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
Jul 03, 2022 01:49 PM ISTAman Khandelwal pretending to be a Zomato delivery executive and the subsequent access to startups has raised a few eyebrows regarding security concerns.
Jul 01, 2022 11:19 AM IST 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
Jun 30, 2022 04:20 PM IST 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.
Jun 29, 2022 07:59 AM IST 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.
Jun 28, 2022 11:01 PM IST 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
Jun 28, 2022 12:44 PM IST 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
Jun 28, 2022 10:43 AM IST 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
Jun 27, 2022 07:27 PM IST 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.
Jun 27, 2022 04:21 PM IST The investor said that its share of Swiggy’s revenue for FY22 was $212 million, up 57 percent from FY21.
Jun 27, 2022 10:30 AM IST Post the Blinkit acquisition, Zomato's losses will increase, delaying the visibility of profits. Therefore, conservative investors should exercise caution.
Jun 27, 2022 09:34 AM IST 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.
Jun 25, 2022 06:21 AM IST A daily round-up of the most interesting articles to help jump-start the day.
Jun 24, 2022 10:21 PM IST 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
Jun 24, 2022 07:14 PM IST In March this year, Zomato had extended a lifeline to cash-strapped Blinkit through a loan of $150 million
Jun 24, 2022 02:17 PM IST 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.
Jun 22, 2022 10:27 AM IST The company also said in the filing that it may go ahead with a preferential issue of shares to finance the deal
Jun 20, 2022 03:31 PM IST Bikchandani says Info Edge is slow and careful in acquiring companies.
Jun 16, 2022 05:46 PM IST Food delivery firm wants to take large shareholders into confidence regarding the acquisition of the quick commerce company, say sources.
Jun 15, 2022 04:57 PM IST 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.
Jun 13, 2022 03:04 PM IST 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.
Jun 07, 2022 09:56 PM IST CFO Akshant Goyal's ESOP remuneration in the second half of FY22 was Rs 3 crore, according to regulatory filings
Jun 06, 2022 07:58 PM IST Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.
Jun 06, 2022 02:36 PM IST The share swap deal does not need competition watchdog CCI’s approval as it falls under the 'de-minimis' exemption, Moneycontrol reported earlier
Jun 06, 2022 06:40 AM IST 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.
Jun 04, 2022 01:35 PM IST 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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