IPO-bound Swiggy announces 5th ESOP worth $65 mn
The food tech company has cumulatively enabled over ₹1,000 crore of ESOPs liquidity over the five events, benefitting over 3,200 employees.
The food tech company has cumulatively enabled over ₹1,000 crore of ESOPs liquidity over the five events, benefitting over 3,200 employees.
Zomato remains focused on its existing businesses with no plans for any acquisition at this moment.
Zomato reported a consolidated net profit of ₹36 crore in Q2FY24, compared with profit of ₹2 crore in June quarter of FY24 and a loss of ₹251 crore in Q2FY23.
Softbank through its entity SVF Growth (Singapore) Pte looks to sell around 1.1% stake worth ₹1,000 crore in Zomato via the block deal route.
India’s start-up ecosystem continues to see considerable acceleration, with edtech being the most sought after sector, reads a report by Indian tech industry’s trade association.
With the pandemic raging and restaurants struggling with footfalls given social distancing fears, deep-pocketed Zomato and Swiggy have figured out ways to thrive in a pandemic.