Zomato denies Shiprocket acquisition; share surges 2.7%
Zomato remains focused on its existing businesses with no plans for any acquisition at this moment.
foodtech
December 2023
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Zomato shares hit fresh 52-week high on strong Q2; zoom 170% in 9 months
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.
Zomato shares jump 2% amid buzz over stake sale by SoftBank
Softbank through its entity SVF Growth (Singapore) Pte looks to sell around 1.1% stake worth ₹1,000 crore in Zomato via the block deal route.
13 join the unicorn club in Q3: Nasscom
India’s start-up ecosystem continues to see considerable acceleration, with edtech being the most sought after sector, reads a report by Indian tech industry’s trade association.
Food delivery apps rise to the occasion
With the pandemic raging and restaurants struggling with footfalls given social distancing fears, deep-pocketed Zomato and Swiggy have figured out ways to thrive in a pandemic.
