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Grapevine: Accel India, Aakash Chaudhry, and Nithin Kamath in news

General

23 December, 2024

Grapevine: Accel India, Aakash Chaudhry, and Nithin Kamath in news

Accel India has raised $650 million for its eighth fund, and Aakash Chaudhry, co-founder of Aakash Educational Services Ltd, has ......

CCI finds Zomato, Swiggy's food delivery businesses in breach of antitrust laws

TMT

08 November, 2024

CCI finds Zomato, Swiggy's food delivery businesses in breach of antitrust laws

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices ......

Zomato misses Q2 profit estimates as expansion costs squeeze margin

TMT

22 October, 2024

Zomato misses Q2 profit estimates as expansion costs squeeze margin

India's Zomato reported a smaller-than-expected rise in profit for the second quarter on Tuesday as margins took a hit from ......

Zomato to acquire Paytm's movie and events ticketing business for $244 mn

TMT

21 August, 2024

Zomato to acquire Paytm's movie and events ticketing business for $244 mn

Indian food delivery platform Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments ......

Zomato posts higher Q1 net profit as grocery delivery business shines

TMT

01 August, 2024

Zomato posts higher Q1 net profit as grocery delivery business shines

India's Zomato reported a bigger-than-expected increase in quarterly profit on Thursday, boosted by strong demand for its food and grocery ......

Zomato's Q4 profit falls below analyst expectations, advertising spends higher

Finance

13 May, 2024

Zomato's Q4 profit falls below analyst expectations, advertising spends higher

Indian food delivery platform Zomato reported a smaller-than-expected quarterly profit on Monday, hurt by surging advertising expenses as it grappled with intensifying ......

Nexus-backed wearable startup Ultrahuman secures $35 mn in equity, debt

TMT

20 March, 2024

Nexus-backed wearable startup Ultrahuman secures $35 mn in equity, debt

Nexus-backed wearable technology startup Ultrahuman on Wednesday said it has secured $35 million (Rs 291 crore) in a mix of ......

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SoftBank nears more than $350 mn India exit

TMT

20 October, 2023

SoftBank nears more than $350 mn India exit

Japanese technology investment goliath SoftBank, which has been on a harvest spree in India having offloaded shares of Paytm, FirstCry ......

Zomato reports first-ever net profit on back of tax credit

TMT

03 August, 2023

Zomato reports first-ever net profit on back of tax credit

Foodtech major Zomato reported its first net profit on Thursday propelled by a tax gain, a quarter ahead of its ......

Deepinder Goyal steps down from Urban Company board as Blinkit may enter home services space

TMT

01 March, 2023

Deepinder Goyal steps down from Urban Company board as Blinkit may enter home services space

Zomato's co-founder and chief executive officer Deepinder Goyal has resigned from the board of Urban Company as the Zomato's owned ......