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
Citi said Blinkit's growth momentum 'remains stellar' on user acquisition focus, continued investment in dark store expansion, adding new cities
Ragini Das said she accepted the job at Google after two months of conversations with their team. 'We’re on a mission to support thriving startups around the world,' she said.
In tribute to Zubeen Garg, food delivery platforms like Swiggy, Zomato, and Blinkit paused operations across the state as thousands of fans lined the streets to pay their final respects.
UBS raised its target price for Avenue Supermarts, while Goldman Sachs increased its target price for Zomato-parent Eternal.
From food delivery and e-commerce to fashion and ticketing, fees tucked into bills are quietly reshaping how platforms balance costs, fend off competition, and chase profitability.
Zomato, Swiggy will have to pay 18 percent GST on delivery charges collected from customers, but are likely to pass on the cost to consumers.
Industry experts warn that the move could squeeze margins, strain working capital, and trigger higher delivery charges for customers.
At Swiggy’s present order volumes — estimated at over 2 million orders per day — the higher fee translates to up to Rs 3 crore in daily revenue, compared to around Rs 2.4 crore when the fee was at Rs 12. That’s an additional Rs 54 crore per quarter and Rs 216 crore annually if the rate sustains.
The company has also begun testing a Rs 50 'VIP Mode' in select locations that promises faster deliveries, priority riders, and a concierge-style service for select top customers.
Users in Gurugram were unable to place or track orders on the two apps during the outage, with both platforms showing restaurants as “temporarily unavailable.”
It is likely that a higher platform fee is an experiment Swiggy is doing for large demand occassions, like festive days, where it needs to pay the fleet more and keep up with operating costs and it reverts to its old structure later. The fee has been hiked from Rs 12 earlier.
The zero-commission platform, called Ownly, will be available on the App Store and Play Store this week, offering offline-equivalent prices and a flat delivery fee for restaurants.
Despite such a big transaction, Eternal shares closed the session higher at Rs 301.75, up nearly a percent amid higher volumes.
Eternal shares slipped on Thursday after a Rs 5,624 crore block deal took place on the bourses, with Antfin likely fully exiting its stake.
Eternal share price: Eternal shares rallied nearly 15 percent to hit an all-time high of Rs 311.25 per share on July 22.
Eternal reported a sharp 90 percent YoY fall in net profit for the first quarter of FY26, with earnings falling to Rs 25 crore.
Eternal share price: Q1 marked the first quarter where Blinkit’s net order value surpassed that of Zomato.
Sequential margin gains, rising user base and store-level efficiency are hinting at improving unit economics at Blinkit.
While the comparable periods are not similar as Swiggy is yet to announce its Q1FY26 results, it is likely that Swiggy’s cash balance will further reduce from Rs 6,695 crore, and widen the gap with Eternal, as the Bengaluru-based company invests in Instamart, its quick commerce arm.
Eternal Q1 results: Zomato parent reports a 90% slump in consolidated net profit to Rs 25 crore, weighed by higher costs at Blinkit
Q1 Results: 'New ideas, new entrants and disruption are all inevitable,' says Deepinder Goyal amid buzz over Rapido's potential entry into food delivery business.
Over the last two years, India’s startup cohort has gone through the full arc - from euphoric listings to painful drawdowns, and now a more measured phase of rationalization and re-rating.
Deepinder Goyal said LAT Aerospace is a startup focused on building planes for regional aviation and "has not bought any private jet." He added that the company is not in the business of buying planes.
Zomato has recently released an exciting ad featuring some of the prominent personalities like Shah Rukh Khan, Jasprit Bumrah, AR Rahman, and Mary Kom. The ad campaign has received great response from the audience.
The conveyance deed was executed in March with Goyal paying Rs 3.66 crore in stamp duty. The 10,813 square feet apartment comes with five parking spaces