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Latest Articles in zomato

Tiger Global Sells Its 2.34% Zomato Stake

Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 per cent in the online food delivery platform before the sale

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Uber Sells 7.8% Stake In India's Zomato For $392 Mn: Sources

The deal was executed at Rs 50.44 per share, they said. Zomato and Uber did not immediately respond to requests for comment

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Food Delivery Partners Squeezing Out Restaurants Off Their Money: Shihab Sheikh

Shihab Sheikh, Co-Founder, and CEO, Rolling Plates Pvt. Ltd. recently posted on social media about how multinational restaurant aggregators and food delivery companies like Zomato and Swiggy were squeezing out their restaurant partners off their money.

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Zomato Quarterly Loss Nearly Halves

The company's net loss stood at Rs 1.86 billion (USD 23.52 million) for the three months ended June 30, compared with a loss of 3.56 billion rupees a year ago

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Zomato CEO Plans For Multiple CEO Structure

Deepinder Goyal, CEO and MD, Zomato plans to rehaul the company and bring a multiple CEO structure to emerge as an “Eternal” organisation, which houses multiple businesses.

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Domino's India May Shift Business Away From Zomato And Swiggy

Jubilant is India's largest food services company, with more than 1,600 branded restaurant outlets - including 1,567 Domino's and 28 Dunkin outlets

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Zomato Acquires Blinkit's Blink Commerce In Rs 4,447 Cr In All-Stock Deal

"This acquisition is in line with our strategy of investing in the quick commerce business," Zomato said

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Ant Group-backed Zomato Beefs Up Quick Delivery Game With Bigger Blinkit Stake

Zomato in August bought a more than 9 per cent stake in Blinkit for nearly Rs 5.18 billion and said earlier this year it would invest as much as $400 million in the Indian quick commerce market over the next two years

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Zomato Targets To Deliver Over 10 Cr Orders In Sustainable Packaging Over Next 3 Yrs

Zomato announced 100 per cent 'plastic neutral deliveries' from April 2022 onwards, while also setting a target to deliver more than 10 crore orders in sustainable packaging

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Zomato, Swiggy Clarify The Reason Behind Their Service Down

A technical issue is being the reason behind the popular food apps Zomato and Swiggy's service down in many cities

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Competition Commission To Probe Zomato, Swiggy For Alleged Unfair Practices

The order comes months after the National Restaurant Association of India (NRAI) asked the CCI to investigate the companies for breaching platform neutrality by providing priority to exclusive contractors

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India: 2-Minutes Meal To 10-Minutes Delivery

The availability of cheaper internet data, a plethora of smartphones with cost barriers being slashed down, ecommerce is becoming an easy adoption facility. It is not just restricted to top Indian cities, but well accepted across India. The majority of Indian demographics being in the less than 30 years of age bracket, the concept of instant gratification is a consumer priority. This has sparked the 10-minute delivery trend

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Zomato Faces Heat For Plans To Deliver Food In 10 Minutes

Within hours, Zomato's announcement sparked a flurry of responses. A lawmaker questioned the business model while executives raised concerns about rider safety on Indian roads

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Zomato, Blinkit Reach Merger Agreement

But the food-delivery firm said in a statement that it would loan as much as $150 million to Blinkit, formerly known as Grofers, for the start-up's near-term capital needs

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Blinkit Raises $100 Million From Zomato

This round is part of a larger round that Blinkit will be raising from Zomato. According to a media report, the round is pegged at around $400 million

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