Zomato
TMT
Govt orders Zomato to pay $95 mn in taxes, fines
India's tax department has ordered Zomato to pay 8.04 billion rupees ($94.8 million) in taxes and fines for non-payment of ......
TMT
Quick commerce unicorn Zepto set to see another $100-mn-plus transaction
Quick commerce startup Zepto, which sealed a $350 million round bankrolled by domestic investors including several family offices just weeks ......
TMT
Swiggy posts narrower Q2 loss on quick commerce growth
Indian food and grocery delivery firm Swiggy reported a narrower quarterly loss on Tuesday as the newly listed company saw ......
General
Grapevine: Boat, Zomato, Brookfield, Porter, Piramal-Bain ARC, Oyo, MPL in news
Gentari Sdn Bhd has agreed to acquire a renewables portfolio from Brookfield Asset Management, while Zomato has enlisted Morgan Stanley, ......
TMT
Swiggy delivers 17% surge in trading debut as investors bet on quick commerce
SoftBank-backed Swiggy's shares ended nearly 17% higher in their trading debut in India on Wednesday, signalling growing investor confidence in food and ......
TMT
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 ......
TMT
Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom
Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in ......
Consumer
Reliance plays catch-up to ride India quick commerce wave
Asia's richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to drastically change how his retail empire ......
TMT
Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest
Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of ......
TMT
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 ......
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