Photo: Business Standard
Zomato's Much Awaited IPO To Launch On 14th July 2021
Zomato bags the 78th position among the top firms in India by market value as it announces a post-money valuation of Rs 59,623 crore. The food giant has set the offer price for its IPO at Rs 72-76 a share. The share sale (IPO) of Zomato will be open for subscription from 14-16 July. Meanwhile, Zomato is expecting to make a rough profit of Rs 15,000 crores post its IPO.
Tags: IPO, ZOMATO, food, FOOD-DELIVERY SERVICES
Courtesy: Hindustan Times
Photo: Times Now
Swiggy, Zomato Flooded With Over 4,000 Orders/Minute On New Year Eve
The food delivery persons from Zomato and Swiggy struggled to cope with flooding orders on December 31 evening as the apps witnessed a record number of orders. While Zomato got 4,254 orders/minute, Swiggy received 5,500 orders/minute, doubling its new user base. Zomato CEO Deepinder Goyal said that it worked with 1,00,000 delivery partners to deal with the orders. Reportedly, the orders spiralled due to the restrictions laid by authorities to… read-more
Tags: Swiggy, ZOMATO, New Year, FOOD-DELIVERY SERVICES
Courtesy: LiveMint
Photo: Twitter/UberEats
Uber Eats Doubles the Business While COVID-19 Pushes Rides on Backseat
With increased customers' ordering, Uber Eats delivered food-orders more than double in second quarter. However, Uber Rides faced the heat of the coronavirus pandemic. According to Uber Technologies, ride-hailing trips rose by five percent from their low in April but remained down by 75 percent compared to last year. Uber posted a 1.8 billion USD net loss during April-June. It has laid off its 23% global workforce as well.
Tags: UBER TECHNOLOGIES, FOOD-DELIVERY SERVICES, RIDE-HAILING TRIPS, GLOBAL WORK FORCE
Courtesy: NDTV
