Zomato Falls 11%, Closes at Fresh Low of Rs 47.55 as One-Year IPO Lock-In Ends
Zomato shares tumbled on Monday as investors scrambled to sell their shares after freezing all of its pre-IPO shares for a year. The stock closed...
Tag : Zomato
Zomato Shares Drop 14% to New Low as Pre-IPO Investor Lock-in Ends
Shares of the food delivery platform company fell 14% in intraday trading on the BSE on Monday, with Zomato hitting a record low of Rs...
Zomato Jumps 13% to Record Post-Lockdown Low, Draining Rs 89K Cr of Investor Wealth
Shares of food delivery platform operator Zomato Jumped more than 13% to a record low on July 25, after much of the company’s shares were...
Temasek’s India Exposure Hits $16 Billion Despite Market Downturn
Temasek Holdings exposure to India rose to a record $16 billion last year despite a sharp market correction as Singapore’s state investors boosted investments in...
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...
Zomato-Backed Shiprocket Acquires Pickrr for $200 Million
Zomato-backed logistics tech company Shiprocket signed an agreement to acquire a majority stake in Pickrr for $200 million, including cash, stock and proceeds. Last year,...
BigBasket Gets Rs 350 Crore from Its Holding Company
The innovative retail concept owned by Tata, which operates the online grocery platform BigBasket, has received a Rs 350 crore infusion from the holding company...
Swiggy Restores Genie, But Still Can’t Make Long-Distance Deliveries
After suspending Genie’s operations in cities including Bengaluru, Hyderabad and Mumbai for a week, food tech giant Swiggy has resumed operations this week, but with...
Swiggy Acquires Dineout, Times Internet’s Restaurant Technology Platform
Food aggregator and delivery platform Swiggy said on May 13 that it had signed a definitive agreement with Times Internet to acquire restaurant technology platform...