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Zomato's net profit jumps 389% YoY, board approves Rs 8,500 crore fund-raise proposal

Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved…

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Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato

Notably, in the absence of this windfall gain, Paytm's finances would still be in red, with the com…

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3 mins read

Swiggy's IPO set to open tomorrow. Should you subscribe?

Food delivery giant Swiggy's IPO, valued at Rs 11,327 crore, opens tomorrow with a muted grey marke…

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Swiggy IPO likely between November 6-8, 2024. Here's all you need to know

Notably, Swiggy's rival Zomato, which recently reported a staggering 389% YoY jump in its net profi…

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Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of th…

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1 min read

Zomato posts Q4 consolidated net profit at ₹175 crore

Consolidated revenue from operations stood at Rs 3,562 crore. It was Rs 2,056 crore in the year…

PTI   


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6 mins read

'Will my tickets get canceled now?' people who purchased tickets from scalpers during the Diljit-Coldplay mania ask

Not just small resellers, but multinational ticket exchange and ticket resale platform Viagogo, and…

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Swiggy IPO likely in November, looking to raise Rs 11,000 crore; Rahul Dravid, Karan Johar bite into pre-IPO pie

The firm is likely to raise around Rs 11,000 crore, which will include a fresh issue of Rs 5,000 cr…

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3 mins read

Zomato earned Rs 83 crore from platform fee: What it is, how it benefits the company and how it affects you

Last year, Zomato introduced a platform fee, earning Rs 83 crore by March. This fee, despite making…

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3 mins read

Zomato to acquire Paytm's entertainment ticketing business for Rs 2,048 crore

Zomato has acquired Paytm's entertainment ticketing division for Rs 2,048 crore. The move, includin…

PTI   


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Zomato's Deepinder Goyal joins elite list of Indian billionaires

Zomato CEO Deepinder Goyal became a billionaire after a 2.22% stock surge to Rs 227.40, increasing …

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1 min read

Zomato shares zoom over 12% after strong Q1 results

At the end of the market close, the company's market capitalisation (mcap) stood at Rs 2.31 lakh cr…

PTI   


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Zomato hikes platform fee to ₹4 across key cities after bumper NY Eve

Buoyed by record food orders on New Year's Eve, food delivery platform Zomato increased its mandato…

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Zomato registers ₹125 crore profit in Q3 FY24, revenue up 53%

Food delivery platform Zomato on Thursday said it registered Rs 125 crore in profit in the third qu…

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Zomato continues to remain profitable in Q2; shares soar 10%

Food aggregator and delivery company Zomato continued to be profitable for the second straight quar…

ANI   


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Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 cr…

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4 mins read

The street is not 'Blinking' on Zomato anymore

Zomato has delivered more than profits to the table in the first quarter. It’s a rare new-age compa…

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4 mins read

With Zomato rallying over 25% in the past month, street looks at the road ahead

Zomato's Q1FY24 results have shown recovery, with the company surpassing its listing price. The fir…

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Analysts upbeat on Zomato’s profitability after company beats Q4 estimates

Analysts are bullish on Zomato after the online food delivery platform, on Friday, posted better-th…

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3 mins read

Bull run bonanza yields almost ₹1 lakh crore in exits for PE/VC investors

Thanks to the bull run which has also seen the market change its view on new-age companies — the ye…