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Zomato's loss widens 4.5x in Q3 amid slowdown in food delivery biz

Consumer

09 February, 2023

Zomato's loss widens 4.5x in Q3 amid slowdown in food delivery biz

Food delivery aggregator Zomato reported a four-fold increase in its net loss from Rs 63.2 crore to Rs 346.6 crore ......

Swiggy lays off 380 employees

TMT

20 January, 2023

Swiggy lays off 380 employees

Food and grocery delivery aggregator Swiggy has laid off 380 employees or nearly 6% of its 6,000-strong staff, becoming the ......

Bombay HC asks Rapido to stall ops in Maharashtra

TMT

13 January, 2023

Bombay HC asks Rapido to stall ops in Maharashtra

Bombay High Court has directed bike taxi aggregator Rapido to stop operation in Maharashtra immediately owing to the fact that ......

Alibaba sells 3% stake in Zomato

Consumer

01 December, 2022

Alibaba sells 3% stake in Zomato

Alipay Singapore, an arm of Alibaba Group Holding Ltd, sold 3.07% stake in online food delivery giant Zomato for ₹1,631 ......

Swiggy shuts The Bowl Company in Delhi NCR after pilot

TMT

30 November, 2022

Swiggy shuts The Bowl Company in Delhi NCR after pilot

Food delivery platform Swiggy, run by Bundl Technologies Pvt. Ltd, has drawn the curtains on its cloud kitchen, The Bowl ......

Swiggy's food delivery GMV grows to $1.3 bn in six months: Report

Consumer

23 November, 2022

Swiggy's food delivery GMV grows to $1.3 bn in six months: Report

Food tech major Swiggy has seen grwoth in its total sales and order volume in the first six months of ......

Zomato head of new businesses Rahul Ganjoo resigns

People

14 November, 2022

Zomato head of new businesses Rahul Ganjoo resigns

Zomato's new initiatives head and former food delivery chief Rahul Ganjoo has stepped down from the company, regulatory filings showed. Ganjoo ......

Zomato rekindles hope of profitability in 6 months

Consumer

30 August, 2022

Zomato rekindles hope of profitability in 6 months

Zomato management reiterated that the food delivery company is expected to hit profitability over the next six months in its ......

Zomato aiming at break-even by next year

Consumer

10 August, 2022

Zomato aiming at break-even by next year

Online food delivery platform Zomato Ltd is targeting to achieve the breakeven level between the fourth quarter of this fiscal ......

Zomato shares sharply higher after net loss halves in Q1

Consumer

02 August, 2022

Zomato shares sharply higher after net loss halves in Q1

Shares of online food delivery aggregator Zomato rallied nearly 8% on the BSE to ₹49 apiece in Tuesday's opening deals ......