of Blinkit: poison pill or panacea?

    After two failed attempts at cracking the grocery market, Zomato has acquired Blinkit in a last-ditch attempt to gain a foothold in the space. Meanwhile, the food delivery market in India is seen to be growing slower than earlier

  • Ideas For Profit | Blinkit acquisition weighs down Zomato's stock price; What should investors do? Jun 27, 2022 07:27 PM IST

    Ideas For Profit | Blinkit acquisition weighs down Zomato's stock price; What should investors do?

    Zomato’s share price came under pressure after the announcement of the Blinkit acquisition. While the deal awaits shareholders’ approvals, MC Pro believes intense competition in the food-delivery ecosystem may increase cash burn and losses. Watch the video to know more.

  • Swiggy’s business has recovered fully from pandemic, GMV surged 76% to $2.3 billion in FY22: Prosus Jun 27, 2022 04:21 PM IST

    Swiggy’s business has recovered fully from pandemic, GMV surged 76% to $2.3 billion in FY22: Prosus

    The investor said that its share of Swiggy’s revenue for FY22 was $212 million, up 57 percent from FY21.

  • Zomato: Does Blinkit acquisition add value?  Jun 27, 2022 10:30 AM IST

    Zomato: Does Blinkit acquisition add value? 

    Post the Blinkit acquisition, Zomato's losses will increase, delaying the visibility of profits. Therefore, conservative investors should exercise caution.

  • Zomato shares slip into red after board approves acquisition of Blink Commerce Jun 27, 2022 09:34 AM IST

    Zomato shares slip into red after board approves acquisition of Blink Commerce

    The acquisition is at a price of Rs 13,46,986.01 per share by issuance and allotment of up to 62,85,30,012 fully paid-up equity shares of the company.

  • Moneycontrol Daily: Your Essential 7 Jun 25, 2022 06:21 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • Seven reasons for Zomato's Rs 4,447-crore Blinkit buyout deal Jun 24, 2022 10:21 PM IST

    Seven reasons for Zomato's Rs 4,447-crore Blinkit buyout deal

    Questions still remain about how Zomato, a company that registered losses of Rs 1,223 crore in FY22, plans to derive value from acquiring another loss-making delivery startup

  • Zomato board approves deal to acquire Blinkit for Rs 4,447 crore Jun 24, 2022 07:14 PM IST

    Zomato board approves deal to acquire Blinkit for Rs 4,447 crore

    In March this year, Zomato had extended a lifeline to cash-strapped Blinkit through a loan of $150 million

  • GST Council may consider changes in monthly GST payment form Jun 24, 2022 02:17 PM IST

    GST Council may consider changes in monthly GST payment form

    The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability.

  • Zomato board to meet on Friday to discuss Blinkit acquisition Jun 22, 2022 10:27 AM IST

    Zomato board to meet on Friday to discuss Blinkit acquisition

    The company also said in the filing that it may go ahead with a preferential issue of shares to finance the deal

  • Lot of uncertainty in market, unable to predict beyond one quarter: Sanjeev Bikchandani Jun 20, 2022 03:31 PM IST

    Lot of uncertainty in market, unable to predict beyond one quarter: Sanjeev Bikchandani

    Bikchandani says Info Edge is slow and careful in acquiring companies.

  • Exclusive: Zomato postpones Board meeting on Blinkit acquisition by a week Jun 16, 2022 05:46 PM IST

    Exclusive: Zomato postpones Board meeting on Blinkit acquisition by a week

    Food delivery firm wants to take large shareholders into confidence regarding the acquisition of the quick commerce company, say sources.

  • Jio-bp, Zomato ink pact to help food delivery giant achieve 100% EV fleet by 2023 Jun 15, 2022 04:57 PM IST

    Jio-bp, Zomato ink pact to help food delivery giant achieve 100% EV fleet by 2023

    As part of the agreement, Jio-bp will provide EV mobility services to Zomato along with access to "Jio-bp pulse" branded battery swapping stations for last mile delivery.

  • Exclusive | Top bureaucrat tells Zomato, Swiggy to let users decide on data sharing Jun 13, 2022 03:04 PM IST

    Exclusive | Top bureaucrat tells Zomato, Swiggy to let users decide on data sharing

    Food delivery platforms and NRAI have to share their customer grievance redressal frameworks with the ministry by next two weeks; also asked to make delivery and packaging charges clearer to consumers.

  • Deepinder Goyal’s ESOPs cost Zomato Rs 387 crore in second half of FY22 Jun 07, 2022 09:56 PM IST

    Deepinder Goyal’s ESOPs cost Zomato Rs 387 crore in second half of FY22

    CFO Akshant Goyal's ESOP remuneration in the second half of FY22 was Rs 3 crore, according to regulatory filings

  • Moneycontrol Selects: Top stories this evening Jun 06, 2022 07:58 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

  • Exclusive | Zomato board to sign off Blinkit acquisition on June 17 Jun 06, 2022 02:36 PM IST

    Exclusive | Zomato board to sign off Blinkit acquisition on June 17

    The share swap deal does not need competition watchdog CCI’s approval as it falls under the 'de-minimis' exemption, Moneycontrol reported earlier

  • PhonePe is made in India and will list in India, says CEO Sameer Nigam Jun 06, 2022 06:40 AM IST

    PhonePe is made in India and will list in India, says CEO Sameer Nigam

    Nigam said that the Walmart and Flipkart-owned startup will go public once its core businesses turn profitable and its new-age initiatives achieve good scale.

  • Delhi man finds 'chicken' in coffee ordered through Zomato Jun 04, 2022 01:35 PM IST

    Delhi man finds 'chicken' in coffee ordered through Zomato

    A man was left fuming after he discovered a piece chicken in a beverage he ordered from a popular coffee chain in Delhi.

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