Zomato surrenders PA licence; doesn't foresee viable biz in payments
Zomato doesn't see it having a significant competitive advantage against the incumbents in the payments space.
Zomato doesn't see it having a significant competitive advantage against the incumbents in the payments space.
For the full financial year 2023-24, Zomato logged a profit of ₹351 crore from a loss of ₹971 crore in FY23.
This price change impacts customers residing in major metropolitan areas such as Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Lucknow.
Deepinder Goyal emphasised that this new fleet is tailored for gatherings hosting up to 50 people, addressing a gap in their services.
How the business strategy has moved from traditional models of product-based advantages to more innovative approaches that blend physical and digital assets to solve customer problems.
Deepinder Goyal says Zomato will not do on-ground segregation of the fleet in terms of colour to avoid discrimination, after the launch of the 'Pure Veg Mode' service
Goyal also shared plans to introduce more specialised fleets to meet specific customer needs.
Deep tech encompasses advanced technologies, many of which are still in development but hold potential for causing significant disruptions in the future, says RK Singh.
The name of buyers and sellers were not known immediately, but reports suggest that China's Alibaba Group arm was looking to pare stake in the foodtech company.
Zomato posted profit for the third consecutive quarter in Q3 FY24, driven by topline growth and rise in GOV across its businesses.