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Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.- Info Edge commits Rs 250 crore to deeptech fund; sells Shopkirana stakeInfo Edge, which was an early investor in Zomato, said the fund will be sponsored and managed by Info Edge’s subsidiary Smartweb Internet S...
- HSBC cuts target price on Zomato and Swiggy on intense competition in Q-Comm industryHSBC has revised target prices for Zomato and Swiggy, citing intense competition in the quick commerce sector. While maintaining a 'Buy' ra...
- Restaurant body NRAI to approach CCI against Zomato, Swiggy over 10-minute food delivery appsZomato-owned Blinkit and Swiggy recently launched standalone apps named Bistro and Snacc, respectively. The National Restaurant Association...
- Zomato to acquire Paytm’s movie ticketing, events biz for Rs 2,048 croreET reported on June 16 that Zomato is looking to acquire Paytm’s movie booking and events unit -- in a deal that may value Paytm’s vertical...
- Zomato gets shareholder approval for Esop plan, gives up pursuit of NBFC licenceFood delivery company Zomato had proposed an Esop pool of 183 million shares. The new plan would mean a 2% stake dilution for existing shar...
- Zomato gets Rs 9.5 crore tax demand, company to appeal against orderFood delivery company Zomato said it has received a tax demand from the Karnataka authorities, aggregating to Rs 9.5 crore. This is the lat...
- Zomato surrenders payment aggregator licence, writes down Rs 39 crore worth of investmentsFood delivery platform Zomato on Monday reported a consolidated net profit of Rs 175 crore for the quarter ended March 31, 2024, as against...
- Zomato gets Rs 11.82 crore tax demand noticeZomato faces Rs 11.82 crore tax demand and penalty order by the Additional Commissioner, Central Goods and Services Tax, Gurugram, related ...
- Swiggy, Zomato among top 10 global online food delivery firms: ReportAccording to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th.
- Info Edge arm joins $93 million funding round of US-based WSO2Info Edge, through its RedStart subsidiary, will contribute strategically to WSO2's accelerated business expansion across India, the statem...
- Zomato picks up stakes in Adonmo and UrbanPiper; company board approves NBFC incorporationWhile the name of the subsidiary is still to be decided, Zomato is in process of acquiring the NBFC license. The company will look to provi...
- Zomato shuts down South Africa business as part of ‘clean-up’ exerciseZomato SA didn't have any active business operations and was not a material subsidiary. Its closure will not affect the Gurugram-based comp...
- Zomato cofounder Gaurav Gupta quits two months after IPOGaurav Gupta, the exiting Zomato cofounder, is now expected to plan out his next professional endeavour, which could be his own venture or ...
- State-run firms may take over Didi; Zomato exits UK, SingaporeDidi has been in all sorts of trouble with Chinese authorities since it decided to go public in the US earlier this year. Now it faces an e...
- Zomato shuts down its UK, Singapore businessesThe company said in the filing that its UK and Singapore subsidiaries were not material to its business and their dissolution would not aff...
- Zomato dissolves, winds up US step-down subsidiaryZomato USA was not a material subsidiary of the company and did not have any business activity, Zomato says. Its dissolution will not affec...
- Zomato winds up US-based step-down subsidiary"Zomato USA LLC (ZUL), step down subsidiary of the company, has been dissolved and wound up," Zomato said in a regulatory filing.
- Cipla Health partners Swiggy, Zomato, Dunzo for home delivery of OTC wellness productsA home-delivery system makes it very convenient and safe for customers to get access to the wellness products, which otherwise might be dif...
- India's Zomato buys Czech & Slovak online food guides for $3.2 millionZomato’s spent about $2.2 mn for LunchTime and $1 mn for Obedovat & plans to double headcount to about 80 people within six months.
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