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ZOMATO GOLD RELAUNCH
Zomato shares in focus as Sensex entry likely to attract $513 million inflowsZomato will replace JSW Steel in the BSE Sensex on December 23, becoming the first new-age tech company to join the index. This move is pro...- Zomato tweaks Gold loyalty programmeZomato has discontinued the ‘on-time guarantee’ benefits for memberships purchased or renewed from November 25, 2023. This feature was exte...
- Despite numbers, Zomato must tweak Gold to cut profitability drag, say expertsWhile loyalty programmes would ensure customer stickiness, the unit economics need to make sense in the longer run, analysts and experts sa...
- India’s food delivery segment seen growing 10% sequentially in July-September period: UBSThis comes as a shot in the arm for Zomato and Swiggy, the segment’s duopolists, given the seasonally weak nature of the quarter.
- At Rs 2 crore, Zomato turns profitable for first time this quarterThe Gurgaon-based company reported a net profit of Rs 2 crore for the three-month period ended June 30 as against a net loss of Rs 186 cror...
- Invesco slashes Swiggy’s valuation by 33% to $5.5 billionThis is the second time Invesco has cut down its valuation in the food delivery firm. We reported last month that Invesco had marked down i...
- Swiggy starts charging platform fee for food orders amid stagnant growthThe platform fee is levied in addition to the delivery charge, which is waived for customers of Swiggy One who make an upfront payment and ...
- Zomato shares rally 8% amid large volumesZomato has been swamped with multiple concerns over its Blinkit business after the quick-commerce platform’s delivery executives went on a ...
- Swiggy CTO Dale Vaz resigns, to be replaced by senior VP Madhusudan RaoThe development comes just days after Karthik Gurumurthy, head of Swiggy’s quick-commerce vertical, Instamart, said he would step aside fro...
- Building Instamart has taken a toll: Outgoing head of Swiggy’s quick commerce business Karthik GurumurthyGurumurthy said some of Instamart’s dark stores, of which there are more than 300 across India, are already profitable.
- Tata may retain outgoing CEO Rajesh Gopinathan in advisory role; Zomato's beginning to reclaim lost market shareTata Group is looking to offer an advisory role to Rajesh Gopinathan, the outgoing CEO of Tata Consultancy Services (TCS). Gopinathan is se...
- Zomato's Gold programme helps company reclaim market share from Swiggy: HSBC reportThe report pegged Zomato’s market share for the January-June 2022 period at 55%, with the remaining 45% being held by Swiggy. This changed ...
- Segment leaders like Nykaa, Zomato may gain market share amid funding winter: BernsteinPrivate wealth management firm Bernstein predicts that Indian internet companies may face funding challenges for the rest of the year, poss...
- Zomato stock plunges over 7% as Q3 loss widens. Should you buy, sell or hold?The company reported a beat on unit economics, but growth slowed down, said the brokerage. GOV growth of 0.7% was led by AOV growth as orde...
- Zomato’s quarterly loss widens to Rs 346 crore, revenue jumps 75%The improvement in the operating performance comes even as Zomato's management acknowledged a slowdown in the food delivery business after ...
- Zomato bullish on long-term prospects as it sees signs of demand revivalAccording to Zomato CFO Akshant Goyal, there has been an industry-wide slowdown in the food delivery business since late October (post-Diwa...
- ETtech Explainer: how restaurants responded to Zomato Gold's comebackThe National Restaurants Association of India (NRAI), an industry body, has advised restaurants to step up their own loyalty programmes on ...
- Zomato shares tumble 15%. What's cooking?"The relaunch of the loyalty programme is important due to growing concerns on sequential growth in Zomato’s food delivery business and the...
- Zomato Relaunches 'Gold Loyalty program', provides dining and delivery discountsZomato relaunches its Gold loyalty programme which would give its subscribers preferential access to restaurants amid high demand. In addit...
- Zomato Gold returns with discounts on delivery and dining outAccording to company sources, the Gold membership is currently being offered on an invite-only basis. However, users with existing Pro memb...
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