Zomato CEO Deepinder Goyal Clarifies 10-Minute Delivery Initiative On Twitter
Zomato's new 10-minute instant delivery initiative, announced on March 22, received criticism from netizens. Clarifying the same, Zomato CEO Deepinder Goyal assured safety of delivery partners, no penalties and deadline policies and other measures which ensures delivery partners' safety. Goyal said, "We are building new food stations to enable a 10-minute service for specific customer locations only". The new initiative will start in Gurugram… read-more
Tags: ZOMATO, CEO Deepinder Goyal, Delivery Partners, 10 Min Delivery, Gurugram
Courtesy: The Free Press Journal
With 10-minute Delivery Service, Grocery Shopping Improves
With the new age of online shopping, a customer gets a designated time and picker to complete order for basic grocery shopping. This is the new q-commerce sector, which is said to grow up to USD 3.1 billion by 2025 in gross merchandising. As of now which, this section has grown 10 times than ever with more than 1,000 dark stores, being cornered around the country in six months.
Tags: ZOMATO, Delivery Partner, Grocery Delivery, Q-commerce, India
Courtesy: The Indian Express
Burger Club Decides To Expand, Plans To Have 50+ Outlets In India: Delhi
Delhi's best burger chain awardee, the Burger Club is all set to expand in different cities of India. As of now, the burger chain, Launched in 2015, has 28 outlets in the NCR region and is planning to have 50 + outlets in cities like Hyderabad, Kanpur, and Lucknow by 2021 December. ''We believe burgers should be enjoyed by everyone,'' said Sapna, Marketing Head at The Burger Club.
Tags: The Burger Club, Delhi, Best Burger, ZOMATO, expansion
Courtesy: ANI
Zomato Set To Enter MSCI India Index By December
Zomato reported that it is expected to enter the Morgan Stanley Capital International (MSCI) India index in December. The food-tech firm recently became the first consumer internet startup to be listed on the National Stock Exchange. The new development is likely to fetch Rs 1,200 crores to the company. Besides, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC, Mphasis, Bharat Electronics and Bajaj Holding will be included in the index. … read-more
Tags: ZOMATO, SHARE MARKET, Stock market, MSCI index, NSE
Courtesy: The Indian Express
Swiggy, Zomato To Charge GST On Food Deliveries: GST Council
The GST Council has decided that starting from 1st January 2022, Online Food Delivery Businesses like Swiggy and Zomato are required to collect 5% GST from their customers. This transition is meant to simplify the tax administration. Revenue secretary Tarun Bajaj explained, "There is neither a new tax nor extra tax, the tax earlier payable by restaurants, now will be payable by aggregators to prevent revenue leakage."
Tags: GST, GST Council Meeting, Swiggy, ZOMATO
Courtesy: Hindustan Times
Zomato Co-founder Gaurav Gupta Resigns After Six-Year Service
According to reports, Zomato Co-founder Gaurav Gupta has quit the company, informing employees in an email that he's starting a new chapter in his life. Interestingly, he had joined Zomato six years ago as the head of supply and was promoted to co-founder in 2019. Additionally, his decision came days after the company decided to stop delivering groceries citing poor management.
Tags: ZOMATO, co-founder, quits, Gaurav Gupta
Courtesy: Live Mint
Zomato Announces To Shut Its Grocery Delivery Service
Food delivery giant Zomato has announced that it's going to stop its grocery delivery service effective from September 17. Reportedly, the company took this decision due to multiple reasons such as poor customers experience, increasing competition, and delays in deliveries. Zomato also couldn't compete with grocery delivery platform Grofers' 10-minute delivery promise. While It's confident that its stake in Grofers will generate better income… read-more
Tags: ZOMATO, Grocery Delivery, Grofers, Loss
Courtesy: Money Control
Zomato Launches Pro Plus Offering 'Unlimited Free Deliveries'
Zomato has launched the Zomato Pro Plus membership on August 2, which includes benefits like no surge fee, no distance fee, the facilities of the exiting pro membership, and ''unlimited free deliveries''. Sharing the news, the company's CEO, Deepinder Goyal tweeted “So in a few hours, we are launching our Limited Edition 'Pro Plus' membership for select customers.” However, regular customers can buy the membership using the app.
Tags: ZOMATO, Pro Plus Membership, Food Delivery, Free Delivery
Courtesy: India Today
Zomato, Swiggy Are Exceptional Food Delivery Apps In World: Zomato's CEO
Zomato and Swiggy are considered to be the best food delivery apps in the world according to Zomato’s CEO and Co-founder Deepinder Goyal. On July 23, Zomato was listed as a unicorn brand. Speaking of Zomato’s successful business, he stated, “if you are building to succeed in India, you are already exceptional.” Goyal further stated that the tremendous response to its IPO has given the company confidence.
Tags: ZOMATO, Swiggy, Google Apps, India
Courtesy: Business Insider
Zomato Is Now On BSE; Market Cap Reaches Rs 1 Lakh Cr
Food delivery giant, Zomato was marked as India's first unicorn to list on the stock exchanges on July 23. On the BSE, it was listed at Rs 115, a premium of 51.32% over the issue price of Rs 76. The stock debuted on the NSE at Rs 116. Zomato also bags a position among the Top 100 listed businesses in terms of market capitalization worth Rs 1 lakh crore.
Tags: ZOMATO, IPO, Market Capitalization, business
Courtesy: The Economic Times