Deepinder Goyal, who stepped down as Zomato's CEO, raised $54M at a $190M valuation for Temple, which aims to make high-performance wearables for elite athletes
Deepinder Goyal, who stepped down as Zomato's CEO, raised $54M at a $190M valuation for Temple, which aims to make high-performance wearables for elite athletes
India's Open Network for Digital Commerce has struggled to break the near-duopoly of Zomato and Swiggy in online food delivery after cutting back on discounts
Krishnapriya V.S. / The India Forum :
India's Open Network for Digital Commerce has struggled to break the near-duopoly of Zomato and Swiggy in online food delivery after cutting back on discounts
A near-duopoly of Zomato and Swiggy controls almost 95% of India's digital platform-based food delivery market …
A look at India's quick food delivery market as Swiggy and Zomato enter the sector; report: online food delivery market in India to reach $15B by March 2029
- Zomato, Swiggy among those who now have quick food delivery — Some social media users have voiced concerns on food quality
Sensor Tower: Indian quick commerce startup Zepto had 31M MAUs in Nov. 2024, up from 6M in May 2022; Blinkit had 30M MAUs in Nov. 2024, up from 28M in May 2022
Quick-commerce rivals Zomato-owned Blinkit and Zepto are neck-and-neck in India's instant delivery market … X: @refsrc and @refsrc X: Manish Singh / @refsrc : Zepto has surpassed rival Blinkit in mont...
Zomato's stock rose as much as 19% on August 2 after it reported Q1 profits up 125x to $30.2M, vs. ~$238K a year ago; Zomato's shares gained 110% in 2024
Hritam Mukherjee / Reuters :
Zomato reports Q1 revenue up 71% YoY to ~$292.2M and its first consolidated quarterly net profit at ~$241.9K, vs. a ~$23.4M loss in Q1 2023; ZOMATO jumps 10%+
On August 3, Zomato reported its first-ever consolidated quarterly net profit at Rs 2 crore, on the back of higher order frequency from subscribers of its loyalty programme.
A survey of ~4,000 Indian gig workers on Swiggy, Zomato, Uber, Amazon, and others: 42% say their income is flat, 47% have no insurance, and 51% can't save money
The Economic Times : Source: CIIE Source: CIIE : Data Ownership and Well Being of Gig Workers
Zomato stock dropped 14%+ to a record low after a lock-in period expired, giving the company a market cap of $4.2B, down from $13.2B on its IPO debut year ago
Manish Singh / TechCrunch :