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ZOMATO COMMISSIONS
ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for InstamartSwiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its a...- Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
- 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...
- India seeks Mythos access; Eternal's strong Q4Happy Wednesday! India is in talks with Anthropic and the US government to give homegrown companies access to Mythos. This and more in toda...
- Eternal Q4 revenue, profit surge on Blinkit boostEternal, which runs Zomato and Blinkit, saw its March quarter revenue surge threefold and net profit rise 4.5 times. Quick commerce margins...
- Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
- Layoffs hit tech, GCCs; Startups rewrite summer rulesHappy Wednesday! Tech and GCC talent are facing more layoffs as they move up the value chain and integrate into global operations. This and...
- Ecommerce, quick commerce chasing ad spends with profitability in focusOnline platforms like Amazon, Flipkart, Blinkit, Instamart, Zepto, Zomato, and Swiggy are set to earn substantial advertising revenue. This...
- Court orders Zomato to pay Rs 60,000 for not delivering Rs 130 MomosIn October 2023, Sheethal successfully sued Zomato in Dharwad for not delivering momos ordered on August 31, 2023. After filing a legal not...
- Zomato requests restaurants for higher advertising expenditure to cover cancellation cost, Restaurants call it ‘Arm Twisting’Restaurant owners question the Zomato policy on cancellation and their demand for more advertisement revenue from restaurants.
- Exclusive: Zomato asks for higher commission charges; restaurants are upsetFor the past two years, Zomato has been charging a commission of 18-25 per cent per order for deliveries, depending on its arrangement with...
- Be wary of Zomato, Swiggy dine-in schemes, restaurant body NRAI tells membersA statement issued by Ant Group-backed Zomato said the company’s new dining product has been live in Hyderabad for a few weeks with great r...
- 'Unfair trade practice.' Zomato fined Rs 10,000 for cancelling customer's Rs 287 pizza orderOnline food delivery company Zomato also has been ordered to provide one free meal to the complainant.
- Domino's India may shift business away from delivery firms Zomato and SwiggyThe disclosure was made by Jubilant FoodWorks, which runs the Domino's and Dunkin' Donuts chain in India, in a confidential filing with the...
- LinkedIn user accuses Zomato of escalating food ordering costZomato responds by saying ‘we are looking into the issue’
- Zomato hits all-time low, wipes out half of investor wealth in first 4 months of 2022The food delivery platform has wiped out almost half of the investors wealth in 2022 so far. The scrip has dropped about 12 per cent in the...
- Zomato skids 5% as CCI orders probe into alleged unfair pricing practicesZomato’s share price skid to a low of Rs 82.15 as against Rs 86.20 at previous close on the BSE.
- 8000-strong hotels body to shun Zomato Gold deliveryGold was extended to delivery by Zomato in September, amidst the stalemate on dine-in services.
- Swiggy, Zomato boycott by Ahmedabad hotels continuesThe decision to boycott leading online food delivery platforms Swiggy and Zomato has led to a 30% drop in their online deliveries.
- Zomato plans to stop charging commission from restaurantsThe programme is likely to cover 70% of Zomato's 25,000-restaurant partner network in the country.
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