Zomato to achieve breakeven by Q2 FY24, says CFO Akshant Goyal
In an analyst call, Goyal said Zomato was already positive on cash flow with its adjusted EBITDA losses at Rs 150 crore and other income was Rs 170…
  • By - Nusra
  • Nov 08, 2022 / 3 MIN READ
Tiger sells 2.34%, about 184 mn stake of Zomato
After the sale, Tiger Global now holds a 2.77% stake in the company, the filing shows.
  • By - Nusra
  • Aug 05, 2022 / 2 MIN READ
Govt asks online food aggregators including Swiggy, Zomato to improve grievance redressal mechanism
The department of consumer affairs directed e-commerce FBOs to transparently show consumers the breakup of all charges included in the order amount…
  • By - Nusra
  • Jun 14, 2022 / 4 MIN READ
UrbanPiper raises $24 mn from Swiggy, Zomato & others
UrbanPiper clientele includes brands like McDonald's, Pizza Hut, KFC, Subway, Cure Foods, Taco Bell, Rebel Foods among others.
  • By - Nusra
  • Apr 18, 2022 / 3 MIN READ
Zomato on-boards Chaayos, Blue Tokai and others for 10-min delivery
If Zomato Instant works as envisioned, it will create significant impact on Affordability (at least 50% reduction in cost to the end customer),…
  • By - Nusra
  • Mar 31, 2022 / 2 MIN READ
Mukunda Foods raises $5 mn from Zomato as a part of Series A round
The company also plans to use a part of the raised capital to introduce multiple ROI based models to help the F&B businesses scale.
  • By - Nusra
  • Mar 26, 2022 / 3 MIN READ
How Zomato's 10-minute food delivery would work
“We deeply care about how we do, what we do. So, the first thing we told ourselves when we thought about instant food delivery was ‘no compromises’.…
  • By - Nusra
  • Mar 23, 2022 / 2 MIN READ
Zomato acquires 16.66% share of kitchen equipment & robotic brand Mukunda Foods
The proposed investment is subject to fulfilment of certain customary conditions precedent and other terms and conditions agreed under the investment…
  • By - Nusra
  • Mar 16, 2022 / 2 MIN READ
Online ordering to get costlier as 5% GST now applicable on Swiggy, Zomato
Starting Jan 1, food aggregators like Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate.
  • By - Nusra
  • Jan 03, 2022 / 2 MIN READ
DoorDash acquires food delivery platform Wolt
Under Miki's leadership, the brand expect to increase their international scale, accelerate product development, and improve our investment…
  • By - Nusra
  • Nov 10, 2021 / 3 MIN READ
GST Council may levy 5% tax on delivery brands, discussion tomorrow
One of the reasons for designing such a proposal was that there was no mandatory registration check by these players and there were unregistered…
  • By - Nusra
  • Sep 16, 2021 / 2 MIN READ
Zomato's co-founder Gaurav Gupta resigns to start a 'new turn' in life
Gupta joined Zomato as business head for table reservations in 2015, and was moved to a co-founder role in 2019 to focus on launching the company’s…
  • By - Nusra
  • Sep 14, 2021 / 3 MIN READ
You can now skip plastic cutlery on ordering online as Zomato takes a step closer to environment
This will also help restaurant partners save ₹2-5 (~0.5-1% of order value) on every order going forward.
  • By - Nusra
  • Aug 31, 2021 / 3 MIN READ
Food delivery platform Zomato winds up Zomato USA LLC
The company has received intimation on August 18, 2021, regarding dissolution and winding up of Zomato USA LLC effective from August 17, 2021, the…
  • By - Nusra
  • Aug 20, 2021 / 2 MIN READ
Zomato delivers one billion orders, loss widens to INR 3.6 billion in Q1 FY22
As per Zomato, India food delivery GOV in Q1 FY22 grew by 37% QoQ to INR 45.4 billion ($605m), from INR 33.1 billion ($442m) in Q4 FY21 (@ 1 USD = 75…
  • By - Nusra
  • Aug 11, 2021 / 4 MIN READ


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