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Zomato

Zomato growing faster than Swiggy, says CLSA with target price of Rs 248

Global brokerage firm CLSA has set a target price of Rs 248 per share for Zomato, acknowledging its lead over IPO-bound Swiggy. In its annual results release, Prosus, with a 32.7% stake in Swiggy, revealed that Swiggy's overall GOV growth, encompassing food delivery, quick commerce, and dining out businesses, was 26% YoY, while Zomato achieved a 31% YoY growth.

Hot Stocks: Brokerage view on Havells India, Apollo Hospitals, Zomato and TBO Tek

Top brokerage firms like Jefferies, Kotak Securities, and Goldman Sachs have issued ratings and targets for Havells India, Apollo Hospitals, and TBO Tek.

Better to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48%

Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any reduction in the monthly billing because services were down for some time. The companies which may have got impacted would be a platform company on which one orders food, such as a swiggy or zomato. The reason, in the peak time of demand, a customer is not able to order food online due to internet service being down, that demand will not come back when the internet is back. But the other platform company which sells insurance was also not impacted. The reason is, if one was planning to buy an insurance policy and there is no internet, the demand will get postponed not get extinguished. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.

Morgan Stanley sees 7-35% upside for new-age stocks

"We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the competitive environment benign) with micro factors (strong execution reflected in market share gains, margin improvement driving profit upgrade cycle) and supporting share prices," said Morgan Stanley's analysts in a client note.

10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameter

According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.

Paytm deal could be Zomato's largest buyout after Uber Eats, Blinkit | Key points

What's the deal with Paytm and Zomato? What's happening with their shares, and how will it affect both companies? Let's take a look at all that in today's ET Markets Decoder. Watch!Paytm deal could be Zomato's largest buyout after Uber Eats, Blinkit | Key points

Paytm shares fall 3% amid reports of talks to sell movie ticketing business to Zomato

If the deal goes through, it will be among the largest buyouts for Zomato after it acquired Uber Eats in 2020 and took over quick commerce platform Blinkit in 2021 in an all-stock deal valued at Rs 4,447 crore.

Stocks in news: Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS

Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.

Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block deal

As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.

Hot Stocks: Brokerage view on Zomato, M&M, Vedanta and Infosys

JPMorgan maintained an overweight rating on Zomato with a TP of Rs 208. The brokerage said Zomato has been successful in some acquisitions, like Uber Eats India, Runnr, and Blinkit, while Nomura maintained a buy rating on M&M and raised the TP to Rs 3,374.

Bulls in Action: Sensex jumps over 200 points, Nifty crosses 23,600; mid and smallcaps outperform

Within the Nifty pack, UltraTech Cement, HDFC Bank, Divi's Lab, Coal India, and SBI were the top gainers while HCL Tech, Asian Paints, and Titan faced selling pressure. Shares of new-age companies like Paytm, Zomato, and Policybazaar traded higher by around 2% each after Morgan Stanley's bullish note.

Hot Stocks: Brokerage view on Kaynes Technology, Zomato, Birlasoft and MGL

Global investment bank Morgan Stanley has maintained an overweight rating on Kaynes Technology but raised the target price to Rs 3,845 from Rs 2,440, while Macquarie maintained a sell rating on Zomato with a target price of Rs 100.

FPIs turn net buyers of Indian equities at Rs 12,170 crore in June so far after two months of selling

Foreign investors stage a comeback in holiday-shortened week, slashing net selling from 14,794 crore in June first week to Rs 3,064 crore at the end of second week.

Trent, BEL likely Nifty entrants in September rejig, trump Jio Financial, Zomato. Here's how

Trent and BEL are expected to enter Nifty in the September rebalancing of NSE indices, as per JM Financial estimates, which are based average free float market capitalisation.

TRADERS’ CORNER: Pharma stock promises 6% profit; food delivery player steps ahead with 7%

Nifty opened positive but volatility gripped it soon. But it maintained its gains to close positive.

Hot Stocks: Brokerage view on HDFC Bank, Apollo Hospitals & Zomato; BofA upgraded M&M

Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.

Jefferies' Wood picks GMR Airports, reduces weights in three banks

Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.

Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks

Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.

What clearing vendor dues via equity means for firms

Vodafone Idea's board approved preferential allotment of equity shares to Nokia and Ericsson to clear dues. Vi's vendor ATC Telecom also benefitted from stock market gains. Vi's move to dilute equity for debt repayment is uncommon in listed companies.

These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%

Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%

Market Trading Guide: Zomato, DMart among 4 stock recommendations for Thursday

Rebounding from their worst single-day slide in four years, benchmark stock indices Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The 30-share BSE Sensex jumped 2,303 points to settle at 74,382 on value buying in banking, auto and oil shares. The NSE Nifty climbed 736 points to 22,620.35 with all its constituents ending with gains. "Nifty moved above the crucial hurdle of mid part of Tuesday's long range bear candle around 22,250 on Wednesday and closed higher. As per this theory, the next crucial hurdles to be watched are around the upper part of that candle, around 23,200 levels. The volatility is expected to continue for the short term and immediate support to be watched at 22,300 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. Here are 4 stock recommendations for Thursday:

LIC, YES Bank among 78 stocks that can enter F&O list if Sebi changes rules

Sebi proposes to revise criteria for derivatives market, potentially adding 78 stocks like LIC, Zomato, YES Bank. Changes include higher thresholds for order size, market-wide position limits, and introducing Product Success Framework for single-stock derivatives after 6 months.

Delivery boxes unhealthy: Nutritionist calls out Swiggy and Zomato over plastic containers; Zomato CEO responds

Celebrity nutritionist Luke Coutinho recently called on food delivery platforms Swiggy and Zomato to switch to biodegradable, non-plastic containers for food packaging. Highlighting the health risks of using plastic, especially for hot foods, Coutinho's appeal emphasized the need for safer food delivery practices. Zomato CEO Deepinder Goyal responded positively, promising to highlight restaurants that use food-safe packaging, while Swiggy is yet to respond.

Zomato shares rise 1.0% as Nifty drops

The stock quoted a 52-week high price of Rs 207.3 and a 52-week low of Rs 72.55.

Zomato shares fall 6% on ESOP headache but target prices rise up to Rs 280. Should you buy, sell or hold?

Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodtech platform Zomato experienced a decline of up to 6% to Rs 182.10 on Tuesday. CLSA raised the target price to Rs 248, Bernstein to Rs 230, Jefferies to Rs 230, and Elara Capital set the highest target at Rs 280 per share, all in response to the impressive Q4 results.

8 stocks closed crossing above VWAP on June 4

On June 4, the closing prices of eight stocks from the Nifty500 pack rallied over 2% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data. When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.

Zomato launches platform to offer hiring, regulatory services to restaurants

Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.

Zomato shares rise 2.54% as Nifty gains

The stock quoted a 52-week high price of Rs 207.3 and a 52-week low of Rs 72.55.

Zomato shares may surge 18% as Blinkit likely to drive upside: Emkay Global

Emkay Global raises Zomato's target price from Rs 170 to Rs 230 per share, projecting an 18% upside potential, factoring in Blinkit's growth. With increased EPS and EBIT estimates, Blinkit's improved product-market fit drives valuation changes, indicating market expansion in metros and large cities.

Ecom Express’ rights issue; Google Cloud chief interview

Ecom Express is planning a $170 million rights issue led by existing investors. This and more in today’s ETtech Top 5.

Dare to buy these 8 multibagger stocks trading above 100 PE multiples?

Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.

Kunal Kamra vs Zomato: Comedian criticizes CEO Deepinder Goyal’s World Record announcement, says 'You’re such a hack'

Comedian Kunal Kamra criticized Zomato CEO Deepinder Goyal on social media after Goyal announced that Zomato set a Guinness World Record for the largest first aid lesson at a single venue. Kamra questioned the working conditions and average income of Zomato's delivery partners, contrasting these concerns with Goyal's focus on the record. The post received mixed reactions, with some praising the achievement while others called for better treatment and health insurance for delivery partners.

Hot Stocks: Brokerages view on AB Capital, Zomato, UPL and Varun Beverages

BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.

Trent, BEL may replace LTI Mindtree, Divi’s in Nifty rejig

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Zomato-Paytm deal will be a win-win for both companies: Pankaj Murarka

Stock might look a bit rich in terms of near-term valuations over the next four or six quarters, but I still think from a medium-term perspective the outlook for the group and business or stocks continues to remain positive.

Buy Zomato, target price Rs 250: JM Financial

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 164259.65 Crore) operating in Services sector.

Zomato confirms discussions to acquire Paytm’s movies, ticketing business

Zomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16. The company added that "no binding decision" has been taken about the deal at this point. The deal could value the Paytm vertical at around Rs 1,600-1,750 crore.

Zomato in talks to acquire Paytm's movies, ticketing business; deal pegged at around Rs 2,000 crore

Zomato’s interest in acquiring Paytm's events and movie ticketing business is in line with the Gurgaon-based company's efforts towards capturing consumer demand across categories like food, grocery and entertainment. If the transaction goes through, it will be the second biggest acquisition for Zomato after it acquired quick commerce platform Blinkit in 2022 in an all-stock deal for Rs 4,447 crore.

Zomato launches feature to show users their cumulative order count on app

Zomato introduced a feature that shows the total number of orders placed across India right after you place your own order. This gives you a glimpse of how many orders are happening on the platform in real-time.

Stocks in news: Bharti Airtel, Bharti Hexacom, Patanjali Foods, Zomato, Shriram Finance, TCS, Vedanta

Shares of Bharti Airtel, Shree Cements, Patanjali Foods, Devyani and PVR Inox will be in focus as the companies will announce their fourth quarter results today.

Stocks in news: Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life

Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.

Rs 8,300 crore worth block deals take place this week; SBI, Zomato and Vodafone Idea see major action

In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.

Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding

Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.

Paytm likely in talks with Zomato to sell movie ticketing business

Paytm is in advanced talks to sell its movie and events ticketing business to Zomato amid declining sales. The move is part of Paytm's revival strategy after reporting its first sales decline, triggered by regulatory actions. The potential sale aims to help Paytm refocus on core businesses like travel and cash backs.

Startups’ pink slip count falls to 10,000 amid funding blues

Firing in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off over 600 after sister company Ola Cabs fired around 200 workers in late April. Industry executive told ET, even with the slowdown in layoffs, startups are still not out of the woods.

Goldman Sachs raises Zomato's target price to Rs 240; stock jumps 3%

Goldman Sachs raised Zomato's target price to Rs 240, hinting at a 30% upside. Blinkit's projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.

Zomato shares zoom 5% after a Re 1 hike in platform fee; halts intercity deliveries

Zomato's shares rose 5% to Rs 197.80 after raising its platform fee by 25% to Rs 5 per order. With 2.0-2.2 million daily orders, this increase could significantly boost earnings.

Ecom Express sets the ball rolling for Rs 3,000-crore IPO

Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS to take forward the process.

Tata funds pause is no 'debt-errent' at 1mg, BigBasket

BigBasket and 1mg–two of the biggest digital assets of Tata group–are choosing debt over equity for expansion in a critical year for them. As Tata Sons hits a pause on funding its ecommerce business, the two platforms are opting for debt for capex this financial year.

Ecom Express sets the ball rolling for Rs 3,000-cr IPO

"Ecom Express has initiated the process for the public issue, which includes both a fresh issue and an offer for sale from the existing investors. The company is likely to file its draft red herring prospectus soon," said one of the people cited above.

A quick look at Zomato’s Rs 2,300 crore investment in Blinkit

Food delivery company Zomato will infuse Rs 300 cr into its quick commerce unit Blinkit, we reported on June 11. With this, Zomato has infused nearly Rs 2,300 cr since acquiring Blinkit in August 2022. Zomato will pump Rs 100 cr in Zomato Entertainment Pvt Ltd – the unit that runs the company’s live events and ticketing business.

Power sector may report solid growth in next 4-5 years: Manish Sonthalia

All in all, as long as the growth continues I do not think there is any reason to get worried about Zomato just yet. I mean, of course, competition is something which we need to watch out for and it is a very strong competitor who has announced intentions to get into the quick commerce and the food delivery space but it is a high entry barrier business I would believe, not so easy to get in and take market share.

After Zomato makes a request to customers due to heatwave, a netizen offers a 'Rs 800' solution

With many parts of India experiencing a prolonged heatwave, Zomato has urged customers to avoid ordering food during peak afternoon hours unless absolutely necessary. This request, posted on X (formerly Twitter), has generated varied reactions from netizens.

Zomato’s Rs 300-crore Blinkit boost; Ola Electric gets IPO nod

Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit. This and more in today’s ETtech Top 5.

New-age stocks recover post poll results; Ixigo IPO launch

A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.

SaaS startup Rocketlane raises $24 million in funding

B2B SaaS startup Rocketlane has raised $24 million in funding led by 8VC, Matrix Partners India and Nexus Venture Partners. The company will use the funds to launch new products, innovate its customer portal, and accelerate its AI plans, it said in a statement. Rocketlane has so far raised $45 million in funding.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 183.46 points up at 23721.3

Zomato to infuse Rs 300 crore in quick commerce unit Blinkit as battle intensifies with Swiggy, Zepto

Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit, as per filings made with the RoC. With this, Zomato has infused nearly Rs 2,300 crore since acquiring Blinkit in August 2022. Zomato will pump Rs 100 crore in Zomato Entertainment Pvt Ltd – the unit that runs the company’s live events and ticketing business.

Jio Fin, Adani Green, Zomato among cos eligible for F&O

Nuvama Alternative & Quantitative Research identifies potential F&O stocks like Zomato, YES Bank, and Jio Financial among others. Sebi's proposed changes may see 78 new stocks entering the segment.

Deven Choksey on one sub-sector to be bullish on in run up to Budget

Maybe for buying the deep value investment opportunity, we will have to see a correction in the market. If at all it comes, that would be a good opportunity to buy into it. But otherwise, I maintain that I think, yes, the fundamental is not doubted. The current valuations are not comforting.

Zomato, ABB India among 5 largecap stocks that hit new 52-week highs on Monday

Indian shares declined on Monday while volatility climbed with key equity benchmarks giving up most gains made this year on concerns over the outcome of ongoing national elections and sustained selling by foreign investors. However, in today's trading session, 5 largecap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

9 stocks held by over 100 MFs in April surge over 50% in CY24

Investors tend to be confident about a stock when it's held by multiple mutual fund schemes. In the month of April 2024, 153 stocks were found in the portfolios of over 100 mutual fund schemes. In ETMarkets' recent analysis, 32 of these stocks saw their prices surge by over 25% in CY24 and are held by more than 100 mutual fund schemes. Among these, nine stocks have recorded gains between 50% to 80% in CY24 till now. (Data Source: ACE MF, ACE Equity).

Food contamination cases: E-tailers turn more watchful, prepare to delist errant manufacturers

A human finger found in an order of ice cream recently brought food etailing into sharp focus. Following this weird episode, etailers are beginning to cast a keen eye on their suppliers, and bringing new policies with provisions to penalise errant partners.

Swiggy’s revenue up 24% in calendar year 2023; quick commerce unit economics improve: Prosus

Prosus, the largest shareholder in Swiggy, reported a 24% revenue growth for the year ended March 31, 2024, with Swiggy's gross order value increasing by 26% year on year.

Will a cryptocurrency like bitcoin grow, increase in value or disappear into oblivion? This factor decides

It is important to understand network effects because it is the singular force that drives economic value in the digital economy, as opposed to the traditional economy.

Discounting wars in quick commerce; tax relief for ecommerce suppliers

The recent funding raised by Zepto may trigger a discounting war in the quick commerce space. This and more in today’s ETtech Morning Dispatch.

How capital surge may fuel discount war in quick commerce space

The $665 million funding round at Zepto may trigger a discounting war among players like Blinkit, Instamart, and Flipkart. Blinkit faces increased competition in logistics infrastructure as the quick commerce market heats up.

Ecommerce sellers count on cash-flow gains from GST cut

Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators.

Zomato shares fall 3.04% as Nifty gains

A total of 1,660,666 shares changed hands on the counter till time (IST).

Zomato requests customers to not order food during afternoon hours; netizens say 'close down the services': Here's why

Zomato has urged customers to avoid ordering food during peak afternoon hours unless absolutely necessary, amidst the intense summer heat in India. This request, posted on the social media platform X on June 2, has sparked mixed reactions. While some users criticized the company for not suspending services during the hottest hours, others appreciated the concern for delivery partners' well-being.

Zomato’s 260% stock surge has analysts scrambling to catch up

Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup Inc. and HSBC Holdings Plc.

Hot Stocks: Brokerages view on Nestle India, Bajaj Finance & ACC; Goldman raises Zomato target price

Brokerage firm Goldman Sachs maintained a buy rating on Zomato, CLSA maintained an underperform rating on ACC, Goldman Sachs recommended a neutral rating on Nestle India and JPMorgan has an underweight rating on Tech Mahindra.

A pivotal event for online commerce; and other top tech, startup stories

Stay tuned to know how the latest capital infusion into Zepto impacts the workings of this fledgling sector.

JM Financial raises target price for Zomato by 30% to Rs 260

JM Financial raised Zomato's price target to Rs 260 from Rs 200, citing Blinkit's rapid growth. The firm expects Blinkit to surpass Zomato's food delivery business, emphasizing industry tailwinds and strong balance sheet. Zomato's strategic priorities include expansion of dark-store network and enhancing product offerings.

Auditor of Zomato subsidiaries resigns

The food tech platform's auditor Deloitte Haskins & Sells has been appointed in its place to make the audit process more efficient.

Zepto’s mega fundraise; Oyo funding gets shareholder nod

Quick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.

We remain very positive on capital goods, defence, and manufacturing: Hemant Shah

Notably, multinational companies in this sector, such as those in bearings and chemicals, have posted exceptionally strong numbers. Therefore, we remain very positive on capital goods, defence, and manufacturing.

7 stocks from Nifty Next 50 index that have surged up to 379% from their lows

Here are stocks that have been seeing the most movement and gains in the Nifty Next 50 index. According to Prabhudas Lilladher, these emerging giants hold immense potential. Take a look:

Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart

Company to double dark-store count to 700, taking on rivals Blinkit, Swiggy Instamart and Big Basket’s BB Now; DST Global, Lightspeed Venture Partners, Avenir Growth Capital and Avra joined as new investors in the round led by Glade Brook Capital, StepStone Group and Nexus Venture Partners.

Big movers on D-Street: What should investors do with Dabur, Inox Wind and Zomato?

Stocks that were in focus include names like Dabur, which rose 5.11%, Inox Wind, which was down 6.06%, and Zomato, whose shares declined 1.89% on Tuesday.

RIL, Zomato among 10 companies that saw highest increase in mutual fund holdings in March

Around 10 companies saw the highest increase in mutual fund holdings in March, according to a press release by Prime Database. Here is the list of companies.

Stock prices of new-age firms swing on poll results

Major new-age companies including Zomato, Paytm, Delhivery, Nykaa and PB Fintech saw their stock prices plummet on Tuesday. However, as the broader markets recovered some losses on Wednesday, these stocks also saw their prices rise. This plunge followed massive gains on Monday when exit polls had suggested a clear mandate for the ruling Bharatiya Janata Party (BJP).

Zomato, RIL among top 10 stock holdings of Franklin Templeton Mutual Fund

The fund house had an AUM of Rs 96,692 crore as on May 2024 and manages 39 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Mutual Fund

Zomato, Godrej Properties among 6 large and midcap stocks that hit new 52-week highs on Monday

Indian shares inched higher in choppy trading on Monday, as a drop in the state-owned lenders limited gains from the country's information technology stocks on rising hopes of U.S. rate cuts. Meanwhile, in today's trading session, six large and midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

RBI, payment industry meet discusses contours of new draft PA guidelines

The digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recently released draft guidelines for payment aggregators. This comes when US payment giant Stripe seems to be withdrawing from the domestic payments market in India.

Sare jahan se achhi biryani hamari

India ordered 2.5 plates of biryani every second in 2023, with one veg biryani for every 5.5 chicken biryanis ordered. This trend extends to iftar, with 6 million plates ordered from Mar 12 to Apr 8. Biryani is not just for vegetarians or non-Hindus, and Swiggy's most-popular order for the eighth year in a row is as secular as the roti and as diversely consumed as India itself.

The Pant Project raises $4.25 million in maiden funding round

The Pant Project will use the funds for offline retail store expansion, branding and marketing, technology development, and team growth, Dhruv Toshniwal, cofounder of the company told ET. The company gets about 60% of its revenue from top-tier cities such as Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Pune, and Ahmedabad, and the balance 40% from tier II cities.

Yes Bank among10 largecap & midcap block deals last week

The Kotak Bank block deal value stood at Rs 2,915 crore and about 1.83 crore shares exchanged hands.

Ixigo IPO pops; AI jobs command premium pay

Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.

Food delivery companies lean on existing users for growth

In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition.

eBikeGo plans to expand e-two-wheeler fleet to 1 lakh units by FY26

eBikeGo, under the leadership of founder and CEO Irfan Khan, plans to expand its e-two-wheeler fleet to 1-lakh units by FY26, targeting the growing last-mile and e-commerce segment.

IAMAI seeks two-month extension of deadline for declaring vehicle fleet details

IAMAI, representing food delivery giants Zomato and Swiggy, ride-hailing companies Ola, Uber, and Rapido, has requested a two-month delay from the Delhi government for these platforms to report on their existing vehicle fleets.

Bluestone’s new investors; states & semicon hubs

Happy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.

Third Wave Coffee will add over 50 stores, expand to new cities: CEO Rajat Luthra

Third Wave Coffee, backed by Westbridge Capital, plans to open 50 new stores in existing markets like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad, with a focus on Chennai, as stated by new CEO Rajat Luthra. The expansion comes as new-age coffee brands such as Blue Tokai, Subko Coffee and AbCoffee have seen a rush of venture capital.

Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO round

Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.

Quick may click with electronics too: Instamart, BBNow, others plan to extend superfast delivery to handsets, white goods by Diwali

Swiggy Instamart, Zomato, and BigBasket plan to expand quick commerce services to electronic products and white goods categories, delivering within 10-45 minutes by Diwali.