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New Delhi: Once the Rs 4,447 crore (about $568 million) acquisition of Blinkit is closed, Zomato will experiment with cross leveraging its customers base for Blinkit and vice versa, its Founder and CEO Deepinder Goyal has stressed. Goyal said that in India, super brands will work better than super apps. “Which means that the Blinkit […]
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New Delhi: It is not often that you find your Zomato delivery boy, handing you their job resumes. It is true that job searching is indeed a tedious task. However, Bengaluru’s Aman Khandelwal seemed to find an interesting way out. The man has created a buzz on the Internet as he disguised himself as a […]
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New Delhi: Food aggregator Zomato announcement of the acquisition of instant delivery service platform Blinkit has not gone down well with the investors as the former’s shares tumbled over 20 per cent since the announcement. The food aggregator company Zomato’s Board of Directors on June 24 approved a proposal to acquire the cash-strapped quick commerce […]
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New Delhi: Online food delivery platform Zomato on Friday announced it had acquired quick-commerce platform Blinkit for Rs 4,447 crore (about $568 million) in an all-stock deal. Zomato already owned more than 9 per cent stake in Blinkit (earlier Grofers). While the earlier Blinkit deal value was around $700 million, the drop in Zomato’s share […]
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Hyderabad: Zomato will recycle more than 100 per cent of all plastic used in food delivery packaging, the company announced today on twitter. On the account of World Earth day, Zomato CEO Deepinder Goyal tweeted saying that the food delivery platform is introducing “100 per cent plastic neutral deliveries” starting today. “From now on, every […]
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New Delhi: In a global first, food delivery platform Zomato on Monday announced to deliver food under 10 minutes, starting with Gurugram. Zomato Founder and CEO Deepinder Goyal said that the food delivery platform will not pressure its delivery partners to ensure a delivery in 10 minutes. “Time optimisation does not happen on the road, […]
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New Delhi: Leading online food delivery platform Swiggy is set to acquire Times Internet-backed dining out platform Dineout for close to $200 million, reliable sources said here on Monday. Dineout was also in talks with leading fintech platform Cred but Swiggy has apparently won the race. Sources told IANS that Swiggy-DineOut talks are now in […]
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Hyderabad: The food delivery app Zomato might have certainly bagged more than what it bargained for to convince Icon Star Allu Arjun for this ad commercial. The new commercial, posted by Zomato on its YouTube handle on Friday, is catching up well with netizens. The hilarious ad features Allu Arjun and actor Subbaraju as the […]
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Hyderabad: The year 2022 is turning out to be a growth-focused year for the startup ecosystem in Hyderabad. In a span of just seven days, the ecosystem has seen one startup becoming a unicorn, five startups raising funds, and another selling the stake to a top food aggregator platform. Experts point out that Hyderabad is […]
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Hyderabad: If you are a food lover or regularly order food online, you are going to feel the pinch when you place your next order with food aggregators such as Swiggy or Zomato. Effective January 1, food aggregators will have to collect and deposit tax at five per cent, as food vendors who are currently […]
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Hyderabad: Food delivery app Zomato had a special message for its customers on the occasion of Diwali. Remembering the loved ones we all lost during the second wave of Covid-19, Zomato wrote on Instagram, “To the homes that didn’t put up lights this year, where sweets have lost their taste for all… where the loss […]
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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.
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The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts.
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Now, the concern for these delivery personnel has yet again risen after Zomato’s recent ads featuring Hrithik Roshan and Katrina Kaif were released.
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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".
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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.
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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
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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.
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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.
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According to TechCrunch, the proposed investment values the seven-year-old startup Grofers, which counts SoftBank as its largest investor, at over $1 billion.
