Tiger Global exits Zomato by selling stake worth ₹1,124 cr; stock rises
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.
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Zomato jumps 14% on ₹2 crore profit in Q1
Zomato's net profit stood at ₹2 crore for the first quarter compared to a loss of ₹186 crore in the year-ago period.
Zomato shares slide 7% as Q3 loss widens; analysts see 84% potential upside
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.
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.
Zomato stock zooms 14% on revenue surge in Q2
The food-tech major also narrowed its net loss by 41.6% to ₹251 crore in the July-September quarter against ₹430 crore in the year-ago period.
New sign-ups, renewals stopped for Zomato Pro; users complain
Zomato users face inconvenience in renewing Pro subscriptions; foodtech firm says it is working on a new experience
Tiger Global trims stake in Zomato after Uber’s exit; stock edges higher
Tiger Global sold 18 crore shares of Zomato after the one-year lock-in period ended last month; shareholding in the company reduced to 2.77%.
Zomato share dives 10% on Uber stake sale report
Uber plans to sell its entire 7.8% shares in Zomato at ₹48-₹54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of ₹55.60 on the BSE.
Zomato shares jump 9% as Q1 loss narrows
Zomato share price currently trades 70% lower than its life-time high of ₹169.10 touched in November last year
Aswath Damodaran values Zomato at ₹35 per share
Zomato's ₹4,447 cr acquisition of quick commerce startup Blinkit raises questions about whether this growth is coming at a reasonable cost, says NYU professor.
