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Zomato Ltd News

Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore

Motilal Oswal Mutual Fund on Tuesday divested its stake in online food delivery aggregator Zomato for Rs 646 crore through an open market transaction. According to the block deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund (MF) sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato. The shares were disposed of at an average price of Rs 226.85 apiece, taking the transaction value to Rs 645.84 crore. Axis Mutual Fund, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, Goldman Sachs, Matthews Asia, Morgan Stanley, Hong Kong-based Optimas Capital Management and investment management firm Polar Capital were among the buyers of Zomato's shares. Shares of Zomato plunged 4.71 per cent to close at Rs 218.35 apiece on the NSE.

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Updated On : 16 Jul 2024 | 8:33 PM IST

Zomato mcap reaches Rs 2 trn, delivers Deepinder Goyal billionaire tag

The food aggregator's share price touched a 52-week high of Rs 232 per share during intra-day trading, surging almost 200 per cent from the low of Rs 76.50 per share in July last year

Zomato mcap reaches Rs 2 trn, delivers Deepinder Goyal billionaire tag
Updated On : 15 Jul 2024 | 3:50 PM IST

Zomato increases platform fee to Rs 6 in Delhi, Mumbai, Bengaluru

Food-delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru. Its rival Swiggy, which had also increased the platform fee in select cities on Sunday, reverted to charging Rs 5 per order on Monday in Delhi, Mumbai and Bengaluru, as shown on its app. When contacted to ascertain the reasons for the hike, both Zomato and Swiggy declined to comment. The two companies had introduced platform fees last year, initially at Rs 2 per order, which has been increased gradually. Platform fee is treated as one of the ways in which food-delivery platforms are trying to increase their profitability, with a duopoly in place as Zomato and Swiggy are the key players in the segment.

Zomato increases platform fee to Rs 6 in Delhi, Mumbai, Bengaluru
Updated On : 15 Jul 2024 | 3:51 PM IST

Zomato's Deepinder Goyal enters elite billionaire club amid stock surge

Zomato's stock hit a new high on Monday, pushing its market cap over Rs 1.8 trillion, making Deepinder Goyal India's richest professional manager with Rs 8,300 crore net worth

Zomato's Deepinder Goyal enters elite billionaire club amid stock surge
Updated On : 15 Jul 2024 | 11:38 AM IST

Zomato market-cap touches Rs 2 trillion; stock zooms 88% thus far in 2024

Zomato stock outlook: In the past one week, Zomato stock price has outperformed the market by surging 12 per cent as against 1 per cent rise in the benchmark index

Zomato market-cap touches Rs 2 trillion; stock zooms 88% thus far in 2024
Updated On : 15 Jul 2024 | 10:11 AM IST

Swiggy, Zomato increase platform fee to Rs 6 per order for revenue boost

Initially introduced in Bengaluru and Delhi, the fee implemented by Swiggy and Zomato is distinct from delivery charges, GST, restaurant fees, and other expenses associated with orders

Swiggy, Zomato increase platform fee to Rs 6 per order for revenue boost
Updated On : 15 Jul 2024 | 10:59 AM IST

One plate of momos cost Zomato Rs 60,000 in Karnataka: Here's why

On August 31, 2023, Sheethal had placed an order for momos via Zomato, paying Rs 133.25 but she alleged that she never received the momos nor did a delivery agent visit her home

One plate of momos cost Zomato Rs 60,000 in Karnataka: Here's why
Updated On : 12 Jul 2024 | 4:35 PM IST

Zomato celebrates '16th janamdin' with unique ad, Paytm CEO joins the party

Zomato recently turned 16 and marked the occasion with a witty and creative advertisement that has everyone talking

Zomato celebrates '16th janamdin' with unique ad, Paytm CEO joins the party
Updated On : 10 Jul 2024 | 12:50 PM IST

Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet

Analysts at Nuvama Institutional Equities are optimistic about the revenue prospects of these "new age" internet companies

Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet
Updated On : 05 Jul 2024 | 9:58 AM IST

Zomato shuts down hyperlocal delivery platform 'Xtreme' amid poor demand

Despite its strategic launch, 'Xtreme' failed to gain traction, leading Zomato to remove it from the Google Play Store

Zomato shuts down hyperlocal delivery platform 'Xtreme' amid poor demand
Updated On : 04 Jul 2024 | 5:34 PM IST

Zomato faces Rs 9.45 crore GST demand from Karnataka tax authorities

Food delivery platform and quick commerce company Zomato will be filing an appeal against the order

Zomato faces Rs 9.45 crore GST demand from Karnataka tax authorities
Updated On : 01 Jul 2024 | 2:25 PM IST

Jio Fin, Zomato part of Nifty50? List of likely F&O inclusions, exclusions

Market regulator Sebi tweaked the selection criteria for stocks to join and exit the derivatives (F&O) segment on Thursday, June 27

Jio Fin, Zomato part of Nifty50? List of likely F&O inclusions, exclusions
Updated On : 28 Jun 2024 | 8:45 AM IST

CLSA says Zomato is growing faster than Swiggy, sees 25% upside

In terms of revenue, Swiggy's Y-o-Y growth of 24 per cent also fell short of Zomato's adjusted revenue growth of 55.9 per cent Y-o-Y

CLSA says Zomato is growing faster than Swiggy, sees 25% upside
Updated On : 25 Jun 2024 | 11:03 AM IST

Strong growth metrics gives food aggregator Zomato an edge over Swiggy

Zomato's existing live event business -- Zomato Live -- is currently posting a revenue run-rate of Rs 350-400 crore

Strong growth metrics gives food aggregator Zomato an edge over Swiggy
Updated On : 25 Jun 2024 | 10:12 PM IST

What is Zomato's daily order count? Company's new feature spills the beans

Zomato CEO Deepinder Goyal took to social media platform 'X' where he shared the update, revealing that over 250,000 orders were already placed by the time it was 11 am

What is Zomato's daily order count? Company's new feature spills the beans
Updated On : 22 Jun 2024 | 3:01 PM IST

Will the Indian stock market tank post the Hyundai IPO? What history suggests

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Will the Indian stock market tank post the Hyundai IPO? What history suggests
Updated On : 21 Jun 2024 | 10:03 AM IST

Ticketing, movie business deal: Zomato, Paytm confirm talks are on

Although neither Zomato nor Paytm disclosed the valuation of the transaction, the potential deal is estimated to be in the range of Rs 1,600 crore to Rs 2,000 crore

Ticketing, movie business deal: Zomato, Paytm confirm talks are on
Updated On : 17 Jun 2024 | 5:40 PM IST

Zomato in talks to acquire Paytm's movie, events biz for Rs 2,000 crore

Once finalised, this will be the food delivery major's second biggest purchase since acquiring Blinkit in 2022 for $569 million in an all-stock deal

Zomato in talks to acquire Paytm's movie, events biz for Rs 2,000 crore
Updated On : 16 Jun 2024 | 8:29 PM IST

Zomato creates Guinness World Record for largest first aid lesson

The event was held at Nesco, Goregaon in Mumbai, and attended by more than 4,300 delivery agents, making it the world's largest on-ground first aid training programme ever conducted

Zomato creates Guinness World Record for largest first aid lesson
Updated On : 13 Jun 2024 | 6:34 PM IST

Zomato to invest Rs 300 cr in Blinkit, total rises to Rs 2,300 cr

It will separately invest Rs 100 cr in live events and ticketing business

Zomato to invest Rs 300 cr in Blinkit, total rises to Rs 2,300 cr
Updated On : 11 Jun 2024 | 5:52 PM IST