Zomato
TMT
Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom
In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 ......
Finance
Zomato's Q4 profit falls below analyst expectations, advertising spends higher
Indian food delivery platform Zomato reported a smaller-than-expected quarterly profit on Monday, hurt by surging advertising expenses as it grappled with intensifying ......
TMT
Separating fact from fiction: how many unicorns does India really have?
Last week, Perfios, a startup offering software-as-a-service (SaaS) solutions, entered the much-coveted unicorn club after raising $80 million from late-stage ......
TMT
China's Antfin pulls out over $340 mn more from Zomato
China's Antfin, part of Jack Ma-founded Ant Group and an affiliate of Alibaba Group, has trimmed its stake in Zomato ......
TMT
Zomato posts net profit in Q3, revenue from quick commerce more than doubles
Indian food delivery platform Zomato reported a quarterly profit that beat market expectations on Thursday, aided by increased demand during ......
TMT
Swiggy back in decacorn club with latest valuation mark-up
Food delivery venture unicorn Swiggy, which has begun preparations for its potential public listing, has re-entered the decacorn club of ......
TMT
SoftBank wraps up $375 mn India exit with a profit
Japanese technology investment goliath SoftBank, which has been on a spree to harvest money from its India portfolio, has completed ......
Markets
PE/VC funds, promoters pull out over $12 bn as equity market rallies
Large shareholders in Indian firms have sold 1.03 trillion rupees ($12.36 billion) in shares so far this year, double that ......
TMT
After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India
China’s Alibaba Group, which sold its stake in Paytm parent One97 Communications Ltd earlier this year after virtually writing off ......
TMT
Zomato, Swiggy get notice for $90 mn in unpaid taxes
India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to ......
