Zomato
TMT
Zomato reports first-ever net profit on back of tax credit
Foodtech major Zomato reported its first net profit on Thursday propelled by a tax gain, a quarter ahead of its ......
Finance
Peak XV to hold CEOs meet for first time after Sequoia split
India's biggest venture capital firm Peak XV Partners has organised a meeting of its more than 200 investee companies next ......
Finance
CPPIB's India exposure tops C$20 bn, doubles in three years
Canada Pension Investment Plan Board (CPPIB) increased its net assets in India by 11% in the fiscal year through March 2023, ......
Finance
Private equity exit deals reverse course, slump to five-year low in FY23
The number of private equity exit transactions fell to their lowest level in at least five years during the 12 months through ......
Finance
Zomato's Q4 loss narrows, revenue grows as food delivery scenario improves
Food delivery platform Zomato narrowed its net loss for the quarter ended 31 March 2023 to Rs 188.2 crore against ......
TMT
Swiggy's food delivery biz turns profitable, excluding ESOP costs: CEO
Foodtech unicorn Swiggy on Thursday said its food delivery business, which accounts for the majority of its revenue, has turned ......
TMT
Invesco trims Swiggy's valuation in ‘March' again after slashing it to $5.5 bn
US-based Invesco has knocked down the value of its stake in foodtech unicorn Swiggy held through one of its investment ......
TMT
How the digitised Indian consumer is luring global investors for a piece of cake
Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) ......
TMT
Deals Digest: Funding activity tanks seeing steepest decline in weeks
In a major decline in funding activity, deal value more than halved from the last week as the last five ......
TMT
VC-backed Kitchens@ buys Swiggy's cloud kitchens after snapping Zomato's ZIS
Food delivery aggregator Swiggy has sold its cloud kitchen business to Beenext-backed Loyal Hospitality Pvt. Ltd, which operates cloud kitchen ......
