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Zomato Posts Surprise Profit In Q2, Expects More In Festive Season
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.
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Zomato Shares Jump 14%, Hit 52-Week High After First-Ever Quarterly Profit
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.
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''Zomato And Tomato Both Surging'': Memes Abound As Company Posts Rs 2 Crore Profit
Shares of Zomato went up as much as 3.9% after the results.
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Zomato Turns Profitable, Reports First-Ever Quarterly Gain
Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.
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Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable
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...
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Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025
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...
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Sorry, A Bit Late...: Zomato Founder's Tweet After Paytm's Surprise Operating Profit
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.
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Swiggy, Zomato Amongst Top 10 Global Food Delivery Platforms, Research Firm Says
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...
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Zomato Shares Rise Nearly 7% As Analysts Project Bigger Order Volumes
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.
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Zomato, Nykaa, Other Big IPO Winners See Stock Price Crash
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.
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Stocks To Watch: Reliance Industries, Hindustan Unilever, Zomato
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
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Internet Company Behind Naukri.com, Zomato Surges In Stock Market
Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts' forecasts.
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WeWork India Lays Off 20% Of Workforce
In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.
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'Dark' Kitchens: A Lowdown On The New Phenomenon In Food Delivery
'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.
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Zomato Turns Profitable, Says CEO
Zomato has branched out into online food ordering and table reservations among others.
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Zomato Posts Surprise Profit In Q2, Expects More In Festive Season
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.
-
Zomato Shares Jump 14%, Hit 52-Week High After First-Ever Quarterly Profit
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.
-
''Zomato And Tomato Both Surging'': Memes Abound As Company Posts Rs 2 Crore Profit
Shares of Zomato went up as much as 3.9% after the results.
-
Zomato Turns Profitable, Reports First-Ever Quarterly Gain
Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.
-
Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable
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...
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Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025
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...
-
Sorry, A Bit Late...: Zomato Founder's Tweet After Paytm's Surprise Operating Profit
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.
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Swiggy, Zomato Amongst Top 10 Global Food Delivery Platforms, Research Firm Says
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...
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Zomato Shares Rise Nearly 7% As Analysts Project Bigger Order Volumes
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.
-
Zomato, Nykaa, Other Big IPO Winners See Stock Price Crash
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.
-
Stocks To Watch: Reliance Industries, Hindustan Unilever, Zomato
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
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Internet Company Behind Naukri.com, Zomato Surges In Stock Market
Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts' forecasts.
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WeWork India Lays Off 20% Of Workforce
In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.
-
'Dark' Kitchens: A Lowdown On The New Phenomenon In Food Delivery
'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 Turns Profitable, Says CEO
Zomato has branched out into online food ordering and table reservations among others.
