Zomato
Zomato Shares Fall 5% Following Jefferies’ Downgrade To ‘Hold’
On January 7, food technology major Zomato witnessed a decline in its stock value during intraday trading. The shares fell by approximately 4.9% from their January 6 closing, reaching ₹251.60. This dip is attributed to brokerage firm Jefferies revising its outlook on the company. Zomato At Hold Rating Jefferies has assigned Zomato a “Hold” rating […]
“Blinkit Company Introduces Additional Feature Last Week To Delete Order History”
Zomato’s quick commerce arm, Blinkit, has introduced an innovative feature allowing users to delete their order history. This new functionality aims to enhance user privacy and provide greater control over their accounts. The feature was announced by Blinkit’s co-founder and CEO, Mr. Albinder Dhindsa, on LinkedIn, where he shared insights into its development and initial […]
“Market Cap Of 32 New Age Tech Stock Surpasses $100 Billion In 2024”
The cumulative market capitalization of 19 new-age tech stocks saw a remarkable growth of 67% in 2024, rising from $40.6 billion at the end of 2023 to an impressive $67.6 billion by the close of 2024. This surge can be attributed to fundamental improvements in these companies and a broader rally in equity markets. Companies […]
“Zomato Shares Fall Over 3% Following Sensex Inclusion Debut”
Zomato, a leading food tech company, has achieved a significant milestone by becoming the first new-age technology company to be included in the BSE Sensex. This inclusion marks a pivotal moment for the company as it replaces JSW Steel in the benchmark index. Zomato BSE Sensex The BSE Sensex, one of India’s oldest and most […]
“Zomato Food Giant Company Business Finance Head Hemal Jain Steps Down From Company”
Founded in July 2008 by Deepinder Goyal and Pankaj Chaddah, Zomato has emerged as the number one online food delivery company in India. Starting as a simple restaurant discovery platform, Zomato has transformed into a food-tech giant, connecting millions of users with restaurants and delivery partners across the country. Its success story is a testament […]
“CureFit Fiscal Year 24 Loss Surges By 42% To INR 889 Crore”
Zomato-backed fitness startup CureFit reported a consolidated net loss of INR 888.5 crore for the financial year ending March 2024, marking a 42% increase from INR 625.5 crore in the previous fiscal year. The rise in losses is attributed to higher cash burn despite significant revenue growth. CureFit Big News CureFit’s operational revenue surged by […]