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ZOMATO DELIVERY COVERAGE
Zomato increases delivery coverage up to 40 km under new ‘Limitless Delivery’ featureZomato has launched a new feature called 'Limitless Delivery' for its customers. This feature enables ordering food from restaurants up to ...- ETtech Explainer: Food delivery, ride-hailing firms differ on gig worker welfare levy calculationFood delivery and quick-commerce companies such as Zomato and Swiggy are seeking a levy based on the value of transactions facilitated thro...
- Ecommerce firms prioritise delivery partners and their well-beingCompanies like Zomato, Swiggy, bigbasket, Delhivery, and Zippee are expanding beyond insurance, offering comprehensive health and well-bein...
- Bernstein initiates coverage on Swiggy with Rs 635 target price, stock up 6%Bernstein highlighted that Swiggy is strategically placed to benefit from the shift towards super-fast delivery models in India’s fast-grow...
- Zomato, Swiggy shares in focus as GST council considers cutting food delivery GST to 5%Shares of Zomato and Swiggy are likely to remain in focus due to the GST Council's potential tax cut on food delivery charges by e-commerce...
- UBS initiates coverage on Swiggy with a 'Buy' ratingThe risk-reward for the stock is attractive as it is valued at an estimated Enterprise Value (EV) to Revenue of 6.2 times, as against 9 tim...
- Axis Securities initiates coverage on Zomato, sees upside potential of 22%Axis Securities said that it is confident that Zomato's growth in the sector is backed by steady profitability improvements and significant...
- JM Financial raises target price for Zomato by 30% to Rs 260JM Financial raised Zomato's price target to Rs 260 from Rs 200, citing Blinkit's rapid growth. The firm expects Blinkit to surpass Zomato'...
- CLSA raises Zomato target price to Rs 227 after 3Q results show path to stable profitabilityIn the December quarter, Zomato's food delivery margin rose despite an increase in the active restaurant base and a weak demand environment...
- Swiggy, Zomato operations hit as delivery workers strike in MumbaiFood delivery workers went on strike in many parts of the city, pressing for a list of demands. The strikes were organised collectively by ...
- 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 ...
- Zomato says Blinkit disruptions had ‘no material impact’ on company's performanceET reported last week that around 100 dark stores operated by Blinkit in the Delhi-National Capital Region were shut following the quick-co...
- Wholesome meal at a deal! Motilal initiates coverage on Zomato, sees 30% upsideIn its report, Motilal stated that the food delivery industry in India is all set to grow rapidly in the medium term driven by intensifying...
- Zomato stock outlook: Kotak trims target price but retains buyEarlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competit...
- Zomato report highlights steps taken on six sustainable-development goals“If one looks up the United Nations definition of sustainable development, it is described as – 'development that meets the needs of the pr...
- Credit Suisse sets a price target of Rs 185 for ZomatoCredit Suisse has initiated coverage on online food delivery platform Zomato with an outperform rating and a target price of ₹185.
- Morgan Stanley on three reasons why Zomato’s premium valuations will sustainThe brokerage firm said that Zomato’s robust growth compared to peers, a consolidated market structure and steady-state margins that match ...
- JM Financial initiates coverage on Zomato with 'buy', sees 28% upsideThe brokerage opines that Zomato can churn out positive cash operating profit from 2024-25 provided its annual order volumes hit 1 billion ...
- UBS starts Zomato coverage with a buy, target of Rs 165Shares of Zomato ended down nearly 6 per cent at Rs 132.6 on Tuesday after touching a high of Rs 147.80 during the day. The stock had liste...
- Morgan Stanley values Zomato at $2.5bnThe report comes out a time Zomato is in talks with Alibaba’s affiliate Ant Financial to raise around $150 million in new financing, which ...
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