Zomato Profit

Zomato posted its second straight quarterly profit today, an unexpected result that was driven by higher food delivery orders that the company expects will be even higher in the ongoing festive season.

Shares of online food delivery firm Zomato Ltd zoomed over 14 per cent in morning trade on Friday, after the company reported its first-ever consolidated profit after tax of Rs 2 crore in the April-June quarter of 2023-24.

Shares of Zomato went up as much as 3.9% after the results.

Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.

E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over...

Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The startup, which provides EVs for last-mile delivery for online stores, plans on using t...

Paytm' stock rose as much as 7.4% yesterday, its biggest intraday jump in two months after the firm posted its first-ever quarterly operating profit as a listed firm.

Swiggy and Zomato featured in a research firm's list of the top 10 e-commerce-based food delivery platforms, placing ninth and tenth in the global ranking. Both companies are part of over a hundred unicorns from the country, which means they have a total valuation of $1 billion (roughly Rs. 8,000 crore). The report by Canada-headquartered global re...

Shares of India's Zomato surged nearly 7 per cent on Wednesday after several analysts projected higher profits in the near term, recovering some losses from a sharp drop in their value after a share lock-in period ended this week.

Indias new stock listings are losing their edge as a worsening outlook for global equities leads investors to take profit from high-profile consumer technology stocks that debuted with inflated valuations.

Hindustan Unilever's Q1 standalone net profit for the quarter ended June came at Rs 2,061 crore, an increase of 9.5 per cent compared to Rs 1,881 crore in the same quarter last year

Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts' forecasts.

In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.

'Dark' kitchens are developing in India based on a delivery-only model with an aim to cater to the fast-growing consumer demand through food apps.

Zomato has branched out into online food ordering and table reservations among others.

Zomato posted its second straight quarterly profit today, an unexpected result that was driven by higher food delivery orders that the company expects will be even higher in the ongoing festive season.

Shares of online food delivery firm Zomato Ltd zoomed over 14 per cent in morning trade on Friday, after the company reported its first-ever consolidated profit after tax of Rs 2 crore in the April-June quarter of 2023-24.

Shares of Zomato went up as much as 3.9% after the results.

Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.

E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over...

Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The startup, which provides EVs for last-mile delivery for online stores, plans on using t...

Paytm' stock rose as much as 7.4% yesterday, its biggest intraday jump in two months after the firm posted its first-ever quarterly operating profit as a listed firm.

Swiggy and Zomato featured in a research firm's list of the top 10 e-commerce-based food delivery platforms, placing ninth and tenth in the global ranking. Both companies are part of over a hundred unicorns from the country, which means they have a total valuation of $1 billion (roughly Rs. 8,000 crore). The report by Canada-headquartered global re...

Shares of India's Zomato surged nearly 7 per cent on Wednesday after several analysts projected higher profits in the near term, recovering some losses from a sharp drop in their value after a share lock-in period ended this week.

Indias new stock listings are losing their edge as a worsening outlook for global equities leads investors to take profit from high-profile consumer technology stocks that debuted with inflated valuations.

Hindustan Unilever's Q1 standalone net profit for the quarter ended June came at Rs 2,061 crore, an increase of 9.5 per cent compared to Rs 1,881 crore in the same quarter last year

Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts' forecasts.

In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.

'Dark' kitchens are developing in India based on a delivery-only model with an aim to cater to the fast-growing consumer demand through food apps.

Zomato has branched out into online food ordering and table reservations among others.