Zomato Won’t Change its Name to Eternal, Says CEO
Weeks after releasing an internal memo with his employees discussing internally rebranding the bigger Zomato business (post-acquisition of Blinkit) as “Eternal,” Zomato’s founder and CEO...
Tag : Zomato
Sequoia Sells Part of Pre-IPO Zomato Stake, Reducing Stake to 4.4%
Sequoia Capital India has sold part of its pre-IPO stake in Zomato on the open market, reducing its stake in Zomato to 4.4%. In a...
CarTrade Tech Shares Under Pressure, But No Zomato-Like Crash After Lock-In Ends
Shares of CarTrade Tech fell after a modest open on Tuesday as the stock came under pressure after a one-year lock-in for pre-IPO investors ended....
Big Tech Officials to Appear Before Parliamentary Panel on Tuesday
According to media reports, officials from Meta, Google, Amazon, Apple, Uber and Netflix will appear before a parliamentary panel investigating anti-competitive practices in the digital...
Equity Mutual Fund Flows Moderate in July, Maruti Suzuki Tops
Equity mutual funds (MFs) stopped buying stocks in July despite a 9% rise in the benchmark index. Last month, they only invested Rs 4,712 crore...
Squadstack Raises $17.5 Million Led by Bertelsmann India Investments
Software-as-a-Service (SaaS) startup SquadStack has raised Rs 140 crore ($17.5 million) in a series B round led by Bertelsmann India Investments, with participation from existing...
Zomato Shares Up 3% as Shares Increase in FTSE Weighting
Zomato shares rose about 3% on Monday as investors bought into the food delivery platform’s shares after the stock’s weighting in the FTSE index increased....
Tiger Global Owns Nearly Half Stake in Zomato as It Sells Over 18 Crore Shares
Investment firm Tiger Global has cut its stake in Zomato by nearly half to 2.77%, it said on Thursday. Tiger Global’s Internet Fund IV holds...
Zomato Drops by About 7% in Response to Uber Share Sale News
After news broke the previous day that Uber Technologies intended to sell its whole shareholding in the Indian food delivery company, shares of Zomato Ltd....
Zomato Cuts Investment in Blinkit to $320 Million
In an earnings call on August 2, Zomato co-founder Deepinder Goyal said that Zomato is lowering its overall investment guidance in Blinkit to $320 million...