Zomato Reports INR 3,288 Cr Revenue and INR 138 Cr Profit in Q3 FY24

Three points you will get to know in this article: On Thursday, Zomato, the pioneering foodtech and quick commerce platform, unveiled its financial performance for the third quarter of the ongoing fiscal year, Q3 FY24. The latest figures reveal not just a commendable surge in scale, but also a remarkable 3.8X leap in profits. According to the company’s consolidated financial…

Zomato Witnesses INR 1,127 Crore Block Deal, with SoftBank Likely as the Seller

Three points you will get to know in this article: Zomato, the prominent player in the food tech industry, experienced an upward momentum in its stock value during the initial trading hours this Friday, December 8th. This positive movement was fuelled by a significant block deal. In this noteworthy transaction, approximately 1.06% ownership of the company, equivalent to 9.35 crore…

Paytm: Biggest Loser in Lacklustre Week for New-Age Tech Stocks

Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…

Zomato Shares Open Flat as Tax Authorities Issue Notice to Food Delivery Firms

Three points you will get to know in this article: Zomato’s stocks had an uneventful start on Thursday (November 23) amid reports of tax notices served to both Zomato and Swiggy for alleged non-payment issues in the realm of food delivery aggregation. Closing at INR 115.25 on the preceding day (November 22), Zomato’s shares exhibited a neutral performance. By 9:20…

Zomato Allocates 10.65 Crore ESOPs After Two Consecutive Profitable Quarters

Three points you will get to know in this article: Zomato Allocates 10.65 Crore Equity Shares through ESOPs The renowned foodtech giant, Zomato, has recently assigned approximately 10.65 crore equity shares through various employee stock option plans (ESOPs). In an official filing with the exchange, the company communicated that its board has given the green light for the allocation of…

New-Age Tech Stocks Decline Amid Geopolitical Tensions; Paytm Emerges as Biggest Winner This Week

Three points you will get to know in this article: This week witnessed a downturn in the performance of Indian new-age technology stocks, mirroring the broader market’s decline. The setback was attributed to a combination of mixed Q2 earnings reports from various companies and escalating geopolitical tensions.Within the realm of Inc42’s coverage, 11 out of the 18 new-age tech stocks…

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