From ₹49 to ₹151: Zomato shares gain 200% in 11 months on turnaround in earnings
Zomato posted profit for the third consecutive quarter in Q3 FY24, driven by topline growth and rise in GOV across its businesses.
Zomato posted profit for the third consecutive quarter in Q3 FY24, driven by topline growth and rise in GOV across its businesses.
Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba’s affiliate Ant Group, is looking to sell its entire 3.44% stake in Zomato at a floor price of ₹111.28 apiece.
On a year-to-date basis, Zomato has gained 75%.
Gunjan Patidar was one of the first few employees of Zomato and built the core tech systems for the company.
Alibaba Group, which owns 13.3% stake in Zomato, reportedly sold shares worth $200 million in the company through a block deal today
Zomato's ₹4,447 cr acquisition of quick commerce startup Blinkit raises questions about whether this growth is coming at a reasonable cost, says NYU professor.
Jefferies has a 'buy' rating on Zomato with a target price of ₹100.
Zomato share price has fallen 25% in the four sessions starting Monday after it announced the acquisition of instant grocery delivery firm Blinkit.
Shares of Zomato fell 5.5% after the food delivery company announced to acquire e-grocery startup Blinkit for ₹4,447 crore in an all-stock deal.
The board of Zomato will meet on June 24 to discuss a potential acquisition of e-grocery startup Blinkit (formerly Grofers)