Zepto founder and CEO Aadit Palicha, in a recent LinkedIn post, highlighted the opportunity in logistics to create a “Delhivery for fruits and vegetables (FnV)”. Gurgaon-based new-age logistics and supply chain company Delhivery services ecommerce and consumer goods firms. “As quick commerce scales, there is a serious opportunity in logistics to build a ‘Delhivery for…
Indian stock market: Shares of India’s two leading food delivery aggregators—Zomato and Swiggy—have witnessed a sharp decline from their recent peaks, slipping to multi-month lows. The downturn comes amid a broader correction in domestic equity markets, with investors growing increasingly cautious about risky assets, and new-age tech stocks being no exception. Valuation concerns have also…
Zepto CEO Aadit Palicha recently took to LinkedIn to challenge statements made by Zomato CEO Deepinder Goyal. In a recent interview, Goyal claimed that quick commerce companies were burning around Rs 5,000 crore each quarter, with Zepto allegedly accounting for more than half of that amount.Goyal told Economic Times that while Blinkit only accounts for…
Food delivery company Zomato on Monday reported a 57% fall in its December quarter consolidated net profit at Rs 59 crore versus Rs 138 crore reported in the year ago period. The revenue from operations in Q3FY25 stood at Rs 5,405 crore, which was up by 64% over Rs 3,288 crore in the corresponding quarter…
While new-age investors make micro-investments of ₹50,000, the majority of angel investor cheques now falls in the range of ₹3 lakh-8 lakh, outpacing the deals typically made by wealthier investors and prominent startup founders, signalling a broader shift towards smaller bets by angel investors. “We do have a smaller group of investors writing larger cheques…
Last Updated:January 02, 2025, 11:00 IST According to data released by Zomato, 4,940 people searched for ‘girlfriend’ on the food delivery app on New Year’s Eve. Moreover, 40 users had even searched for a ‘bride’ on Zomato. However, the story behind these searches is more nuanced 40 individuals searched for a ‘bride’ on Zomato on…
With Zomato recording a sharp 190% jump in its valuation to Rs 2,51,900 crore, Zomato CEO Deepinder Goyal is now India’s second-largest self-made entrepreneur, according to Hurun India. Goyal is closely followed by rivals Sriharsha Majety and Nandan Reddy of Swiggy. Hurun said Swiggy, which went public earlier this year, has recorded a 52% rise…
The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty, the company said. Zomato, the online food delivery aggregator led by Deepinder Goyal, has said the GST department in Thane (Maharashtra) has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand…
SUMMARY Stocks to watch, HAL, Zomato, Tata Motors, YES Bank, NESCO, Bajel Projects and more, these are the stocks to watch for today. 1 / 6 Zomato | Food delivery aggregator said it has received an order from the Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, demanding ₹401.7 crore in goods and…
Running into the Swiggy IPO, a key point of debate was the difference in growth rate with its close peer Zomato. For example, in Q1 FY25, Zomato’s year-on-year (y-o-y) revenue growth rate at 62 per cent was much stronger than Swiggy’s 34 per cent. The difference was also notable when one considers the booming quick…
