"zomato"

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 […]

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 […]

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.

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

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

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".

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.

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

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.

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.

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

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.

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

Hyderabad: The State Police on Saturday began clamping down on all unwarranted movement of the public, with anyone violating the lockdown guidelines being taken to task. The strict implementation of the lockdown, however, triggered confusion and also several complaints with many saying even activities permitted by the State government in GO 102 were being stopped […]

Hyderabad: The efforts of the City Police to go for stricter implementation of the lockdown met with some criticism on Saturday, with many questioning why food delivery executives were beaten with lathis and detained or their vehicles seized in many places across the city. According to reports, delivery executives from Zomato and Swiggy, Uber Eats, […]

Zomato was followed by Swiggy at a distant second position.

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.

Foodtech platform Zomato on Wednesday rolled out a priority delivery feature for Covid-19 emergencies, including oxygen, Chief Executive Officer Deepinder Goyal announced on Twitter

The proposed investment comes at a time when rival food ordering platform Zomato is planning to go for an initial public offering (IPO) during the year

Zomato is also covering the medical expenses of the model-turned-makeup artiste who posted a video clip on social media platforms alleging an assault on her by the Zomato delivery executive.