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Zomato gets RBI approval to operate as 'online payment aggregator'

Zomato gets RBI approval to operate as 'online payment aggregator'

Thu, Jan 25, 2024

"We wish to inform that ZPPL has been granted a certificate of authorisation dated January 24, 2024, from the RBI to operate as an 'Online Payment Aggregator' in India with effect from January 24, 2024, as per the guidelines issued by the RBI," Zomato said in an exchange filing.

Zomato hits fresh 52-week high again; can you still join the party?

Zomato hits fresh 52-week high again; can you still join the party?

Fri, Jan 12, 2024

With that, the stock took its overall upmove to 6.6 per cent in four days, having scaled a series of 52-week highs this week.

Zomato to show muted business, stock performance this year, says HSBC; target raised

Zomato to show muted business, stock performance this year, says HSBC; target raised

Thu, Jan 11, 2024

Zomato posted a net profit of Rs 36 crore for the September quarter, driven by higher food delivery orders, as against a net loss of Rs 251 crore for the corresponding period a year ago.

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Zomato discontinues this premium membership scheme; Check The Details Here

Zomato discontinues this premium membership scheme; Check The Details Here

Mon, Aug 22, 2022

Online food delivery platform Zomato has stopped signing up new users or renewing old subscriptions for its loyalty dining membership programme called `Pro`, as the Deepinder Goyal-run company is working with customers and restaurant partners to craft a new programme.

Zomato Pro membership discontinued: No renewal, sign-ups allowed - To bring new scheme soon

Zomato Pro membership discontinued: No renewal, sign-ups allowed - To bring new scheme soon

Mon, Aug 22, 2022

Zomato Pro Plus: Zomato reported Rs 185.7 crore in consolidated loss for the quarter ending June 30, compared to a loss of Rs 359.7 crore in the previous quarter.

Zomato withdraws Hrithik Roshan-starrer ad amid backlash, issues apology

Zomato withdraws Hrithik Roshan-starrer ad amid backlash, issues apology

Mon, Aug 22, 2022

The food delivery firm said that the video is part of the pan-India campaign for which Mahakal Restaurant (simplified as Mahakal) was chosen in Ujjain.

Zomato Hrithik Roshan ad: Mahakal temple priests want online food delivery firm to withdraw `offensive' advertisement

Zomato Hrithik Roshan ad: Mahakal temple priests want online food delivery firm to withdraw `offensive' advertisement

Sun, Aug 21, 2022

They also approached Ujjain district collector Ashish Singh who is the chairman of the Mahakal temple trust and sought action against the company.

Blinkit will now deliver printouts to your doorstep in 10 minutes

Blinkit will now deliver printouts to your doorstep in 10 minutes

Fri, Aug 19, 2022

The new service on the platform arrives as Zomato is set to experiment with cross leveraging its customers base for Blinkit and vice versa.

Zomato-backed Shiprocket becomes India’s 106th unicorn with $33.5 mln funding

Zomato-backed Shiprocket becomes India’s 106th unicorn with $33.5 mln funding

Thu, Aug 18, 2022

Zomato-backed logistics technology platform Shiprocket on Aug 17 became India's 106th unicorn after raising $33.5 million (about Rs 270 crore) in a funding round co-led by Temasek and Lightrock India.

Zomato-backed Shiprocket, valued at $1.2 billion, is India's 106th unicorn

Zomato-backed Shiprocket, valued at $1.2 billion, is India's 106th unicorn

Thu, Aug 18, 2022

Launched in 2017, Shiprocket delivers packets to more than 66 million consumers annually and is growing 3 times year on year.

Zomato targets breakeven by Q2 FY24, lowers investment guidance to USD 320 mn

Zomato targets breakeven by Q2 FY24, lowers investment guidance to USD 320 mn

Wed, Aug 10, 2022

Zomato, which earlier this year gave an investment guidance of USD 400 million for the next couple of years on quick commerce, has now reduced it to about USD 320 million

brokerage report of this week ready with the new stocks to add in your portfolio

brokerage report of this week ready with the new stocks to add in your portfolio

Sat, Aug 06, 2022

Global brokerage are bullish on these sectoral specific stocks and give targets to investors for new buying. In this video know full list of these stocks and target price

After Uber, Tiger Global reduces its stake by almost half in Zomato

After Uber, Tiger Global reduces its stake by almost half in Zomato

Thu, Aug 04, 2022

Zomato said investment firm Tiger Global has reduced its stake in the company by almost half to 2.77% by selling over 18.45 crore shares in the open market.

After Uber, another American firm sells its stake in Zomato

After Uber, another American firm sells its stake in Zomato

Thu, Aug 04, 2022

Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 percent in the online food delivery platform before the sale. Between July 25- August 2, 2022, the fund sold over 18.45 crore shares aggregating to 2.34 percent stake in the company in the open market, Zomato said in a regulatory filing.

Uber lost $707 million in Zomato investment this year; food delivery company reacts

Uber lost $707 million in Zomato investment this year; food delivery company reacts

Thu, Aug 04, 2022

The Zomato block deal was executed at Rs 50.44 per share equivalent to 612 million or 7.8 per cent of total outstanding shares.

Zomato share price plunges 7% on reports of Uber stake sale

Zomato share price plunges 7% on reports of Uber stake sale

Wed, Aug 03, 2022

During intraday, shares of Zomato Ltd fell up to 6.8% on Aug 3, in their biggest drop in more than a week, a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm.

Uber sells 7.8% stake in Zomato for this amount?

Uber sells 7.8% stake in Zomato for this amount?

Wed, Aug 03, 2022

The Zomato block deal was executed at 50.44 rupees per share. Zomato and Uber did not immediately respond to requests for comment.

Zomato share price tanks nearly 7% amid reports of Uber stake sale

Zomato share price tanks nearly 7% amid reports of Uber stake sale

Wed, Aug 03, 2022

Uber is the likely seller of a 7.8% stake in Zomato, a source with direct knowledge of the matter told Reuters on Tuesday.

Zomato stock to remain under pressure as Uber may exit food delivery company through block deal

Zomato stock to remain under pressure as Uber may exit food delivery company through block deal

Wed, Aug 03, 2022

The sources said the offer price range for the deal to be carried out on Wednesday will be between Rs 48-54 per share.

Zomato Shares Zoom 20% After Q1 Loss Narrows, Company Gives Clarifications On Results, Arman Details

Zomato Shares Zoom 20% After Q1 Loss Narrows, Company Gives Clarifications On Results, Arman Details

Tue, Aug 02, 2022

Zomato jumps 20% on reduction in losses. Zomato ran about 30% in 5 days. Company gives clarifications on results. What is the statement of management? Know full details from Arman Nahar.

Brokerages bullish on Zomato post Q1FY23 results, See up to 150% upside--Check Targets Here

Brokerages bullish on Zomato post Q1FY23 results, See up to 150% upside--Check Targets Here

Tue, Aug 02, 2022

Shares of Zomato rose over 17% in Aug 2's intraday trade after the food aggregator company's consolidated net loss almost halved to Rs 186 crore in the Q1FY23 against a net loss of Rs 360.7 crore in the same quarter of the previous year

Zomato Q1 Results: Quarterly financial performance, earning details out - Check here

Zomato Q1 Results: Quarterly financial performance, earning details out - Check here

Mon, Aug 01, 2022

Zomato Q1 Results: Net loss was at 1.86 billion Indian rupees ($23.52 million)for the three months ended June 30, compared with a loss of 3.56 billion rupees a year ago, the company said in a regulatory filing.

Zomato share price: Buy, sell or hold? What retail investors should do - Anil Singhvi explains

Zomato share price: Buy, sell or hold? What retail investors should do - Anil Singhvi explains

Wed, Jul 27, 2022

Zee Business Managing Editor Anil Singhvi has advised retail investors to stay away from the food delivery platform's stock and look for better options. He said that it all depends on "how you look at Zomato", adding that the first factor is "will this selling take a pause now and the scrip will no longer be under pressure?".

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