Tag: food delivery
zomato: Kotak raises Zomato fair value on higher contribution margin for food delivery
Kotak Institutional Equities has raised the per-share fair value of food and grocery delivery platform Zomato to Rs 125 from Rs 100 earlier. The increase…
zomato: Blinkit’s losses widen to 1,078 crore in FY23, revenue surges threefold: Report
Zomato-owned quick delivery platform Blinkit saw its losses increase 8.2 per cent to reach Rs 1,078.9 crore in FY23 from Rs 996.7 crore in FY22,…
Zomato reports first-ever quarterly profit, shares surge 14%
PTI | | Posted by Singh Rahul Sunilkumar Shares of online food delivery firm Zomato Ltd zoomed over 14 per cent in morning trade on…
zomato: Zomato management expects profitability to sustain after first ever quarterly PAT
Zomato’s management expects the food and grocery delivery platform to stay profitable going forward, after having posted its first ever consolidated profit after tax in…
Zomato records first ever quarterly profit of ₹2 crore
India’s Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms….
getir: Turkish delivery startup Getir to exit Italy, Spain and Portugal
Turkish food delivery startup Getir is withdrawing from Italy, Spain, and Portugal, the company said on Thursday, adding that it is finalising a funding round….
justmyroots: Sourav Ganguly buys minority stake in food delivery startup JustMyRoots
Former cricketer Sourav Ganguly has picked up a minority stake in food delivery startup JustMyRoots for an undisclosed amount and will also be undertaking endorsement…
Deepinder Goyal: Swiggy CEO says food-delivery biz turned profitable in March, Zomato’s Deepinder Goyal tweets ‘nicely done’
Swiggy cofounder and CEO Sriharsha Majety on Thursday said that the company’s food-delivery business has turned profitable for the first time in March since its…
ondc impact zomato: ONDC a threat to Zomato only if it scales up meaningfully, says Motilal Oswal
After falling nearly 8% over the past three trading sessions, Zomato shares bounced back thanks to a report by Motilal Oswal which reiterated a ‘Buy’…
food delivery: As delivery staff stress levels reach worrying highs, companies start acting
Ajay (name changed), working as a delivery boy of a popular online-delivery platform, was rushing to deliver his order, but got stuck in peak-hour traffic…