Zomato is making headlines once again! The Indian food delivery giant announced plans to raise $1 billion through a qualified institutions placement, marking its first major fundraising effort since its IPO in 2021. This move comes at a crucial time, just weeks ahead of rival Swiggy’s highly anticipated IPO, where it aims to raise $1.4 billion.
Market analysts were surprised by Zomato’s…
Blinkit is shaking up the fashion e-commerce landscape with its new 10-minute return and exchange service for clothing and footwear, now available in key Indian cities like Mumbai, Bangalore, Hyderabad, and Pune. This innovative approach addresses common concerns about online shopping, such as fit and size issues, giving Blinkit a competitive edge against major players like Myntra and…
Zomato Ltd’s co-founder and Chief People Officer (CPO), Akriti Chopra, has resigned to pursue other interests, as announced in the company’s filing with the Bombay Stock Exchange (BSE) on September 27, 2024.
The company stated, “We would like to inform that Ms. Akriti Chopra, Co-Founder & Chief People Officer designated as Senior Management Personnel (SMP), has tendered her resignation…
Walmart-owned e-commerce giant Flipkart has officially launched its rapid delivery service, ‘Minutes,’ in Bengaluru, aiming to revolutionize quick commerce in India. The service, which promises deliveries within 10 to 15 minutes, is now operational in key areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli.
This new offering positions Flipkart directly in competition with…
Deepinder Goyal, co-founder and CEO of Zomato, has ascended to the billionaire club amid a monumental rally in Zomato’s shares, driven by the rapid growth of Blinkit and recent adjustments in platform fees. Zomato’s market capitalization has skyrocketed to ₹1.8 lakh crore, marking a significant milestone in Goyal’s entrepreneurial journey.
Background of Deepinder Goyal and Zomato’s…
