Shares of Zomato fell over 10% after reporting a 57% YoY drop in Q3 net profit, mainly due to increased spending and ...
In Q3, Blinkit's GOV grew by 27.2% QoQ, maintaining a strong growth trajectory. However, profitability faced pressure, as ...
Swiggy's stock falls 11% after Zomato's poor quarterly performance raises concerns among investors. What this means for the ...
The meeting comes on the heels of NRAI’s opposition to Zomato, Swiggy and others venturing into quick commerce food delivery ...
The fall in share prices of the food delivery and quick commerce companies, particularly Zomato, can be attributed to its ...
Zomato's management expects the losses in Blinkit to continue in the near term, due to aggressive store expansion.
Zomato’s results have served as a rude wake-up call for investors in Quick Commerce companies. The company’s shares were down ...
Zomato shares drop 12% as net profit falls 57.2% in December quarter, impacting market capitalization and stock prices.
Swiggy is witnessing an impact from Zomato's quarterly results, which were reported on Monday. Zomato shares are also down 9% ...
The burden of discounts has largely fallen on restaurants, which often pay 5–10% of order value for promotions to secure ...
The burden of discounts has largely fallen on restaurants, which often pay 5–10% of order value for promotions to secure ...
NRAI has alleged that the introduction of standalone apps, Bistro and Snacc, by Zomato and Swiggy respectively is raising ...