Amidst rising concerns about 10-minute food deliveries, Zomato founder and CEO Deepinder Goyal told the company’s restaurant partners that Zomato as a restaurant aggregator will “never compete ...
Zomato expects to operate at a loss over the next year due to a slowdown in food delivery demand and accelerated investments in its quick commerce store network. Despite this, the company remains ...
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Incred initiated coverage on India's e-commerce food technology industry with a positive view. It has an 'add' rating on Swiggy Ltd. and Zomato Ltd. There's large opportunity and food delivery ...
The entry of Zomato and Swiggy into the 10-minute food delivery segment has sparked concerns among restaurant partners, who fear private labelling by the food aggregators. The issue took centre stage ...
Zomato's Hygiene Ratings on Android make picking ... Four to five: Go for it! High food hygiene, based on unannounced audits by third-party experts checking food handling and cleanliness.
The shares of online food delivery and quick commerce major, Zomato, took a major beating in the stock market on Tuesday. The company’s shares declined close to 10 per cent in the morning market hours ...
This drop in profit has been attributed to rising expenses linked to the expansion of its quick commerce platform, Blinkit. Despite the profit slump, the food delivery giant saw its revenue grow ...
Food delivery and quick commerce major Zomato reported a 57.24 per cent year-on-year (YoY) decline in the profit after tax (PAT) at Rs 59 crore for the third quarter ended December 2024 as against Rs ...
The Deepinder Goyal-led company’s profitability improved on a yearly basis, led by the quick commerce (QC), Hyperpure, and Going Out, but slowdown in food delivery segment amid heightened competitive, ...
Zomato Ltd faced double trouble in the December quarter (Q3FY25) as its two main businesses – food delivery and quick commerce (Blinkit)— drastically fell short of expectations. Of course ...