Swiggy Zomato Shares Slump Over Growing Competition
Shares of rapid commerce companies Swiggy and Zomato continued to decline, falling an additional 3% on January as worries about the industry’s escalating competitiveness grew....
Tag : Blinkit
Quick Commerce Penetration Beyond Metro Cities in India
Quick Commerce services in India are at a crucial stage, similar to food delivery services a few years ago. The quick commerce sector in India...
Zomato Shares Soar to a 52-week High as it Reports First Ever Net Profit
Zomato share prices rose as much as 13.5% during the intraday trade on Friday as the food aggregator posted its first-ever profit aided by operational...
Zomato Shares Rise 2% After Q4 Loss Narrows, Boosting Profit Hopes
Shares of Zomato Ltd rose nearly 2% on May 22 after narrowing losses in the fourth quarter, and the company said it expects to be...
Blinkit Delivery Riders Go on Strike as Payout Reduced Rs 15 per Delivery, 60+ Dark Stores Shut
Zomato-owned quick commerce platform Blinkit has reportedly shut down over 100 dark kitchens in Delhi-NCR regions of Gurugram, Faridabad, Ghaziabad, Noida, and Greater Noida due...
Zomato Shares Rise Ahead of December Quarter Results
With Paytm turning an operating profit in the third quarter, all eyes are now on Zomato’s October-December 2022 quarterly results to see if the new-age...
Zomato Cuts Investment in Blinkit to $320 Million
In an earnings call on August 2, Zomato co-founder Deepinder Goyal said that Zomato is lowering its overall investment guidance in Blinkit to $320 million...
Zomato Surges 9% as June Quarter Net Loss Narrows to Rs 186 Crore
Shares of Zomato surged 9% to Rs 50.45 in intraday trade on the BSE on Tuesday after the food aggregator reported a consolidated loss of...
Zomato Tumbles 14% in 2 Days Post Blinkit Acquisition Deal
On Tuesday, the online food delivery platform Zomato extended its decline as it shed 7.5 per cent and hit a low of Rs 61 per...
Zomato Board Approves Acquisition of Blinkit for Rs 4,447 Crore
On June 24, Zomato approved the acquisition of fast commerce firm Blinkit on the food delivery company’s board in an all-stock deal of Rs 4,447...
