Swiggy, a leading food delivery aggregator in India, experienced a significant drop in its share prices on January 21, 2023. The company’s shares plummeted by 11%, reaching an intraday low of ₹427.20. This decline has raised eyebrows in the financial community, primarily due to the underwhelming quarterly results reported by its main competitor, Zomato. Understanding ...
The recent decline in the stock prices of Swiggy and Zomato has raised eyebrows in the food delivery market. This drop comes at a critical juncture when the National Restaurant Association of India (NRAI) has approached the Competition Commission of India (CCI) regarding the business practices of these major players in the online food delivery ...
Zomato, one of India’s leading food delivery platforms, has recently made a significant change that has surprised many of its users. Just ahead of the festive season of Diwali, Zomato has increased its platform fees from ₹7 to ₹10. This decision comes at a time when consumers are already facing heightened expenses due to the ...
In a significant development for the company, Zomato is set to raise funds following the approval of its Qualified Institutional Placement (QIP). This move comes as part of the company’s strategy to strengthen its financial position and support its growth initiatives in the highly competitive food delivery market. Additionally, Zomato will announce its quarterly results ...
In the ever-evolving landscape of entrepreneurship and innovation, certain individuals stand out for their unique contributions. One such figure is Deepinder Goyal, the founder and CEO of Zomato, who gained immense popularity as a judge on the previous season of the reality show Shark Tank. With the fourth season of Shark Tank currently in production, ...
Zomato, one of India’s leading food delivery platforms, has recently experienced a significant leadership change. Akriti Chopra, the co-founder of Zomato, has officially resigned from her position, a move that marks the end of her 13-year journey with the company. This announcement has been made public through a filing with the stock exchange, raising questions ...