A Zomato rider, was found dead in front of the Tughlakabad Metro station on the Delhi-Faridabad highway on Sunday. It is suspected that he got involved in an accident that led him to death. His head was reportedly crushed. According to the police, they received information regarding the dead body on Sunday night at 11.56. […]
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Zomato shares delivered around 20 pc gains as net loss narrows
Shares of food aggregator and delivery company Zomato soared around 18-20 percent on Tuesday after the company reported its net losses narrowing during the first quarter of 2022-23 (April-June). During the quarter, the company’s net losses were Rs 185.7 crore, as against Rs 343.1 crore same period last financial year. […]
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Zomato co-founder Gaurav Gupta resigns
Zomato cofounder Gaurav Gupta, a key executive in the run-up to the food delivery company’s landmark initial public offering (IPO), has resigned. Gupta was the head of supply at the foodtech startup. In the two months since listing, Zomato has shuttered its grocery delivery pilot and its nutrition business, as well as several […]
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Zomato founder says Bengaluru incident being probed, helping both victim, delivery boy to find truth
Zomato founder Deepinder Goyal has issued a statement on the Bengaluru incident, in which a delivery boy punched a customer on her face and broke her nose, and said that Zomato is looking at both sides of the incident and helping both the delivery person and the victim. In a […]
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India’s Zomato valued at $5.4 billion in new $250 million investment
Zomato has raised $250 million, two months after closing a $660 million Series J financing round, as the Indian food delivery startup builds a war-chest ahead of its IPO later this year. Kora (which contributed $115 million), Fidelity ($55 million), Tiger Global ($50 million), Bow Wave ($20 million), and Dragoneer ($10 […]
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E-commerce firms in high spirits: BigBasket, Amazon, Swiggy and Zomato foray into alcohol delivery
Alcohol delivery is emerging as the next big thing in India’s e-commerce scene. BigBasket and Amazon recently acquired licences for delivering alcohol in West Bengal. Food aggregators Swiggy and Zomato are already offering alcohol delivery services in Jharkhand, Odisha and West Bengal. This could be a lucrative business for e-commerce companies as […]
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Zomato employees in Kolkata burn company T-shirts to protest Ladakh standoff
A group of Zomato food delivery platform employees in Kolkata tore and burnt their official T-shirts on Saturday in protest against the killing of 20 Indian soldiers by the Chinese Army in Ladakh last week. During the protest at Behala, some of them claimed that they had quit their job […]
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Zomato to raise $150 million from investor Ant Financial
Zomato is raising $150 million from investor Ant Financial, an Alibaba affiliate, at a valuation of $3 billion for the food delivery startup. Zomato’s top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13%. It had a […]