Zomato Price Target Raised by ICICI Securities on Robust Revenue CAGR
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Posted in Food
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…
Posted in Business
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…
Posted in BusinessDaily Feeds
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.…
Posted in BusinessDaily Feeds
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…
Posted in BusinessDaily Feeds
Analyzing the Sentiment of Startup IPOs on D-Street
Three points you will get to know in this article: In contrast to the challenging ride for Indian startups venturing into the stock market in 2022, this year has shown a marked improvement. Despite the gloomy backdrop of the funding winter, three startups went public last year, while 2023 has witnessed the IPO debut of five startups so far. Yet,…
Posted in BusinessDaily Feeds
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…
Posted in BusinessTechnology
Giga ML Secures $3.6 Million to Assist Enterprises in Training and Deploying On-Premise LLMs
Three points you will get to know in this article: Giga ML, hailing from San Francisco and Bengaluru, recently secured $3.6 million in a seed funding round spearheaded by Nexus Venture Partners. Notably, this funding initiative garnered support from significant players such as Y Combinator, Liquid 2 Venture, 8vdx, and key angels including Garry Tan, President, and CEO of Y…