Tag: Zomato

Indian food delivery firm Zomato’s loss narrows on one-time gain

BENGALURU, Feb 10 – Indian food delivery firm Zomato Ltd (ZOMT.NS) reported a smaller third-quarter loss on Thursday, helped by a one-time gain from a stake sale, while revenue jumped due to increased demand for restaurant meals. Zomato’s dining out business, which offers customers discounts and offers when they eat […]

Indian food delivery firm Zomato’s co-founder exits after 6 years

BENGALURU, Sept 14 – Zomato Ltd (ZOMT.NS) co-founder and head of supply Gaurav Gupta has left the Indian food delivery firm after six years, the company said on Tuesday, months after it went public in a high-profile listing. Gupta, who was promoted to the position of founder in March 2019, had been […]

Indian shares rise on strong earnings; food delivery firm Zomato files for IPO

Indian shares hit a near three-week high on Wednesday, helped by gains in financial and automaker stocks on strong quarterly results, while shares of Zomato Ltd’s top shareholder rose after the food delivery startup filed for an IPO. By 0507 GMT, the NSE Nifty 50 index (.NSEI) gained 0.71% to […]

Exclusive: India's Zomato targets push into alcohol deliveries – document

NEW DELHI – Indian food delivery company Zomato aims to branch out into delivering alcohol, according to a document seen by Reuters, as it seeks to cash in on high demand for booze during the country’s coronavirus lockdown. Zomato has already diversified into grocery deliveries as the restrictions […]

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