Zomato | Exclusive News

Zomato raises Rs 8,500 cr via qualified institutional placement

29Nov

By editor3No Comments

Business News, Feature

Zomato raises Rs 8,500 cr via qualified institutional placement

New Delhi, November 29, 2024. Food delivery aggregator Zomato on Friday said it has raised Rs 8,500 crore by selling equity shares to qualified institutional investors to fund its growth objectives. Zomato CEO Deepinder Goyal had earlier shared that the proposed fundraise is meant to strengthen its balance sheet

Zomato shares zoom over 12 pc after strong Q1 results

New Delhi, August 02, 2024. Shares of Zomato zoomed more than 12 per cent on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June quarter. The stock of Zomato surged 12.24 per cent to close at Rs 262.74 apiece on the National Stock Exchange (NSE). On the BSE, it climbed 12.11 per cent to settle at Rs 262.45 per piece.

Rs 1 lakh penalty on Zomato, McDonald’s for deliverying non-veg food in place of veg order

New Delhi, October 13, 2023. Online food ordering and delivery platform Zomato on Friday said a penalty of Rs 1 lakh has been imposed on it and restaurant partner McDonald's by the District Consumer Dispute Redressal Forum, Jodhpur, for alleged wrongful delivery of non-vegetarian food in place of a vegetarian food order. The company is in the process of filing an appeal against the order, Zomato said in a regulatory filing. The District Consumer Dispute Redressal Forum (II) Jodhpur has imposed a monetary penalty of Rs 1 lakh for violation of Consumer Protection Act, 2019 on Zomato and McDonald's, the restaurant partner whose food was delivered through it, and awarded Rs 5,000 as cost of litigation, it said.