Zomato

Zomato founder and group CEO, Deepinder Goyal, will now take over the leadership of the food delivery division, at least for the next few months.

With the Indian conversational AI market projected to grow from USD 274.5 million in 2022 to USD 1.03 billion by 2029 at a CAGR of 24.58%, Zomato's entry into this space aligns with broader industry trends

Eternal will encompass four key businesses—Zomato, Blinkit, District, and Hyperpure—driving its multifaceted growth and future expansion.

The infusion follows Zomato's INR 8,500 crore fundraising through a Qualified Institutions Placement (QIP) in November 2024, aimed at bolstering financial resources for expansion.

Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's shift toward sustainability. Inclusivity also shone through, with 19 unicorns led by women founders, showcasing the evolving entrepreneurial landscape.

"I've been wondering for a long time if students will have different outcomes if they have access to education that is more personalised and customised," said Kamath

DMart founder Radhakishan Damani topped the list, while Zerodha founders Nithin and Nikhil Kamath secured the eighth position.

Bistro will cater to customers seeking quick access to snacks and ready-to-eat items like sandwiches, samosas, and coffee.

The Indian online food delivery ecosystem is fiercely competitive, dominated by key players such as Zomato, Swiggy, Jubilant FoodWorks Ltd. (Domino's Pizza), Yum! Brands Inc. (KFC, Pizza Hut), and McDonald's.

Notable investors include ICICI Mutual Fund, which was allotted 4.25 crore shares, making up 12.78% of the issue. Other domestic mutual funds, including HDFC, received 1.97 crore shares, or 5.95%, while Kotak's funds were allotted 6% of the issue.

"Three things in life are certain: life, death, and news about Zomato," wrote Amit Gupta, MD, Badri Group summing up Zomato's marketing game on LinkedIn.

Sachdeva previously served as CFO at Grofers (now Blinkit), where he led financial operations until its acquisition by Zomato in 2022. His background includes leadership roles at IGT Solutions and Wipro, underscoring his expertise in corporate finance.

According to stock market observers, Swiggy on Monday, commanded a grey market premium of INR 22 per share, indicating that its shares are trading higher by INR 22 apiece at INR 412 per share, higher than the issue price of INR 390 per share.

Alongside her role at Zomato, Gunjan Soni is a Member of the Management Board, Chief Operating Officer of Global Fashion Group (GFG), and CEO of Zalora SEA. She previously held leadership roles at Myntra as Head of Jabong and Chief Marketing Officer.

Akriti joined Zomato as a senior manager of finance & operations back in November of 2011. Since then, there was no looking back for her.

AdOnMo will use the new funding to expand its presence from 24 to 40 cities in India and double its hyperlocal advertising displays from 50,000 to 100,000, enhancing its digital out-of-home network.

Paytm saw its share prices increase by 5 per cent on August 21, just a day later it announced the decision to sell its entertainment ticketing arm to Zomato.

Quick commerce companies enjoyed Raksha Bandhan with highest ever sales in one day

Zomato reported its Q1FY25 results with a boost in revenue

The Indian startups listed below have disclosed investment rounds.

Online food and grocery delivery platforms, Swiggy, Zomato, Blinkit and BigBasket could potentially deliver alcohol in the near future