New Delhi: Zomato’s quick delivery service, Blinkit, has become more valuable than its core food delivery business, according to a new Goldman Sachs report. While Zomato’s food delivery business is valued at Rs 98 per share, Blinkit’s “implied value” is at Rs 119 per share, or about $13 billion, according to the investment bank’s report. … Read more
Representational Image New Delhi: Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 per order. Zomato introduced a platform fee of Rs 2 in August last year and later increased it to Rs 3 to improve its margins and become profitable. Buoyed by record food orders on … Read more
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of … Read more
Representational Image New Delhi: Online food delivery platform Zomato has received a goods and services tax (GST) demand and penalty order worth Rs 11.81 crore. The order consists of Rs 5.9 crore in GST demand and a penalty of Rs 5.9 crore for July 2017-March 2021 period. “The company has received an order for the … Read more
Stocks to watch on April 2: Equity market started the week with modest gains and hit new life highs, gaining over half a percent. In today’s trade, shares of ABFRL, Hero MotoCorp, Infosys, RIL, Bharat Electronics will be in focus due to various developments and monthly business updates. Infosys: The IT services major has received … Read more
Twinkle Khanna, author and former actress, has offered her perspective on the recent controversy surrounding Zomato’s “pure veg” delivery initiative. In a column for The Times of India, Khanna acknowledged Zomato’s perceived business strategy: identifying a potential market gap and capitalising on it. However, she spoke about the cultural implications overlooked by the “pure veg” … Read more
Zomato says it has a strong case on merits and the company will be filing an appeal against the order before the appropriate authority. (Photo: Reuters) Zomato says it has received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, raising … Read more
New Delhi: Facing flak over his decision to launch a ‘pure veg mode,’ Zomato Co-founder and CEO Deepinder Goyal on Wednesday said the company has decided to remove the on-ground segregation of its rider fleet on the ground using the colour green. Earlier, the riders for ‘pure veg mode’ were supposed to wear only green … Read more
Last Updated: February 28, 2024, 18:45 IST BLive Partners With Zomato To Accelerate Electric Delivery Fleet in Southern India. (Photo: BLive) BLive partners with Zomato to expand green deliveries in South India, deploying EV fleets for sustainable last-mile services. BLive, a leading electric vehicle (EV) platform in India, has expanded its partnership with Zomato, the … Read more
A recent interaction on social media platform Zomato has been making waves across the internet, eliciting laughter and admiration from netizens. The exchange, which took place between a customer and Zomato’s social media team, tapped into a popular Instagram game, Ek Machli pani me Gayi, resulting in a playful banter that quickly went viral. The … Read more
