Tag: online food delivery

Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares and expanding to 2,000 stores by 2026 as competition intensifies in India's delivery sector.(Reuters)
Posted in Business

Zomato misses Q2 profit estimates, hurt by store expansion costs

Oct 22, 2024 04:34 PM IST Zomato plans to raise 85 billion rupees through share issuance and aims for 2,000 stores by 2026 amid increasing…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

swiggy: Zomato, Swiggy seek a route to reach bottom of the pyramid

Online food delivery platforms Zomato and Swiggy are exploring innovative strategies to attract value conscious, bottom-of-the-pyramid consumers amid a sluggish expansion in customer acquisition. Bengaluru-based…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

swiggy: Swiggy introduces ‘WhatToEat’ feature offering customised food choices to users

Online food delivery platform Swiggy on Tuesday said it has introduced an industry-first ‘WhatToEat‘ feature aiming to simplify the selection process by offering personalised recommendations…

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