These developments come on the heels of the company receiving tax demands and penalty orders from authorities.
He added that earlier large orders were handled by multiple delivery partners and the customer experience was not what the company aspired for.
By integrating Simpl's 1-Tap Checkout into Zomato, both companies anticipate the participation of millions of new and existing users, broadening…
The company recorded an increase in total expenses, reaching Rs 3,383 crore, up from Rs 2,485 crore in the same period last year
The Tata Neu app currently features a food category section, displaying menus exclusively from restaurants affiliated with the Tata Group's…
Zomato announced that its subsidiary, Zomato Payments Pvt Ltd has received approval from the RBI to function as a payment aggregator.
This move follows the company's introduction of the platform fee model in April 2023, where an initial extra charge of Rs 2 was applied to…
The investment is part of Zomato's series-I financing round.
It's a significant 7 million up from the previously disclosed 21 million run rate for October.
The move comes after FSSAI had directed the food delivery platforms to de-list all unlicensed and non-registered restaurants from their listings.
Prior to joining Zomato, Thomas was partner at legal firm Khaitan & Co.
Ctrip is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.
FSSAI, in July, had instructed all major foodtech players to delist non-compliant restaurant partners to ensure food hygiene and safety.
The Gurugram-headquartered company implemented a uniform flat platform fee in August 2023, initially set at Rs 2 per order and subsequently raised to…
Zomato's CEO, Deepinder Goyal, dismissed reports of a $2 billion acquisition offer for Shiprocket, affirming that the company currently isn't considering any acquisition.
The partnership between Flower Aura and these platforms is geared towards making their diverse range of cakes more accessible to customers, aiming to improve convenience and reach.
During the current quarter, the revenue from operations amounted to Rs 2,848 crore, marking a significant increase from the Rs 1,661 crore recorded in the corresponding period last year.
Similarly, private equity firm Tiger Global, also sold its remaining 11.24 billion rupees stake in the company after cutting 2.34% stake last year.
As part of this collaboration, IRCTC has initiated a Proof of Concept (PoC) at five prominent railway stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi.
As per reports, Zomato decided to shut down international businesses as they do not contribute to its revenues, following its listing on the exchanges.
Restaurant partners can utilize this platform to access valuable information regarding demand and supply gaps, pricing distribution, and trending demands for various dishes or cuisines.
The aim is to improve the overall customer experience across both Zomato and Blinkit platforms. The company plans to develop and implement these AI tools accordingly.
Food delivery companies experienced consistent growth in their business from 2018 to 2020, with the percentage increasing from 43% to 52% during this period.
The company on Friday reported a 70% year-on-year jump in its operational revenue for the March-quarter to Rs 2,056 crore, and its net loss narrowed to Rs 187.6 crore in the quarter, compared to Rs 359.7 crore in the year-ago period.
Copyright © 2009 - 2024 Restaurant India.