Friday, April 19, 2024
Outlook.com
Outlook India
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Zomato

When evaluating an AI or GenAI-enabled investment pitch, she does not focus solely on the technological performance, but rather on assessing the investment proposition that utilizes this technology to enhance business wisdom and expedite operations

The multi-brand EV platform has partnered with TVS to deploy premium e-scooter iQube for deliveries on a rent-to-own model, where the delivery personnel of Zomato will be able to get ownership of the EV at the end of three or more years of rental tenure.

The stock advanced 5.17 per cent to hit a 52-week high of Rs 151.45 on the BSE. On the NSE, it jumped 5 per cent to Rs 151.40 -- its 52-week high level. 

It also organised the 'Zomato Bravery Awards' to celebrate the commitment of five selected delivery partners across India

In August 2023, the company introduced a platform fee of Rs 2, which was later raised to Rs 3

Zomato denied any wrongdoing, stating that it is not liable to pay the amount, as the delivery charge is collected by the platform on behalf of delivery partners

People familiar with the matter stated that Zomato has proposed a Rs 2 billion acquisition of ShipRocket

SoftBank retains a 2.17 percent ownership stake in Zomato

The food delivery platform commemorated International Day of Persons with Disabilities by making two rest points in Delhi and Bangalore barrier-free for wheelchair users

With a projected 40% YoY revenue growth for the next few years, Zomato's profitability milestone in Q124 underscores its dominion in the food delivery market. But will it be able to maintain this momentum?