Monday, October 25, 2021

Zomato

Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer

Such food delivery apps will now be required to collect 5 per cent GST, or Goods and Services Tax, from consumers instead of the restaurant they pick up orders from, Finance Minister Nirmala Sitharaman said on Friday.

Zomato to stop grocery delivery service from September 17

The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts.

Zomato receives backlash over recent ads featuring Hrithik and Katrina

Now, the concern for these delivery personnel has yet again risen after Zomato’s recent ads featuring Hrithik Roshan and Katrina Kaif were released.

Zomato’s losses tripled since IPO, revenue up 28%

This is largely on account of non-cash ESOP expenses which have increased meaningfully in Q1 FY22 "due to significant ESOP grants made in the quarter pursuant to creation of a new ESOP 2021 scheme".

Bumper debut for Zomato; shares list with nearly 53 pc premium

The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE. It then hit a high of Rs 138, a jump of 81.57 per cent.

Pandemic or not, Hyderabadis swear by luscious biryani

Waiting for tables is slowly returning to usual, with crowds thronging popular restaurants, even going so far as to wait on roads on their bikes and cars just to get a table, and all this for biryani

Zomato’s Rs 9,375 cr IPO to open on July 14

The total IPO size is Rs 9,375 crore, comprising a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd, Zomato said.

Restaurants’ body moves CCI against Zomato, Swiggy

According to the NRAI, the anti-competitives actions of the aggregators include bundling of services, data masking, exorbitant commission charges, price parity agreements and deep discounting.

Zomato’s $100M investment to turn Grofers into unicorn: Report

According to TechCrunch, the proposed investment values the seven-year-old startup Grofers, which counts SoftBank as its largest investor, at over $1 billion.

Hyderabadis run campaign to help Zomato executive riding cycle buy motorbike

The campaign to raise money for the Zomato delivery executive went viral on social media and in less than 24 hours, it raised Rs.73,370 against the target of Rs.65,801.

Cloud kitchens in Hyderabad hit hard by pandemic

Owners say orders have come down drastically due to fear among people and lockdowns

Hyderabad police get stricter with lockdown, delivery boys taken to task

Hyderabad: The State Police on Saturday began clamping down on all unwarranted movement of the public, with anyone violating the lockdown guidelines being taken...

Police stop delivery executives, essential service personnel in Hyderabad

Hyderabad: The efforts of the City Police to go for stricter implementation of the lockdown met with some criticism on Saturday, with many questioning...

Zomato emerges most trusted brand during pandemic: Survey

Zomato was followed by Swiggy at a distant second position.

Zomato files for Rs 8,250 cr IPO as orders surge in pandemic

In a draft red herring prospectus (DRHP) filed with the market regulator, Zomato said it aims to raise Rs 8,250 crore in capital by offering the company's equity shares for sale.

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