Zomato announced on Thursday, August 22, that it has immediately shut down its intercity ‘Legends’ services. Deepinder Goyal, chief executive officer (CEO) of the online food delivery giant, said on microblogging platform ‘X’ ‘’Update on Zomato Legends – after two years of trying, not finding product market fit, we have decided to shut down the …
Zomato share price: Given a strong growth in quick commerce in last 12-18 months, several platforms such as Flipkart, Amazon, Reliance and Ola are said to be launching quick commerce offerings of their own, with Flipkart coming up with ‘Flipkart Minutes’ in Bangalore. When foreign brokerage UBS tried the Flipkart platform, it found that assortment …
The markets continued their upward momentum, gaining nearly half a percent on Tuesday. In today’s trade, shares of Zomato, Cyient DLM, L&T, Petronet LNG, NHPC among others will be in focus due to various news developments. ZomatoAntfin Singapore Holding has sold Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale, …
Antfin Singapore Holdings is looking to sell a 1.54% stake in Zomato in a block deal valued at $408 million, deal terms reviewed by Mint show. The shares will be sold at a floor price of ₹251.68 per share, the terms showed. Antfin has been paring its stake in the food-delivery platform and currently holds …
Shares of Zomato are trading with losses of over 3% on Friday after brokerage firm Macquarie projected tghat the stock will nearly halve in the next 12 months due to rising competition in the quick commerce space. The brokerage maintained its “Underperform” rating on Zomato with a price target of ₹96, which impies a potential …
China-based Ant Group’s subsidiary Antfin Singapore Holdings Pte is likely to offload up to 2 per cent stake or 17.64 crore shares in food delivery platform Zomato for ₹2,800 crore through a block deal, reported CNBC-Awaaz on Tuesday. The floor price for the block deal has been fixed at ₹159.4 per share, which represents a …
Zomato Ltd on Thursday said its consolidated net profit stood at Rs 138 crore for the December quarter compared with a profit of Rs 36 crore in the September and a loss of Rs 367 crore in the year-ago quarter. The profit figure was higher than Street estimate of Rs 50-70 crore. The bottom line …
Zomato share price jumped over 4% in early trade on Friday to hit a fresh 52-week high after the company reported impressive results for the quarter ended December 2023 led by robust growth in food delivery businesses. Zomato shares gained as much as 4.34% to new high of ₹150.25 apiece on the BSE. The online …