| Date | Title | Description |
| 04.11.2024 | Hyderabad's Hala Mobility Raises USD 6 Mn to Drive Green Mobility in Six New Cities The pre-Series A round saw participation from founders Srikanth and Snehith Reddy, Phani Ramineni, Rohan Bajaj syndi... | Hala Mobility, an innovative EV-as-a-Service platform based in Hyderabad, has secured INR 51 crore (around USD 6 million) in a pre-Series A funding round from the company's founders, Srikanth Reddy and Snehith Reddy.
The funding also saw in... |
| 04.11.2024 | magicpin Cuts Platform Fee By 29% To Drive Growth In Daily Orders | SUMMARY
Magicpin reduced platform fee to INR 5 from INR 7, while competitors Zomato and Swiggy increased their charges to INR 10
The company recorded 500K food orders during the festive weekend, doubling its year-on-year numbers, and proces... |
| 04.11.2024 | Zomato CEO Clarifies After ‘Future Dated’ Mushrooms Found At Hyderabad Warehouse | SUMMARY
Goyal pointed out that the incorrect packing date was a manual typing error on the vendor's part
In a post on X, Goyal acknowledged that FSSAI team identified 90 packets of button mushrooms with incorrect packaging dates
He emphasis... |
| 04.11.2024 | All Eyes on Swiggy IPO as it Sets to Open for Subscription on November 6 According to stock market observers, Swiggy on Monday, commanded a grey market premium of INR 22 per share, indicating that its... | As Swiggy is all set to open its initial public offering (IPO) this week on Wednesday, November 6, all eyes are on the food delivery startup. The choppy markets are further adding to the fervour. While the BSE Sensex plunged over 940 points... |
| 29.10.2024 | Swiggy likely to price $1.35 billion IPO at ₹371-390 per share, sources say | Swiggy will likely price its $1.35 billion domestic initial public offering, which opens next week, at 371-390 rupees per share ($4.41-$4.64), sources with direct knowledge of the matter told Reuters.
The IPO will open for subscription from... |
| 28.10.2024 | Tata’s Neu Looks To Ride The Quick Commerce Wave | SUMMARY
The Tata group’s ecommerce venture, Neu, is reportedly launching "Neu Flash" in the quick commerce segment, for select users with offerings in groceries, electronics and fashion
As per an ET report, Neu Flash will rely on ... |
| 26.10.2024 | Swiggy IPO To Open On Nov 6, Value The Company At $11.3 Bn | SUMMARY
The total size of the issue, including the offer for sale, will be INR 11,700 Cr to INR 11,800 Cr
Swiggy has cut its valuation target sharply and is now seeking a valuation of $11.3 Bn, slightly higher than its last private valuatio... |
| 23.10.2024 | The Rise of Instant Food: Yu and Zomato Lead the Charge in India’s Food Revolution | In the bustling world of food and beverage, two brands are carving their names into the fabric of Indian consumer culture: Yu and Zomato. Both companies are not just surviving; they are thriving. They embody the spirit of innovation and ada... |
| 23.10.2024 | After Zomato, Swiggy Hikes Platform Fee To INR 10 Per Order | SUMMARY
Swiggy raised its platform fee from INR 7 to INR 10 per order on its food delivery service
The increase comes a day after Zomato also hiked its platform fee
This marks Swiggy's latest revenue optimisation move ahead of its planned I... |
| 23.10.2024 | Zomato Jumps 3% After Upbeat Q2 Show | SUMMARY
Shares of Zomato surged as much as 4.6% to INR 268 during the intraday trading on Wednesday
Axis Securities maintained its buy rating on Zomato with a price target of INR 350, while Nuvama also maintained the buy rating with a price... |
| 23.10.2024 | Going Out Shines For Zomato In Q2, ‘District’ Launch In 4 Weeks | SUMMARY
After five consecutive quarters of rising profits, Zomato’s consolidated net profit tanked 30% QoQ to INR 176 Cr in Q2 FY25
Sequentially, gross order value (GOV) of the food delivery vertical rose a mere 5% QoQ to INR 9,690 Cr in Q2... |
| 22.10.2024 | Paytm Gets NPCI Nod To Onboard New UPI Customers | SUMMARY
The NPCI said that the nod will be contingent upon the fintech startup following all guidelines and circulars on risk management, brand guidelines, among others
It is pertinent to note that Paytm was hit by the Reserve Bank of India... |
| 22.10.2024 | Paytm’s Four-Step Plan To Revive Its Revenue Machine | SUMMARY
The net profit in Paytm’s books at the end of Q2 FY25 is only thanks to the substantial one time gain from the sale of the ticketing business to Zomato
Founder and CEO Vijay Shekhar Sharma and CFO Madhur Deora delved into Paytm’s pl... |
| 22.10.2024 | Zomato’s Q2 FY25 profits surge to ₹176 crore, revenues up 69% | Zomato posted a consolidated net profit of ₹176 crore in the second quarter of FY25, soaring five times over ₹36 crore in the corresponding quarter in the previous fiscal. Consolidated revenue from operations rose by 69 per cent to ₹4,799 c... |
| 21.10.2024 | Deepinder Goyal Incubates Health Tracking & Mental Wellness-Focused Venture | SUMMARY
The domain Continue.com, described as "The Ultimate Health Tracker," is associated with Upslope Advisors Pvt Ltd, a company registered in April this year
The website which reflects the current status of “Coming Soon” repor... |
| 20.10.2024 | Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto | Previous
FILE PHOTO: Zepto logo is seen displayed in this illustration taken May 2, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Gig workers prepare to deliver orders outside Swiggy's grocery warehouse at a market area in Ne... |
| 20.10.2024 | Mixed Week For New-Age Tech Stocks Amid Market Volatility, Zomato Emerges As Biggest Loser | SUMMARY
Out of the 28 stocks under Inc42’s coverage, 14 gained during the week in a range of 0.1% to 16%
TAC Infosec was the top gainer this week as its shares rallied almost 16% while Zomato nosedived more than 7%
Amid geopolitical uncerta... |
| 19.10.2024 | [Update] Karnataka To Impose 1-2% Transaction Fee On Platforms Like Zomato, Uber | SUMMARY
The funds collected from the transaction fee will be used to provide social security measures for gig workers
The amount collected from the transaction fee will go to a welfare board
Earlier this year, the Karnataka government unvei... |
| 18.10.2024 | Not Concerned About New Entrants In Quick Commerce: Blinkit CEO | SUMMARY
Albinder Dhindsa said that the company’s razor sharp focus on customers would help it offset any competition from new entrants
This comes close on the heels of reports saying that parent Zomato was mulling raising INR 9,000 Cr via Q... |
| 17.10.2024 | Zomato To Consider Raising Funds Via QIP | SUMMARY
Zomato said its board would consider raising funds by issuing equity shares via qualified institutional placement (QIP) during its meeting on October 22
However, it didn't provide any information about the quantum of funding that wo... |
| 16.10.2024 | Agarwal Stumbled over Exchanges on X Aggarwal's defensive and confrontational reaction not only escalated the controversy but also redirected the focus from the concerns of customers to the behaviour ... | In the past week, Ola shares saw a dip after a social media spat between its CEO Bhavish Agarwal and comedian Kunal Kamra due to a post on X by latter over the piling up of complaints of company's electric scooters.
Kamra who voiced against... |
| 15.10.2024 | Smartworks leases 450,000 square feet in Gurugram
Fadnavis lays foundation for Rs 1.5 billion infrastructure projects
Bengaluru Airport City unveils 2 million sq. ft. business park
Kolkata Metro to ce... | ECONOMY & POLICY Smartworks leases 450,000 square feet in Gurugram
15 Oct 2024 2 Min Read CW Team
Flexible workspace provider Smartworks has secured a lease for 450,000 square feet at the ASF Insignia Campus in Gurugram. This site prima... |
| 15.10.2024 | Mamaearth’s Chief Product & Technology Officer Jayant Chauhan Quits | SUMMARY
Jayant Chauhan, who joined Honasa in November 2020, will be serving his last day on November 30
Before joining Honasa, Chauhan served as the CPO of fintech major PB Fintech's PolicyBazaar. In his nearly two-decade-long career, he ha... |
| 14.10.2024 | Zomato's Independent Director Gunjan Soni Resigns Amid Increased Work Commitments Alongside her role at Zomato, Gunjan Soni is a Member of the Management Board, Chief Operating Officer of Global Fashi... | Zomato announced that its independent director, Gunjan Soni, has stepped down from her role due to heightened work commitments. The company shared the news in an exchange filing on Friday, confirming her resignation will be effective from t... |
| 14.10.2024 | Еда ушла с кухни в интернет | - |
| 12.10.2024 | Zomato’s Independent Director Gunjan Soni Steps Down Due To Increased Work Commitments | SUMMARY
Soni will also cease to be a member of the company’s risk management committee and corporate social responsibility committee
An alumna of XLRI Jamshedpur, Soni has previously helmed Jabong (later acquired by Myntra) and is currently... |
| 09.10.2024 | Reliance Retail Enters Quick Commerce Market, Set to Challenge Blinkit, Swiggy Instamart, and BigBasket In an effort to disrupt the rapid commerce industry, Reliance has already started testing pilot ... | Reliance Retail is making a strategic move into India's fast-growing quick commerce market, setting the stage for intensified competition with established players like Zomato-owned Blinkit, Swiggy Instamart, and BigBasket.
The retail brand ... |
| 09.10.2024 | Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO Other key leaders, including co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart hea... | IPO-bound food-tech brand Swiggy has granted employee stock ownership plans (ESOPs) worth USD 270 million (approximately INR 2,240 crore) to its co-founder and group CEO, Sriharsha Majety, along with other top executives, as revealed in the... |
| 08.10.2024 | Zomato Shares Rally Over 4% As HSBC Raises Target To INR 330 | SUMMARY
Shares of Zomato climbed over 4% after brokerage HSBC reaffirmed its ‘buy’ call on the stock, citing the company’s lead over Swiggy in terms of both growth and profitability across food delivery and quick commerce businesses
The sto... |
| 08.10.2024 | Ola, Uber rank lowest In Fairwork’s ratings for gig workers | Amazon Flex, Flipkart, Porter, Uber, Ola and others emerged as key under-performers, failing to meet basic criteria for fair pay, contract transparency, and worker representation for gig workers, according to Fairwork India Report 2024.
The... |
| 08.10.2024 | Top Companies Underperform on Fair Labour Standards for Gig Workers: Report This year, Fairwork evaluated 11 platforms in India including Amazon Flex, bigbasket, BluSmart, Flipkart, Ola, Porter, Swigg... | Gig workers are in the news after Zomato founder and CEO Deepinder Goyal said in a post on X (formerly Twitter) that he had posed as a delivery executive and was denied entry at a mall in Gurugram. He said that mall staff had asked him to t... |
| 08.10.2024 | Ola, Uber, Porter Score Zero Points On Fairwork’s Rating For Gig Workers | SUMMARY
BigBasket, Swiggy, Zomato, and Urban Company were the top scorers, getting six points each from the maximum 10 points
Interestingly, Ola and Porter failed to open their accounts in the previous edition of the rankings as well
‘Fairw... |
| 07.10.2024 | After Deepinder Goyal’s Exit, Snapdeal & Titan Capital’s Kunal Bahl Joins Shark Tank India | SUMMARY
Kunal Bahl cofounded Snapdeal in 2010 and venture capital firm Titan Capital in 2015, along with Rohit Bansal. He is also the promoter of recently listed SaaS startup Unicommerce
Last week, it was reported that Zomato CEO Deepinder ... |
| 07.10.2024 | Zomato CEO Deepinder Goyal Calls On Malls To Be ‘More Humane’ Towards Delivery Partners | SUMMARY
Goyal and his wife, Grecia Munoz, who now goes by Gia Goyal on Instagram, took on the role of delivery partners in Gurugram to gain firsthand experience of the challenges faced by delivery executives while dropping orders
The duo sh... |
| 07.10.2024 | ZOIL, India's First Cooked Zero Oil Cloud Kitchen for North Indian Cuisine Launches in Gurugram | Gurugram, Haryana, India
ZOIL, a pioneering cloud kitchen, has launched in Gurugram with a mission to provide heart healthy food options. Focusing on the benefits of zero-oil meals, ZOIL offers a menu designed for those seeking nutritious a... |
| 06.10.2024 | Zomato’s Deepinder Goyal Out Of Shark Tank India As Rival Swiggy Set To Sponsor The Show | SUMMARY
Zomato CEO Deepinder Goyal said that Swiggy, which will be sponsoring the next season of Shark Tank India, has sought his removal from the show
Swiggy, in its sponsorship negotiations, has stipulated that Goyal should not be part of... |
| 05.10.2024 | Swiggy to sponsor Shark Tank Season 4, excludes Zomato founder Deepinder Goyal as part of deal | Deepinder Goyal, who made his debut as a Shark on season 3, earned praise from viewers for his sharp questions and candid observations
IPO-bound food and grocery platform Swiggy is close to finalizing a deal to sponsor the fourth season of ... |
| 04.10.2024 | IPO-bound Swiggy launches 10-minute food delivery with Bolt | Rohit Kapoor, CEO of Swiggy’s Food Marketplace, shared the news on LinkedIn, stating,, “Iconic food brands have been built on the axis of time, taste and convenience. And today a few cities will enjoy the first trial of a unique (and hopefu... |
| 04.10.2024 | Swiggy Launches 10-Minute Food Delivery Service Bolt | SUMMARY
Swiggy Bolt is currently operational in six cities – Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune
Rohit Kapoor, CEO of Swiggy’s food marketplace, said the company is eyeing a pan-India roll out of the service in the near f... |
| 03.10.2024 | Zomato Expands ESOP Pool, Allots 1.2 Cr Stock Options | SUMMARY
Zomato has granted 116 stock options under the Foodie Bay ESOP 2014 scheme and 1.19 Cr stock options under Zomato ESOP 2021 scheme
Each stock option is convertible into one fully paid up equity share of a face value of INR 1 each an... |
| 02.10.2024 | Peak XV cuts size of its largest fund by 16% | VC firm Peak XV has pruned the size of its largest fund by 16per cent as growth-stage funding to the start-up ecosystem slowed down significantly over the past two years.
The firm had raised $2.85 billion for its eighth fund in May 2022, an... |
| 28.09.2024 | Zomato Co-Founder Akriti Chopra Resigns After 13 Long Years of Service Akriti joined Zomato as a senior manager of finance & operations back in November of 2011. Since then, there was no looking b... | Akriti Chopra, co-founder and chief people officer of Zomato, has decided to resign from the company after 13 years of dedicated service. The resignation is in immediate effect as of September 27, 2024. The company also put out the statemen... |
| 27.09.2024 | Swiggy Announces Plans for Landmark IPO with ₹10,000 Crore Issue The fresh issue and the OFS component will bring the company's IPO to INR 10,414 crore. | Food delivery platform Swiggy announced its plans to go public with its Initial Public Offering (IPO) in what looks to be one of the biggest listings in the current market debut boom in India and is proposed to be listed on BSE Limited and ... |
| 27.09.2024 | Zomato co-founder Akriti Chopra steps down to explore new avenue | Zomato on Friday said that Co-Founder and Chief People Officer, Akriti Chopra has tendered her resignation to pursue other interests.
Designated as Senior Management Personnel, Chopra tendered her resignation effective September 27, the onl... |
| 27.09.2024 | Restaurants must find ways to cut costs for their delivery partners: Zomato’s Rakesh Ranjan | In recent years, online delivery platforms have emerged as transformative forces within the restaurant industry, reshaping how food is ordered and delivered. However, alongside these advancements, concerns have been raised by the National R... |
| 27.09.2024 | Zomato Cofounder, CPO Akriti Chopra Quits | SUMMARY
Zomato said that Akriti Chopra has quit the company to pursue other interests
Chopra, who is also a senior management personnel, tendered her resignation on September 27
Chopra was elevated as the cofounder of the foodtech major in ... |
| 26.09.2024 | Peak XV Realises Exits Worth $1.2 Bn Since Split From Sequoia | SUMMARY
The VC major has sold stakes in “nearly a dozen” listed portfolio companies in the past year, including Zomato, Mamaearth, and Truecaller
Peak XV is also said to have offloaded stakes in startups such as K12 Techno, Pocket Aces and ... |
| 26.09.2024 | Zomato-backed adtech startup AdOnMo raised $25 M in new round | AdOnMo, an adtech startup supported by Zomato, has raised $25 million, or roughly Rs 209 crore, in a funding round headed by Indonesia-based Sinar Mas and Singapore-based venture capital (VC) firm Rigel Capital.
The startup had raised $15 m... |
| 26.09.2024 | Zomato-Backed AdOnMo Secures INR 58.21 Cr to Revolutionise Digital Out-of-Home Advertising AdOnMo will use the new funding to expand its presence from 24 to 40 cities in India and double its hyperloca... | Hyderabad-based ad-tech firm AdOnMo has raised INR 58.21 crore (approximately USD 7 million) in its Series B1 funding round. This marks the first significant capital infusion for the startup since its Series A round, which was led by Zomato... |
| 26.09.2024 | Swiggy files IPO papers, to raise Rs 3,750 crore via fresh issue | Swiggy IPO
Swiggy, the food and grocery delivery platform, has filed draft papers with the capital markets regulator SEBI to raise funds via an initial public offering. This would be the second company in the food delivery segment (after Zo... |
| 25.09.2024 | Healthy bread brand The Health Factory raises $3.5 million from Peak XV's Surge | ETtechVinay Maheshwari, founder of The Health Factory
Health-focused bread brand The Health Factory has raised $3.5 million in a seed funding round led by Surge, Peak XV’s scale up programme for early-stage startups.
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The H... |
| 24.09.2024 | CoRover AI secures $4 million in funding round led by Venture Catalysts | iStock
BharatGPT maker CoRover AI on Tuesday announced that it had received $4 million (about Rs 33 crore) in series A funding, led by Venture Catalysts.
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CoRover AI fundingCoRover AIVenture Catalystsfundinggenerative AICon... |
| 24.09.2024 | Concert Mania: BookMyShow, Zomato Take Legal Action Against Ticket Reselling Platforms | SUMMARY
BookMyShow has filed a police complaint in connection to the reselling of the tickets for its exclusive concert, ‘Coldplay: Music Of The Spheres World Tour’
BookMyShow said it has no association with ticket reselling platforms such ... |
| 24.09.2024 | Kids brand Tuco Intelligent raises $2 million in funding | ETtech
Kids personal care brand Tuco Intelligent has raised $2 million in a seed funding round led by Fireside Ventures and Whiteboard Capital.
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Tuco IntelligentmamaearthFireside VenturesWhiteboard Capitalkids personal care... |
| 24.09.2024 | Blue collar recruitment platform Vahan raised $10 M Series B funding | Khosla Ventures led the $10 million Series B funding round for the blue collar recruitment platform Vahan.ai. Y Combinator, the US venture capital firm Gaingels, and Paytm founder Vijay Shekhar Sharma also took part in the round.
The Bengal... |
| 24.09.2024 | E-visa startup Atlys raises $20 million in funding led by Peak XV, Elevation | ETtech
E-visa startup Atlys has raised $20 million in a series-B funding round that was led by existing investors Peak XV Partners and Elevation Capital.
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Read More ... |
| 23.09.2024 | Swiggy's IPO: A Culinary Leap into the Stock Market | Swiggy is stirring the pot. The food delivery giant is gearing up for a significant IPO, aiming to raise Rs 5,000 crore, roughly $602 million. This move marks a pivotal moment for the Bengaluru-based company, which has been a staple in the ... |
| 23.09.2024 | Zomato Hits Fresh All-Time High At INR 298.05 Amid Broader Market Rally | SUMMARY
Shares of foodtech major Zomato continued their four-day winning streak and climbed over 2% in early trading hours today to reach a fresh all-time high at INR 298.05 apiece on the BSE
The surge in share prices of Zomato came on the ... |
| 23.09.2024 | Food delivery and quick commerce company Swiggy to raise Rs 5,000 Cr via fresh issue | As part of its initial public offering (IPO), food delivery and quick commerce company Swiggy plans to raise Rs 5,000 crore ($602 million) through a new issue. With plans to seek board approval for the offer for sale (OFS) in the first week... |
| 21.09.2024 | Peak XV, others sell their Rs 1,600 crore stake in MamaEarth’s parent company | In total, Stellaris Ventures, Sofina Ventures, Fireside Ventures, and Peak XV (previously Sequoia Capital) sold shares in Honasa Consumer Limited, the parent company of the direct-to-consumer (D2C) skincare and beauty brand MamaEarth, for R... |
| 19.09.2024 | Vahan.ai: Pioneering Blue-Collar Recruitment with a $10 Million Boost | In the bustling world of recruitment, Vahan.ai stands out like a lighthouse in a storm. This Bengaluru-based platform has just secured $10 million in a Series B funding round, led by Khosla Ventures. The funding marks a significant mileston... |
| 19.09.2024 | YES BANK and Paisabazaar Launch Feature-rich 'PaisaSave' Cashback Credit Card | Mumbai, Maharashtra, India
Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with YES BANK, India’s sixth largest private sector bank, to unveil their co-branded credit card – ... |
| 19.09.2024 | Rishabh Pant picks up 2% stake in online software marketplace TechJockey | PTIRishabh Pant
Online software marketplace TechJockey on Thursday said cricketer Rishabh Pant has picked up 2 per cent stake in the company for Rs 7.40 crore. Techjockey, founded in 2017 by former Zomato Vice President Akash Nangia and his... |
| 19.09.2024 | TCS ranked the most valuable brand in Kantar’s BrandZ report | Tata Consultancy Services (TCS) was ranked the most valuable brand for the third year in a row with a brand value of $49.7 billion, according to the latest Kantar BrandZ report. HDFC Bank ($38.3 billion), Airtel ($29.9 billion), Infosys ($2... |
| 19.09.2024 | Zomato records 100% growth in brand value, MakeMyTrip enters list of top Indian firms | Zomato recorded highest growth in brand value.
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Zomato emerged as this year’s fastest riser with a 100 percent year-on-year growth in brand value at $3,5... |
| 19.09.2024 | Recruitment platform Vahan raises $10 million in funding led by Khosla Ventures | ETtech
Vahan, a recruitment platform for blue-collar workers, has raised $10 million in a funding round led by existing investor Khosla Ventures.
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| 19.09.2024 | Blue Collar Recruitment Platform Vahan.ai Raises $10 Million in Series B Funding The round was led by investor Khosla Ventures and saw participation from Y Combinator, Gaingels, and Paytm | Bengaluru-based startup Vahan.ai, an AI-powered recruitment platform for India's blue-collar workforce, announced it had raised USD 10 million in its Series B funding. The round was led by investor Khosla Ventures and saw participation from... |
| 17.09.2024 | Swiggy To Command Lower Valuation Than Zomato In Public Market: Elara Capital | SUMMARY
To trade on par or at a valuation premium to Zomato, IPO-bound Swiggy will not only need to gain market share in food delivery and quick commerce segments but also chart a path towards profitability, Elara Capital said
Getting close... |
| 16.09.2024 | Zomato Bans Use Of AI Generated Images By Restaurant Partners | SUMMARY
Effective from Monday (September 16), non-compliant restaurants will be delisted from the platform, Zomato’s food ordering and delivery division CEO Rakesh Ranjan said
Ranjan said that AI will continue to play an important role at Z... |
| 14.09.2024 | After Bengaluru, Flipkart’s ‘Minutes’ Ventures Into Delhi’s Quick Commerce Turf | SUMMARY
Walmart-owned Flipkart’s quick commerce service ‘Minutes’ has now been rolled out for Delhi users after Bengaluru.
Earlier last month, Flipkart ‘Minutes’ went live in parts of Bengaluru including HSR (Hosur Sarjapura Road) Layout, B... |
| 13.09.2024 | Zomato To Pay INR 9.85 Cr To West Bengal GST Authorities | SUMMARY
Zomato has received an adjudication order on August 12 from tax authorities in West Bengal pertaining to April 2020 to March 2021 period for GST demand, penalty and non-payment of GST on delivery charges
The foodtech major said that... |
| 12.09.2024 | Zomato Shares Hit Fresh All-Time High At INR 285.95 Amid Rally In Broader Markets | SUMMARY
Shares of Zomato jumped over 5% during intraday trading today to hit a fresh lifetime high at INR 285.95 apiece on the BSE
The rally in Zomato’s share prices coincided with the 30-share Sensex surpassing the 83,000 mark for the firs... |
| 10.09.2024 | Zomato Launches Developer Platform For PoS Partners | SUMMARY
The new developer platform will offer real-time API testing, enabling PoS partners to roll out new features for restaurants in significantly shorter development cycles
The platform will offer an integration guide and all related API... |
| 09.09.2024 | Quick Commerce Platforms Expand Into Smaller Cities Ahead Of The Festive Season | SUMMARY
As quick commerce is taking up increasing space in online shopping, the players in the segment are expected to see a big uptick in sales in the upcoming festive season
Swiggy Instamart, one of the first movers in the quick commerce ... |
| 06.09.2024 | Exclusive: Following Zomato’s Footsteps, IPO-Bound Swiggy Pilots Large Order Fleet | SUMMARY
IPO-bound Swiggy began the pilot recently in Delhi NCR region
The Invesco-backed startup has tied up with a three-wheeler electric vehicle (EV) manufacturer for the large order fleet
Swiggy has launched a number of new features this... |
| 06.09.2024 | HUL constitutes committee to evaluate ice cream business | Fast-moving Consumer Goods (FMCG) giant Hindustan Unilever Ltd (HUL) has constituted a committee, comprising its independent directors, to evaluate its ice cream business. The committee will evaluate the prospects of HUL’s ice cream busines... |
| 04.09.2024 | Paytm Allots 2.5 Lakh Equity Shares Under ESOP Schemes | SUMMARY
While 2,54,288 shares have been allotted under Employee Stock Option Scheme 2019, 620 shares have been allotted under Employee Stock Option Scheme 2008
With the fresh allotment, the issued, subscribed and paid-up equity share capita... |
| 04.09.2024 | Delhi Transport Minister Gahlot urges gig workers to embrace EVs
Axis Ecorp enters fractional ownership segment
Minister pushes for increased tariffs on Chinese steel imports
Coastal road project to p... | ECONOMY & POLICY Delhi Transport Minister Gahlot urges gig workers to embrace EVs
04 Sep 2024 2 Min Read CW Team
Delhi Transport Minister Kailash Gahlot lauded gig workers, including those from food delivery services, as 'Pradushan Yodh... |
| 03.09.2024 | Blinkit Best Placed To Make The Most Of Quick Commerce Boom, Raise Zomato PT To INR 353: CLSA | SUMMARY
CLSA expects Blinkit, Zepto and Swiggy Instamart to reach a cumulative gross order value of $10 Bn by FY26
The brokerage said Zomato will be the largest listed beneficiary in the quick commerce space, adding it expects Blinkit’s EBI... |
| 02.09.2024 | Индийский стартап по доставке продуктов Zepto достиг оценки в $5 млрд | Оценка индийского интернет-магазина продуктов питания Zepto выросла примерно на 40% до $5 млрд в ходе раунда финансирования, проведенного General Catalyst Partners, что стало последней крупной ставкой иностранных инвесторов на рынок электро... |
| 01.09.2024 | Quick commerce company Zepto raised $340 M at $5 B valuation | Fast-moving consumer goods startup Zepto has raised $340 million in a follow-on funding round led by General Catalyst, with new investors Dragon Fund and Epiq Capital. Previous investors Lightspeed, DST, Contrary, StepStone, and others uppe... |
| 31.08.2024 | Zomato’s GST Troubles: Foodtech Giant Receives Another Demand Notice | SUMMARY
Zomato said that the Sales Tax Officer in Delhi passed an adjudication order, raising the GST demand of INR 1.89 Lakh, with interest of INR 1.59 Lakh and applicable penalty
The foodtech major said it will pay the applicable dues giv... |
| 31.08.2024 | Zomato, Paytm & JFS May Enter F&O Segment After SEBI’s New Entry & Exit Rules: Nuvama | SUMMARY
As per Nuvama, as many as 18 stocks could exit the F&O market while 78 new companies may enter the derivatives markets due to SEBI’s new rules
The brokerage firm said that the exit review should “ideally” happen in December 2024... |
| 30.08.2024 | Zepto bags $340 million in funding, valuation jumps to $5 billion | ETtechZepto has raised $340 million more from General Catalyst, Mars Growth and Epiq Capital
Quick commerce firm Zepto has raised another $340 million (Rs 2,850 crore) from new investors General Catalyst, Mars Growth Capital and Epiq Capita... |
| 30.08.2024 | Rebel Foods’ losses narrow to ₹378 crore in FY24 | Cloud kitchen platform Rebel Foods, which runs brands like Faasos, Oven Story, Behrouz Biryani and others, has reduced its losses by 42 percent to ₹378 crore in FY24 from ₹657 crore in FY23.
The company has generated a revenue of ₹1,420 cro... |
| 29.08.2024 | GST Council may consider relief on life insurance premium | The GST Council is likely to consider giving relief on life insurance premium. As on date, insurance premium attracts GST up to 18 per cent.
It is believed that Fitment Committee (the committee of officers from Centre and State) has favoure... |
| 29.08.2024 | Zomato faces GST demands in Tamil Nadu, West Bengal | Zomato Limited, the Indian food delivery giant, disclosed it has received two GST-related demands for the financial year 2019-20. The tax demands, from authorities in Tamil Nadu and West Bengal, allege excess input tax credit usage and non-... |
| 29.08.2024 | IPO-bound Swiggy appoints former Flipkart VP Amitesh Jha as Instamart head | IPO-bound Swiggy has appointed Amitesh Jha, former Senior Vice President at Flipkart, as head of Instamart, the company’s quick commerce business. Phani Kishan, co-founder and current head of Swiggy Instamart, will transition to a larger ro... |
| 29.08.2024 | Wow! Momo Celebrates 15 Years with a Birthday Bash @99 | Kolkata, West Bengal, India
Wow! Momo, India’s favorite momo brand, is celebrating a milestone - 15 glorious years of serving delectable momos. As a special treat for our beloved customers, we’re offering all momos at just Rs. 99 on 29th &a... |
| 29.08.2024 | Zomato Slapped With Over INR 4 Cr GST Demand, Penalty Orders | SUMMARY
The tax orders consist of GST demand of over INR 2.3 Cr, interest of INR 1.58 Cr and penalty of over INR 27 Lakh
The notices relate to excess availment of input tax credit and non-payment of GST on delivery charges
Zomato said it pl... |
| 29.08.2024 | Monthly Update – July 2024 | Monthly Update – July 2024
Thu, Aug 29, 2024 08:00 CET Report this content
29 August 2024
Ashoka WhiteOak Emerging Markets Trust plc
(the "Company")
Monthly Update – July 2024
The Company's quarterly factsheet as at 31 July 2024 i... |
| 28.08.2024 | Zomato Unveils ‘Zomato for Enterprise’ To Ease Corporate Food Expense Management | SUMMARY
With ZFE, employees can simply bill their business orders directly to their employer, without having to pay
Companies can use ZFE to add employees, set budgets, define ordering rules and more, said Deepinder Goyal on X
The newest de... |
| 25.08.2024 | New-Age Tech Stocks Rally In Line With Broader Market, TAC Infosec Top Gainer This Week | SUMMARY
Shares of cybersecurity startup TAC Infosec surged nearly 35% this week after it said that it added 250 new customers in the month of July
Awfis gained over 25% this week as the coworking startup announced opening two new centres, w... |
| 24.08.2024 | Now, Zomato Launches Order Scheduling Feature | SUMMARY
Zomato's new feature allows scheduling of orders up to 2 days in advance for orders above INR 1,000.
The feature is currently available in Delhi NCR, Bengaluru, Mumbai, Ahmedabad, Chandigarh, Lucknow and Jaipur, and will eventually ... |
| 24.08.2024 | Paytm’s movie and ticketing biz acquired by Zomato for $244 M | Zomato, a foodtech and quick commerce platform, is going to buy Paytm’s movie and ticketing division. For the previous three months, the two companies have been carrying out the transaction. The Gurugram-based company’s first significant ac... |
| 23.08.2024 | Акции производителя самокатов Ola Electric выросли на 82% и достигли $7 млрд | Стремительный рост акций Ola Electric Mobility Ltd. подтверждает правильность намерения основателя вывести компанию на биржу, несмотря на первоначальный скептицизм относительно оценки.
Акции Ola Electric выросли почти на 82% менее чем за дв... |
| 23.08.2024 | Zomato Shares Jump Over 4% To Touch Intraday High At INR 269.75 | SUMMARY
So far this week, Zomato shares have touched the highest share price of INR 280 during its Monday trading session on August 19
The 52-week high and low price for its stock were at INR 280 and INR 88.16, respectively
The foodtech maj... |
| 22.08.2024 | Zomato to acquire Paytm’s entertainment ticketing business; launch new “District” app for going-out segment | Zomato, set to acquire Paytm’s entertainment ticketing business, will be launch its new app for the going-out business District, in the next few weeks. It plans to eventually transition and house its existing and acquired businesses in the ... |
| 22.08.2024 | Paytm-Zomato Ticketing Deal: Decoding Deepinder Goyal’s Plan To Make ‘District’ A Super Brand | SUMMARY
The deal, expected to close by September 2024, will pave the way for scaling up Zomato’s ambitions in the “going-out” space and build newer use-cases for its customers
The acquisition will set the stage for the debut of Zomato’s new... |
| 22.08.2024 | Paytm Share Jump Over 5% To Touch Intraday High Post Ticketing Business Deal | SUMMARY
However, the stocks pared some gains to trade at INR 576.8 per share at 11.30 AM, just marginally above the previous close at INR 573.
On Wednesday (August 21), Paytm signed a definitive agreement to sell its entertainment ticketing... |
