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Zomato shares nosedive 15% to hit 6-month low on strong volume trade
The share price of the online food delivery company trades 9% higher than its all-time low of ₹40.55 touched on July 27, 2022.
The share price of the online food delivery company trades 9% higher than its all-time low of ₹40.55 touched on July 27, 2022.
The 10-min food delivery service failed to attract profitability, say reports; Zomato now planning to pivot into a new product.
Few analysts say that it may be Zomato's ploy to get new users on board.
The 30-minute average delivery time by Zomato is too slow, and will soon have to become obsolete, says founder Deepinder Goyal