Page 22 - Zomato

Food delivery firm Zomato prices $1.25 bn IPO at Rs 72-76 per share

Indian food delivery firm Zomato said on Thursday it would price its $1.25 billion initial public offering at 72 to 76 rupees per share, with the IPO set to open for subscription from July 14 to 16.

Zomato raises IPO size amid robust demand; issue likely to open on July 14

IPO price band likely to be Rs 70-72 per share

IPO deluge, muted Q1 show and Fed taper to weigh on FPI mood in near term

Large secondary sales likely as FPIs reallocate portfolios to IPOs; sharp rise in dollar could see them pull out of India

Top headlines: Zomato raises IPO size; 15 ministers inducted into Cabinet

Business Standard brings you top news of the day

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

Zomato's mega IPO gets Sebi nod, may hit market as early as this month

The company, backed by Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO

Top headlines: Bourses to pay for tech glitches; Zomato IPO gets Sebi nod

Awaiting bail for eternity, rights activist Stan Swamy passes away, Centre tells HC twitter no longer enjoys immunity from prosecution. Business Standard brings you the top headlines of the day

Info Edge gains 5% as Zomato gets Sebi approval for IPO

Info Edge to sell shares worth Rs 375 crore in Zomato IPO

Zomato seeks CCI nod for 9.3% stake in e-grocery major Grofers

Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.

Zomato's $100 million investment to turn Grofers into unicorn: Report

Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake

Will increase women delivery staff by 10% by year-end, says Zomato

Online food ordering platform Zomato on Friday said it will increase the number of women in its delivery service to 10 per cent by the end of the year as part of its workplace inclusivity initiatives. In a blog on its website, Zomato founder Deepinder Goyal said at present only about 0.5 per cent of its delivery partners are women. "Today, we are taking our first step towards increasing the participation of women delivery partners in our fleet. To begin with, we have set ourselves a goal of reaching 10 per cent participation by the end of 2021 starting with Bengaluru, Hyderabad, and Pune," he wrote. Stating that Zomato has always been "about being a more inclusive workplace", he said, "So far, our inclusive workplace initiatives haven't taken into consideration the fact that only about 0.5 per cent of our delivery partners are women." Goyal, however, said adding more women to the delivery fleet "is not as simple as just targeting more women for this job. That's because our policies

Info Edge dips 2% on disappointing March quarter results

ICICI Securities believes Info Edge will be a key beneficiary of a shift of advertising to the online medium

Zomato names Chief People Officer Akriti Chopra as co-founder ahead of IPO

Not the first time Zomato has made an exec a co-founder; Mohit Gupta, CEO of food delivery business and Gaurav Gupta, COO, were so named earlier

Zomato IPO: Investors looking for clear path to profitability, say analysts

Investors are concerned that Swiggy, given its unlisted status, may have less investor pressure on profitability versus Zomato

Sick of dal-roti? Opt for delivery options that bring the restaurant home

You can get anything from pizzas to parathas in a box, with cloud kitchens, delivery apps and even home chefs delivering on the promise of hygiene, safety and health

India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies

Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said

Paytm plans to launch India's biggest IPO, aims to raise $3 billion

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan

Zomato begins vaccination drive for 150,000 frontline staff and employees

Initiative will start in Mumbai and Bengaluru, and then be taken other cities next week

Zomato IPO will test Indian investors' unicorn appetite: Analyst's note

Company faces competition in a food services market that is yet to reach global scale.

Sebi vets stake control in Zomato's IPO papers for China firm's role

Regulator scans startup's prospectus to check if Jack Ma's Ant group will be issued bonus shares/rights shares.