These platforms, which began as aggregators, are now competing directly with their restaurant partners by offering their own products.
The clarification settles a long-standing debate between platforms and the government over whether aggregators are liable to remit tax on delivery…
Swiggy's Q1 FY26 results showed a strong revenue growth of 54% year-on-year to Rs. 4,961 crores, but the net loss widened sharply to Rs. 1,197…
In its filing on Monday, the Gurgaon-based company confirmed that the order is linked to goods and services tax (GST) for the period between July…
While revenue continues to rise, escalating expenses and competition leave Swiggy in the red.
Eternal, the parent company of Zomato and Blinkit, reported a marginal rise in its cash balance during the first quarter of FY26, despite significant…
The food delivery sector in India is projected to grow by 13–14 percent in the coming years, with a steady-state EBITDA margin of around 5 percent,…
According to a regulatory filing, Ranjan will cease to be designated as senior management personnel effective 6 July 2025.
Rapido plans to offer a lower commission range of 8 to 15 percent to restaurants, compared to the 16 to 30 percent currently charged by the existing…
Customers will now pay ₹15 for delivery between 4 and 6 km if the order value exceeds ₹150.
Beginning May 16, Gold members will be subject to the same surge rain fee as regular users, a charge aimed at ensuring fair compensation for delivery…
This growth comes alongside a strategic shift from Gross Order Value (GOV) to NOV reporting, offering a clearer picture of customer spend after…
Zomato Instant was followed by Zomato Everyday, offering homestyle meals with short delivery times, but that too has since been removed from the app.
The latest leadership transition reflects Zomato’s strategic approach to navigating a maturing and increasingly challenging food delivery landscape,…
One of the reasons for designing such a proposal was that there was no mandatory registration check by these players and there were unregistered restaurants supplying through these apps.
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 nutrition business.
This will also help restaurant partners save ₹2-5 (~0.5-1% of order value) on every order going forward.
The company has received intimation on August 18, 2021, regarding dissolution and winding up of Zomato USA LLC effective from August 17, 2021, the filing added.
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 INR).
Shares of Zomato Ltd closed at Rs 138.30 per scrip on BSE, down 0.79 per cent from its previous close.
Zomato IPO subscribed 1.32 times on day 2, sees huge participation from young & first time investors
According to the statement, 27% of people who completed the Zomato IPO application on Paytm Money's platform were less than 25 years old while 60% were less than 30 years old.
Out of the total allocation, 18.41 crore shares were allotted to 19 domestic mutual funds such as SBI, Axis, Aditya Birla, Kotak, Mirea to name a few.
Kotak Mahindra Capital Company, Morgan Stanley India Company Pvt Ltd and Credit Suisse Securities (India) Pvt Ltd are the global coordinators and book running lead managers to the issue.
Currently, orders are delivered through Zomato’s platform via EVs in cities such as Delhi, Bangalore and Mumbai.
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