Zomato, Swiggy call claims of antitrust probe by CCI as ‘misleading’
Zomato addressed the claims of the antitrust investigation by the Competition Commission of India (CCI) into its business practices, and called them “misleading”.
Zomato addressed the claims of the antitrust investigation by the Competition Commission of India (CCI) into its business practices, and called them “misleading”.
Online food aggregator Zomato on Tuesday reported over 30 per cent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25).
The transfer will also include 280 existing employees from the entertainment ticketing business at the company.
Announced on the occasion of Raksha Bandhan, the international order service on the platform is available till August 19, the company said in a statement.
Online food delivery platform Zomato has received a fresh Goods and Service Tax (GST) demand notice for about Rs 9.45 crore with interest and penalty.
The show-cause notice to Zomato is for the period between October 29, 2019, and March 31, 2022, according to media reports.
Online food platform Zomato on Thursday said it has not made any offer to acquire homegrown logistics solution provider Shiprocket for nearly $2 billion (more than Rs 16,600 crore).
Japanese investment giant SoftBank is likely to sell shares of online food delivery platform Zomato worth $135 million (about Rs 1,125.5 crore) via a block deal, media reports said on Thursday.
The shares translate to up to 296.1 million shares, according to a term sheet seen by The Wall Street Journal.
Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday.
