Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out
Zomato - among the first-generation of internet unicorns to tap into India's capital market - tumbled 8.4 per cent in Mumbai trading on Tuesday on top of a 6.6 per cent drop on Monday
The company's shares fell as much as 14% since the announcement of the deal with the grocery delivery startup
The acquisition of Blinkit by Zomato Ltd. is expected to add to its woes of high operating losses, said analysts
Due to limited financial and operating data, and intense competition, we forecast Blinkit to turn profitable only by FY27. Thus, he path to profitability for Zomato may get extended from FY25 to FY26
Shares of Zomato face stiff resistance at Rs 78, while the downside support stays at Rs 60
Zomato-Blinkit deal: This transaction will be carried out through issuance and allotment of up to 628.5 million fully paid-up equity shares of Zomato at a price of Rs 70.76 per equity share
The move could also result in a systemic risk from a lending standpoint because if suddenly the products are stopped, it may not be possible for customers to repay their loans
Food aggregator setting sights on big play in quick commerce sector
According to a Business Standard report, Zomato may acquire quick commerce player Blinkit
Stocks to Watch Today: Zomato board is scheduled to meet on June 24 to consider a potential acquisition transaction.
Stocks to watch today: State Bank of India raised their MCLR lending rate by 20 basis points across all tenors; Network18 group firm Viacom18 eyes expansion after it bagged media rights for IPL.
Jio-bp will provide EV mobility services to Zomato along with access to 'Jio-bp pulse' branded battery swapping stations for last mile delivery
Among the beaten down mid- and small-cap stocks, Paytm and Zomato can provide some relief to investors, while stocks like Metropolis Healthcare and Latent View Analytics could see further pain
The govt has asked food business operators like Zomato and Swiggy to submit a proposal on improving their consumer grievance redress mechanism and breakups of all the charges. Let's find out more
Asks them to submit plan in 15 days for improving complaint redress
Dept of Consumer Affairs also asks e-commerce food majors to furnish proposal on improving consumer grievance redress mechanism within 15 days
Centre directs e-commerce food business operators to submit proposal on improving consumer grievance redressal mechanism within 15 days
If the board does give its nod, SoftBank will get about 4-5 per cent stake in the listed entity
India's Minister of State for New and Renewable Energy Bhagwanth Khuba launched a "Ghar Ke Upar Solar Is Super" - another of those catchily-named schemes that characterise the Narendra Modi government