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ZOMATO SLOWDOWN
Japan’s MUFG readies $250 million India fund as investor mix shifts in startup fundingJapan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies...- Why market rose today? Sensex rises 790 points, Nifty closes near 23,700. 5 key drivers behind surgeIndian stock markets are experiencing a significant rally. The BSE Sensex and Nifty 50 indices have climbed over 1 percent each. This surge...
- Unfazed by 670X P/E, retail investors add Eternal on dips for 2nd quarter as stock trades 30% off peakRetail investors are showing confidence in Eternal, a food delivery and quick commerce firm. They are buying its shares on price dips, unde...
- ETtech Explainer: What does Blinkit’s growth moderation mean for rivals?The platform recently reported its second straight quarter of positive adjusted Ebitda (earnings before interest, taxes, depreciation and a...
- Eternal shares rally over 4% after strong Q4 results. What CLSA, Goldman Sachs, 4 others are sayingEternal's shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase. Blinkit's quick comm...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- ETtech Explainer: Why Zomato’s Goyal is back in the food delivery hot seatThe food delivery segment has seen some slowdown. The internal reshuffle can be indicative of this slowdown and the measures to contain it....
- Zomato parent Eternal's COO for food delivery Rinshul Chandra resignsChandra had joined the company in 2018 and was elevated to the role of food delivery COO in 2023. In the food delivery segment, which is le...
- Zomato’s 10-minute food delivery offering contributing 8% to platform’s volumes: CEO Deepinder GoyalThe service, named Quick, aggregates restaurants and eateries from where it makes rapid delivery of a limited set of food items. Quick’s ri...
- Budget 2025: Zomato, Swiggy shares rally up to 10% following income tax relief announcementZomato and Swiggy shares surged up to 10% after Finance Minister Nirmala Sitharaman announced an income tax exemption for individuals earni...
- Zomato shares crack 11% after Q3 PAT falls 57% YoY. Should you buy, sell or hold?Why Zomato Share is Falling Today: Zomato share price dropped by 11.43% after reporting a 57% decline in Q3 net profit to Rs 59 crore. Reve...
- Zomato shares plunge over 7% on PAT fall, food business slowdownZomato reported a 57% drop in December quarter net profit to Rs 59 crore, down from Rs 138 crore a year ago. Sequentially, PAT fell 66% fro...
- Swiggy shares fall over 9% as Zomato numbers spoil near-term outlookSwiggy share price: In Q3, Blinkit's GOV grew by 27.2% QoQ, maintaining a strong growth trajectory. However, profitability faced pressure, ...
- Zomato steps up restaurant signups as slowdown bitesIn Zomato’s quarterly shareholder letter, food-delivery CEO Rakesh Ranjan noted that the demand environment was muted in the December quart...
- 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 ...
- Ant Group nominee on Zomato board steps downZomato posted a consolidated net loss of Rs 347 core compared to Rs 63-crore loss in the year-ago period and Rs 251 crore a quarter ago.
- 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...
- Zomato Q3 Results: Loss widens to Rs 347 crore, but sales rise 75% YoYZomato had posted a loss of Rs 63 crore a year ago and Rs 251 crore a quarter ago
- There’s more than food on plate of delivery firms Swiggy and ZomatoThis comes at a time when both food aggregators have made a big push in delivering grocery and products for daily use during the ongoing na...
- Eating out goes off customers’ menu as slowdown bitesIndustry observers said the slump in sales exists across formats such as value and standalone and premium dining formats and has continued ...
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