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Tag: FoodTech

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

Swiggy likely to have lower public market valuation than Zomato: Elara Capital

Brokerage firm Elara Capital anticipates that Swiggy will have a lower valuation than its competitor Zomato when it goes public. This expectation arises from...

Foodtech giant Swiggy to file DRHP this week

With reports suggesting an increase in the size of its initial public offering (IPO), foodtech giant Swiggy is now reportedly set to file its...

Zomato to settle INR 9.85 Cr GST case with West Bengal authorities

Already dealing with numerous GST notices, foodtech giant Zomato has opted to resolve a case with West Bengal GST authorities by paying INR 9.85...

Swiggy rolls out ‘Cafe’ to deliver snacks and beverages within 15 minutes

Following Zepto's lead, IPO-bound food delivery giant Swiggy has introduced 'Cafe,' offering snacks and beverages with a 15-minute delivery window. The service is currently available...

Zomato expands partnership with IRCTC, now delivers food to train passengers at 100+ stations

Foodtech giant Zomato has expanded its partnership with the Indian Railway Catering and Tourism Corporation (IRCTC), now providing food delivery to train passengers at...

Zomato shares reach all-time high of INR 285.95 amid broader market rally

Shares of foodtech giant Zomato hit a new all-time high of INR 285.95 on the BSE on Thursday (September 12), buoyed by a broader...

Zomato rolls out developer platform for PoS partners

Marking another move in its series of experiments and product launches, listed foodtech giant Zomato has introduced a developer platform for its point of...

Swiggy to increase IPO size, targets INR 5,000 Cr through fresh issue

With investor interest in Indian tech startups' public listings reigniting, food and grocery delivery giant Swiggy is contemplating an increase in the fresh issue...

Swiggy introduces ‘Incognito Mode’ for discreet ordering

Foodtech giant Swiggy has introduced an ‘incognito mode’ feature, allowing users to place orders privately on its food delivery and quick commerce platforms. The new...

Former junior staff at Swiggy embezzled INR 33 Cr; investigation underway

IPO-bound foodtech giant Swiggy disclosed in its annual report for FY 2023-24 that a former junior employee embezzled INR 33 crore over an extended...

Zomato shares surge 7.7% after JP Morgan raises target price to INR 340

Shares of foodtech giant Zomato jumped 7.7% on the BSE today, hitting an intraday peak of INR 261.50 after JP Morgan increased its target...

Swiggy’s FY24 revenue soars 36% to INR 11,247 Cr; net loss nearly halves to INR 2,350 Cr

Foodtech giant Swiggy has reportedly recorded a 36% revenue growth, reaching INR 11,247 Cr in FY 2023-24, up from INR 8,265 Cr the previous...

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