Tag: Zomato
17 Results
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Zomato, Swiggy suffer brief outage due to ‘technical glitch’
Various users took to social media with complaints like unable to place orders or browse menus.
April 6, 2022 -
Zomato shares decline as CCI probes alleged unfair business practices
Following a complaint from the National Restaurant Association of India (NRAI), the CCI said that it is of the view that there exists a prima facie case with respect to some of the conduct of Zomato and Swiggy, "which requires an investigation by the Director General (DG), to determine whether the conduct of platforms have resulted in contravention of the provisions".
April 5, 2022 -
Markets open on positive note; stocks of Zomato, Asian Paints in green
At 9.30 a.m., the S&P BSE Sensex of the BSE traded at 60,166.86 points, up 0.26 per cent.
November 18, 2021 -
After Zomato, Policybazaar IPO to keep markets racing
A major chunk of money raised through the IPO will be used for expansion of the company's operations and for furthering growth plans
August 2, 2021 -
Markets trade in green; healthy response to Zomato’s debut
According to Binod Modi, Head Strategy at Reliance Securities: "Domestic equities look to be modestly good as of now."
July 23, 2021 -
Zomato flies on market debut, up 68% from issue price
Post the stellar debut, the market capitalisation of Zomato is around Rs 1 lakh crore. Currently, it is at Rs 96,103.45 crore.
July 23, 2021 -
Zomato seeks CCI nod for 9.3% stake in Grofers
Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.
July 1, 2021 -
Zomato emerges most trusted brand during pandemic: Survey
Amazon and Flipkart continued to be locked in the ecommerce battle.
May 4, 2021 -
Zomato inks strategic partnership with InCred
The InCred-Zomato tie-up aims to extend financial assistance to cash-strapped businesses for meeting their business growth and working capital needs.
December 21, 2020 -
Zomato closes $660 million funding round at $3.9 billion valuation, says Deepinder Goyal
In another tweet, Goyal said that on top of this USD 660 million, the company is in the process of closing a USD 140-million secondary transaction.
December 19, 2020 -
Food delivery recovering, restaurants suffering
The global food delivery business is expected to reach $8 billion market value by 2022, according to a Boston Consulting Group and Google report.
August 22, 2020 -
Zomato employees burn t-shirts to mark protest against Chinese investment in firm
The protest came against the backdrop of killing of 20 Indian soldiers in a clash with the Chines army at Galwan Valley.
June 28, 2020 -
Instagram partners with Swiggy, Zomato to help COVID-19 crisis hit small restaurants
Under this initiative, businesses can now share Instagram's new food order sticker on their Stories, and people can tap to place their order through the Swiggy and Zomato website.
June 4, 2020 -
After Jharkhand, Zomato launches liquor home delivery service in Odisha
The central government’s move to allow sale of liquor during phase four of the nationwide lockdown led to serpentine queues and crowd gathering, thrashing all the norms of social distancing required to combat coronavirus pandemic.
May 26, 2020 -
Swiggy follows Zomato, announces 14% layoffs as Covid-19 lockdown dampens business
Swiggy’s big moves come a few days after its arch-rival, Zomato, layoff its 13 per cent of its workforce.
May 18, 2020 -
13pc Zomato employee face layoffs, remaining face 50pc pay cuts due to Covid-19
The Covid-19 caused lockdown has taken its toll on the restaurant industry and therefore, its related stakeholders are suffering too, which is resulting in job and pay cuts.
May 16, 2020 -
Zomato acquires Uber Eats India for around Rs 2,500 crore in an all-stock deal
Uber Eats in India will discontinue operations and direct restaurants, delivery partners.
January 21, 2020