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Retail group seeks antitrust probe of Swiggy, Blinkit, Zepto

TMT

21 October, 2024

Retail group seeks antitrust probe of Swiggy, Blinkit, Zepto

India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, ......

Swiggy gets shareholder nod to upsize IPO fresh issue

TMT

04 October, 2024

Swiggy gets shareholder nod to upsize IPO fresh issue

SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size ......

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Grapevine: KKR reworking BookMyShow deal; Race for Ayana Renewable in final lap

General

05 September, 2024

Grapevine: KKR reworking BookMyShow deal; Race for Ayana Renewable in final lap

Private equity firm KKR is renegotiating its planned deal to invest in Reliance Industries-backed BookMyShow, India’s largest online ticketing platform, a ......

Swiggy beats Zomato in food delivery race but lags in quick commerce

TMT

04 September, 2024

Swiggy beats Zomato in food delivery race but lags in quick commerce

IPO-bound Swiggy’s consolidated revenue from operations increased nearly 36% to Rs 11,247 crore in the financial year ending March 2024, ......

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 ......

China's Antfin sells nearly half its stake in Zomato for $570 mn

TMT

20 August, 2024

China's Antfin sells nearly half its stake in Zomato for $570 mn

Alibaba Group's Antfin Singapore sold shares worth 47.72 billion rupees ($570 million) in India's Zomato on Tuesday, cutting its stake ......

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 ......

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Swiggy investor keeps valuation unchanged ahead of IPO as Zomato retains rich tag

TMT

16 July, 2024

Swiggy investor keeps valuation unchanged ahead of IPO as Zomato retains rich tag

Food delivery firm Swiggy, which is set to file for a potential public offering after re-entering the decacorn club of startups earlier this ......

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How Paytm, Zomato and other internet-related businesses are valued on stock markets

TMT

15 July, 2024

How Paytm, Zomato and other internet-related businesses are valued on stock markets

In the second half of 2021, the pandemic-driven boom in technology stocks prompted many Indian internet-related business ventures to float ......

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Grapevine: Zepto eyes fresh funding; Zomato brings back former senior execs

General

02 July, 2024

Grapevine: Zepto eyes fresh funding; Zomato brings back former senior execs

Quick commerce startup Zepto, which raised $665 million (Rs 5,555 crore) in a fresh round of funding a month ago, ......