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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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  • Machine-made biryani? How robotics and automation is taking over cloud kitchens in India Dec 08, 2022 08:26 AM IST

    Machine-made biryani? How robotics and automation is taking over cloud kitchens in India

    A few Indian startups like Mukunda Foods, Xook and On2Cook are trying to build the so-called food-as-a-service (FaaS) business by adding robotics to the kitchen menu. These machines guarantee to prepare food faster with consistency without or minimal manual labour

  • ‘Day 1’ phrase is the lamest thing, says Ashneer Grover. PS: Deepinder Goyal recently used it Dec 05, 2022 02:02 PM IST

    ‘Day 1’ phrase is the lamest thing, says Ashneer Grover. PS: Deepinder Goyal recently used it

    Zomato chief Deepinder Goyal had used the “Day One” phrase less than 48 hours before Ashneer Grover’s tweet.

  • Bulk Deals | Alipay Singapore Holding offloads Rs 1,631.4 crore stake in Zomato, Ashish Kacholia picks 2% shares in Likhitha Infrastructure Nov 30, 2022 09:11 PM IST

    Bulk Deals | Alipay Singapore Holding offloads Rs 1,631.4 crore stake in Zomato, Ashish Kacholia picks 2% shares in Likhitha Infrastructure

    Camas Investments Pte Ltd, the subsidiary of Singapore-based sovereign wealth fund Temasek, picked 9.8 crore shares or 1.14 percent shareholding in Zomato at an average price of Rs 62 per share.

  • We are uncomfortable when founders want to do secondaries prematurely: Sanjeev Bikhchandani reacts to an epilogue from Ashneer Grover's book Nov 30, 2022 08:07 PM IST

    We are uncomfortable when founders want to do secondaries prematurely: Sanjeev Bikhchandani reacts to an epilogue from Ashneer Grover's book

    Bikhchandani's comments were in response to a passage from Grover's book, where Grover said how a founder should not shy away from liquidating their stock at every secondary sale opportunity.

  • Swiggy shuts its cloud kitchen brand The Bowl Company in Delhi-NCR Nov 30, 2022 10:42 AM IST

    Swiggy shuts its cloud kitchen brand The Bowl Company in Delhi-NCR

    A Swiggy spokesperson said the expansion into Delhi-NCR was an experiment.

  • 3.4% of Zomato stake changes hands in block deals as Alibaba sells shares Nov 30, 2022 09:54 AM IST

    3.4% of Zomato stake changes hands in block deals as Alibaba sells shares

    While the buyers and sellers were not known, sources said Alibaba pared its stake from 13% to 10%, selling shares worth $200 million through subsidiaries Ant Financial and Alipay

  • Stock Market LIVE: Time to buy tyre stocks as rubber price falls? | Zomato, Gland Pharma in Focus Nov 30, 2022 08:27 AM IST

    Stock Market LIVE: Time to buy tyre stocks as rubber price falls? | Zomato, Gland Pharma in Focus

    European markets settle marginally lower as trader’s monitor China’s COVID-19 policy. Stoxx600 gave up early gains to settle flat with a negative bias. FTSE outperformed, ending 0.5 percent higher. Natural rubber prices slid to 2-year lows. But is it good times ahead for tyre companies? On the technical front, we put the spotlight on Zomato, Gland Pharma and Bharat Bijlee.

  • Alibaba to sell $200 million worth of shares in Zomato today: Report Nov 29, 2022 06:25 PM IST

    Alibaba to sell $200 million worth of shares in Zomato today: Report

    Ant Financial and Alipay, through which Alibaba has invested in Zomato, would bring down their stake to about 10 percent, by selling shares in Zomato at a 5-6 percent discount, CNBC Awaaz has said

  • Alibaba to sell Zomato shares worth $200 million via block deal: report Nov 29, 2022 06:17 PM IST

    Alibaba to sell Zomato shares worth $200 million via block deal: report

    Alibaba to sell Zomato shares worth $200 million via block deal

  • Paytm, Zomato top brass rewarded with hundreds of crores of ESOP payouts in H1FY23 Nov 25, 2022 04:51 PM IST

    Paytm, Zomato top brass rewarded with hundreds of crores of ESOP payouts in H1FY23

    Top managers of Paytm got ESOPs worth Rs 564 crore in H1, those of Zomato got ESOPs worth around Rs 380 crore

  • Investors in new-age firms suffer Rs 2-lakh-crore dent in wealth since listing Nov 25, 2022 12:10 PM IST

    Investors in new-age firms suffer Rs 2-lakh-crore dent in wealth since listing

    New-age company stocks have started falling again since last week after the lock-in period for Nykaa and Delhivery shares held by pre-IPO investors lapsed

  • Deepinder Goyal says 'not a boomer anymore'. Zomato asks him to... Nov 23, 2022 12:38 PM IST

    Deepinder Goyal says 'not a boomer anymore'. Zomato asks him to...

    Deepinder Goyal said he is sharing a series of “me-made” posters in the Zomato office reception to “drive culture” at the company.

  • Zomato sees a series of resignations. How worried should investors be? Nov 21, 2022 12:00 PM IST

    Zomato sees a series of resignations. How worried should investors be?

    Mohit Gupta’s exit follows that of Rahul Ganjoo, Head of New Initiatives, and Siddharth Jhawar, Head of Intercity Legends. In August, Nitin Savara, Deputy CFO, resigned to start something new.

  • Stock Market LIVE: Export duty scrapped! Will metal stocks rally? | Markets with Santo & CJ Nov 21, 2022 09:06 AM IST

    Stock Market LIVE: Export duty scrapped! Will metal stocks rally? | Markets with Santo & CJ

    The government has finally removed duties imposed on export of steel and iron ore products in a massive relief to the sector. CJ believes that this will boost sentiment towards the sector, but Santo is not convinced if there is any near-term benefit. Watch as the duo dissect the implications of the government's move on steel stocks. Plus they share their thoughts on HDFC, IEX and Zomato.

  • Zomato begins layoffs across functions; plans to shrink workforce by 4% Nov 19, 2022 02:08 PM IST

    Zomato begins layoffs across functions; plans to shrink workforce by 4%

    At least 100 employees have been already impacted across functions such as product, tech, catalogue and marketing. The company plans to layoff atleast 4 percent of its total workforce.

  • Zomato co-founder Mohit Gupta resigns, marking the third big exit in two weeks Nov 18, 2022 07:54 PM IST

    Zomato co-founder Mohit Gupta resigns, marking the third big exit in two weeks

    Amid a meltdown of tech stocks, the food delivery company has suffered in the public market this year as its stock price has fallen by more than 50 percent from its peak of Rs 162 on the BSE.

  • Epicentre of climate-change tech will move into India: Prashanth Prakash Nov 16, 2022 06:52 PM IST

    Epicentre of climate-change tech will move into India: Prashanth Prakash

    There’s a large opportunity in this space to build from India for the world, says the co-founder of venture capital major Accel India and Board member at ACT.

  • New-age tech companies divert their focus from growth to profitability Nov 15, 2022 09:44 AM IST

    New-age tech companies divert their focus from growth to profitability

    The new-age companies, after having spent some time under greater public scrutiny on listing, there's a clear shift in attitude. From the steps taken to management commentary and operating performance views - one thing looks clear that becoming profitable is at a top priority

  • Moneycontrol Selects: Top stories this evening Nov 14, 2022 06:56 PM IST

    Moneycontrol Selects: Top stories this evening

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

  • Food app Zomato tastes bittersweet, splits brokers on flavours of growth Nov 14, 2022 06:08 PM IST

    Food app Zomato tastes bittersweet, splits brokers on flavours of growth

    Two prominent brokerages take widely different views on profitability and growth of the foodtech platform

  • Zomato to discontinue food ordering service in UAE; app users will be redirected to Talabat Nov 14, 2022 05:53 PM IST

    Zomato to discontinue food ordering service in UAE; app users will be redirected to Talabat

    From November 24, users of the app will be redirected to online food ordering company Talabat, to which Zomato sold its UAE-based food delivery business in 2019.

  • Zomato: Should you bite into this business? Nov 14, 2022 10:28 AM IST

    Zomato: Should you bite into this business?

    Profitability by FY24 is likely to come at the cost of the growth in the food delivery business

  • Top 10 trading ideas for next 3-4 weeks as bulls may charge Nifty beyond record 18,604 Nov 14, 2022 10:10 AM IST

    Top 10 trading ideas for next 3-4 weeks as bulls may charge Nifty beyond record 18,604

    Chances look bright for the Nifty50 to move towards the record high of 18,604 in the coming days if the momentum sustains and global markets support, with crucial support at the psychological 18,000 mark, said experts. They advise to continue with the 'buy on dips' strategy

  • Trade Spotlight | What should you do with Zomato, Swan Energy, HDFC on Monday? Nov 14, 2022 06:14 AM IST

    Trade Spotlight | What should you do with Zomato, Swan Energy, HDFC on Monday?

    HDFC was the biggest gainer in the Nifty50, rising 6 percent to Rs 2,651.70 and formed robust bullish candle on the daily charts with high volumes after consolidation for several sessions. Also it has given a healthy breakout of long downward sloping resistance trend line adjoining November 15, 2021 and November 9, 2022.

  • Zomato Standalone September 2022 Net Sales at Rs 1,177.90 crore, up 31.3% Y-o-Y Nov 11, 2022 02:00 PM IST

    Zomato Standalone September 2022 Net Sales at Rs 1,177.90 crore, up 31.3% Y-o-Y