What is the recent Zomato news?

What is the recent Zomato news?

Zomato rallies most since listing, up 19%; m-cap tops Rs 50,000 crore. The company’s consolidated revenue from operations rose to Rs 1,212 crore in the fourth quarter of 2021-22 as compared to Rs 692 crore recorded in the corresponding period previous year, posting year-on-year growth of 75 per cent.

Is Zomato going in loss?

Food delivery firm Zomato said on Monday its consolidated net loss for the quarter ended March widened to Rs 360 crore compared to Rs 134.2 crore the same time last year. Revenue from operations were at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year.

Has Zomato acquired Blinkit?

Shares of Zomato closed at ₹70.35 on BSE on Friday, up 1.15%, before the acquisition was announced. Zomato also acquired Blinkit’s warehousing and ancillary services business HOTPL for $8 million. It would, however, not acquire the B2B trading business as that no longer fits strategically into its plans, it said.

Why is Zomato at loss?

“We believe that the weak QoQ growth in GOV was primarily due to reduction in customer delivery charges, in addition to a soft impact of post-Covid reopening (including some shift from delivery to dining out),” said the company. “Over the years, unit economics in our food delivery business have improved with scale.

Who is Zomato owner?

deepinder goyal: Zomato CEO Deepinder Goyal says company won’t make any new minority investments – The Economic Times.

Who bought Zomato?

Zomato