Zomato introduces ‘pure veg mode’ and ‘pure veg fleet’
Goyal also shared plans to introduce more specialised fleets to meet specific customer needs.
Goyal also shared plans to introduce more specialised fleets to meet specific customer needs.
Zomato posted profit for the third consecutive quarter in Q3 FY24, driven by topline growth and rise in GOV across its businesses.
Zomato reported a consolidated net profit of ₹36 crore in Q2FY24, compared with profit of ₹2 crore in June quarter of FY24 and a loss of ₹251 crore in Q2FY23.
Tiger Global, through its investment vehicle Internet Fund IV, sells 12.34 crore shares, or 1.44% stake in Zomato, at an average price of ₹91.01 per share.
Zomato's net profit stood at ₹2 crore for the first quarter compared to a loss of ₹186 crore in the year-ago period.
Most Blinkit stores have now resumed operations, says Zomato
Blinkit delivery executives went on strike last week, demanding the rollback of recent changes made to delivery incentive structures in Delhi NCR.
Quick commerce players offer the lowest discounts due to their focus on convenience.
Zomato’s Q3 loss widened to ₹346.6 crore in Q3 FY23, against a loss of ₹63 crore in the year-ago period and ₹250.8 crore loss in Q2 FY23.
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.