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Zomato’s CEO Extends Congratulations to Swiggy on Profitability Milestone

In a surprising turn of events, Deepinder Goyal, the CEO of Zomato, took to Twitter to extend his congratulations to rival food delivery platform...
Finance

SoftBank Vision Fund Reports Massive Losses

SoftBank Vision Fund, an investment company with headquarters in Tokyo, reported a loss of 4.3 trillion Yen ($32 billion) for the fiscal year that...
News

Swiggy begins charging platform fee per order

A "platform fee" of ₹2 for each food order, regardless of the cart value, has been implemented by the online food delivery service Swiggy...
Finance

Brokerages anticipate gains of up to 90% in Paytm, Zomato, PB Fintech, and Nykaa

PB Fintech, Zomato, Nykaa, One97 Communications (Paytm), and other newer businesses were formerly among the top retail darlings. These stocks were listed in late 2021, and...
Finance

Hurun lists BYJU’s, Zomato, and Dream11 as the most valued PE/VC-funded businesses in India

The 500 most valuable companies in India were profiled in the second edition of the Burgundy Private Hurun India 500 study, which had combined...
News

Zomato planning a mass firing of about 3% of its Workforce

Zomato, an online meal delivery platform, announced on Saturday that it plans to let off about 3% of its personnel in order to reduce...
News

NRAI issues caution to Restaurants over Zomato Pay and Swiggy Diner

The National Restaurant Association of India (NRAI) issued a warning to the restaurant industry on Friday, branding the new Zomato Pay and Swiggy Diner...
News

Deepinder from Zomato creates the CEO-led umbrella organization “Eternal”

Zomato's founder and CEO, Deepinder Goyal, has unveiled a new organizational structure that will see the company's businesses, such as Zomato, Blinkit, and Hyperpure,...
Finance

Zomato India drops to a historic low as the share lock-in period expires

As a result of the one-year share lock-in term for promoters, workers, and other investors expiring upon the 2021 IPO, shares of Indian meal...
News

Zomato’s worth dropped by about $1 billion over two days after the Blinkit deal

According to the sources, the investors questioned the business case for Zomato Ltd.'s acquisition of local grocery delivery startup Blinkit on Tuesday, sending the...
News

Zomato gets ready to acquire Blinkit for INR 4447 Crore

The purchase of rapid commerce business Blinkit for Rs 4,447 crore in an all-stock deal was authorized by the board of food delivery company...
News

Zomato is looking to buy off Blinkit in a share-swap deal

Multiple persons briefed on the situation indicated that online food-delivery provider Zomato is in talks to buy Blinkit, formerly Grofers, in a share-swap deal....
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