Advertisements Food delivery company Zomato’s shares briefly touched a record mark of Rs 105, marking a little over 2 per cent increase following the opening bell on Monday. This is the highest stock price the company’s shares reached since February… Read More ›
Advertisements Food delivery company Zomato has initiated liquidation proceedings for its subsidiary in Slovakia, it said in a stock exchange filing on September 15. Zomato stated that the liquidation of its non-operational subsidiary, which was valued at Rs 2.2 lakh,… Read More ›
Advertisements Tiger Global Management, a US-based investment firm, has sold its remaining stake in Zomato, an Indian food delivery company. The sale was done through a bulk deal on the Bombay Stock Exchange (BSE) on Monday. Tiger Global offloaded 123,486,408… Read More ›
Advertisements SoftBank plans to sell its shares in Zomato through block deals. The 12-month lock-in period for investors after the Blinkit deal ends today. SoftBank received a 3.35 per cent stake in Zomato as part of the merger. The Japanese… Read More ›
Advertisements Zomato, a food delivery company, reported its first-ever profit in the June quarter of FY24. The stock surged 11 per cent on Friday in response to the news. The company’s operating revenue rose 71 per cent to Rs 2,416… Read More ›
Advertisements According to media reports, SoftBank, a Japanese conglomerate is reportedly aiming to make profits by selling small holdings in Zomato and One97 Communications, the parent company of Paytm, benefiting from the recent increase in both companies, which has made… Read More ›
Advertisements Quick commerce platform Blinkit posted losses in the third quarter of FY23 at Rs 288.5 crore, reporting its first full quarter numbers since its acquisition by food delivery giant Zomato in August 2022. Blink Commerce’s loss between August and… Read More ›
Advertisements Zomato Hyperpure Private Limited, the business-to-business (B2B) restaurant supply business of the food delivery company, has completed the acquisition of Blinkit’s warehousing and ancillary services business Hands On Trades Private Limited (HOTPL). acquired the ancillary service for about $8… Read More ›
Advertisements Online food delivery platform Zomato Ltd is targeting to achieve the breakeven level in overall business between the fourth quarter of this fiscal and the second quarter of FY24 having cut losses gradually, according to company CFO Akshant Goyal…. Read More ›
Advertisements Uber Technologies on Wednesday sold its 7.8% stake in food delivery firm Zomato Ltd for $392 million via a block deal on local exchanges, two sources familiar with the matter told Reuters. The Zomato block deal was executed at… Read More ›
