Diabytes
Zomato News
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Deepinder Goyal’s net worth has now touched an estimated 1.9 billion dollars (around Rs 15,820 crore), as per Forbes’ real-time billionaire rankings. On the same day, shares of Eternal crossed the Rs 3 lakh crore market cap mark, making the company more valuable than big names like Wipro, Tata Motors, Nestlé, and Asian Paints.
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According to the company’s stock exchange filing, Blinkit has added 294 net new stores in Q4, and is on track to get to 2,000 stores by December 25.
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The reported layoffs came as the company faces challenges in its core food delivery business and rising losses in its quick commerce subsidiary, Blinkit.
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The name change, approved by the company's Board, highlights Zomato's growth beyond just food delivery.
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Amid concerns over monopolisation by online food delivery platforms launching private labels and leveraging restaurant data, the NRAI which represents more than 5 lakh restaurants in the country organised a live poll with 8,000 people from across the country.
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In two days, the company's market capitalisation (mcap) got eroded by Rs 35,175.53 crore to Rs 2,04,876.94 crore.
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Earlier, Deepinder Goyal made headlines with the announcement that Zomato has launched a wellness facility at their headquarters in Gurugram.
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The NRAI said that by monetising data derived from restaurant partners, they are exploiting a conflict of interest that could decimate the very ecosystem they claim to support.
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Although valuations appear reasonable considering Zomato's strong execution and growth opportunities, Jefferies is "worried on the rise in quick commerce competition."
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The company said it will file an appeal before the appropriate authority as it believes it has a strong case.
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The company opened its Qualified Institutional Placement (QIP) issue on November 25, which closed on Thursday.
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Deepinder Goyal, in his post announced that he is searching for a “chief of staff” to work closely with him.
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Zomato CEO Deepinder Goyal took to social media platform X to announce a vacancy for a "Chief of Staff" to work closely with him.
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An odd listing of food by a restaurant on Zomato has sparked speculations with many users suspecting that it could be involved in illegal activities like drug distribution.
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On Swiggy versus Zomato, MOFSL said that a cursory glance through the numbers indicates Zomato now has market leadership across food delivery and quick commerce, the two key battleground areas for the players.
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With ‘District,’ Zomato introduces its third major service after its popular food delivery platform and BlinkIT’s quick-commerce service.
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Zomato shared a heart warming tweet captioning it as 'You And I In This Beautiful World' --one of the most popular and memorable advertisements of all time by Hutch --cheering Swiggy on its market listing.
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Goyal shared this story during his recent appearance with his wife , Gia Goyal on the popular comedy show The Great Indian Kapil Show.
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During the episode, Kapil spoke about the flirtatious push notification that Deepinder’s Zomato app sends to its customers.
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In a post on X social media platform, Goyal said these button mushrooms were already identified by “our warehouse team and were rejected during an inward QC (quality control)”.
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