Radhakishan Damani, the man behind D-Mart, has secured the top spot on the list of self-made entrepreneurs, according to a recent announcement by Hurun, Damani took the top spot with a market capitalisation of Rs 2,38,188 crore. “The company’s success can be attributed to its focus on efficient operations, low-cost business model, and strong customer […]
Prosus, the largest shareholder in Swiggy, revealed a 35 per cent reduction in its share of the Indian food-delivery giant’s losses, amounting to USD 208 million for the half-year period ending on 30 September. Prosus, based in Amsterdam and affiliated with the South African conglomerate Naspers, holds a 32.7 per cent stake in Swiggy. Considering […]
Chinese payment group Alipay, a subsidiary of Ant Group, is reportedly planning to divest its 3.4 per cent stake in the food delivery platform Zomato for approximately USD 400 million through block deals on Indian stock exchanges, the news agency Reuters reported. Alipay is set to sell its entire 3.44 per cent stake in the […]
The food delivery app Zomato on Friday reported a net profit of Rs 36 crore for the quarter gone by, compared to the loss of Rs 251 crore the previous year in the same quarter. The company’s consolidated revenue from operations for the quarter ended also increased to Rs 2,848 crore, compared to Rs 1,661 […]
Zomato-owned instant ecommerce grocery delivery platform Blinkit revenue has increased to a by 207 per cent i.e., a rise of Rs 724 crore but parallelly the net loss has widened to Rs 1,190 crore in FY23. This financial year represented Blinkit’s initial full year of operations following its transition to the quick commerce sector in […]
Zomato has expanded into the logistics sector through its ‘Xtreme’ brand as part of its strategy to diversify its revenue streams. The newly introduced service is now accessible on the Android platform and is primarily aimed at catering to merchants. Zomato’s homepage describes Xtreme as a solution for merchants seeking to streamline their package delivery […]
Zomato shares rose sharply for the second straight day after the company reported its first-ever quarterly profit. Shares of the food aggregator and delivery company Zomato soared 10 per cent on Friday and about 5 per cent today. At the time of writing this report, Zomato shares were trading 5 per cent higher at Rs […]
Food delivery platform Zomato’s consolidated net loss for the quarter ended March narrowed sharply to Rs 188.2 crore on the back of a 70 per cent jump in its overall revenue. Zomato’s revenue from operations for the last quarter came in at Rs 2,056 crore compared with Rs 1,211.8 crore in the corresponding quarter of […]
The internet is buzzing all around with just one word – ONDC. Content creators, influencers, general public … they are all talking about ONDC and how it is ready to take on Food delivery apps like Swiggy and Zomato and save big bucks for the consumers. So what is the hype around ONDC? While the […]
CHUK, a compostable tableware brand has announced its association with Hyperpure, Zomato’s marketplace that provides fresh, hygienic, high-quality food ingredients and food packaging supplies to restaurants. CHUK’s compostable delivery & dine in range will now be available on Hyperpure, helping brands to switch to safer alternatives in food service packaging. CHUK’s products for the delivery […]
