Eternal Limited, the company formerly known as Zomato, has announced that Rinshul Chandra, the Chief Operating Officer (COO) of its food ordering and delivery business, has resigned.
Deepinder Goyal, Chief Executive Officer at Zomato, has invested USD 20 million in LAT Aerospace, a new startup working on developing low-cost short takeoff and landing (STOL) aircraft with up to 24 seats.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
Amid concerns over monopolisation by online food delivery platforms launching private labels and leveraging restaurant data, the NRAI which represents more than 5 lakh restaurants in the country organised a live poll with 8,000 people from across the country.
Notably, the food delivery platform incorporated ZPPL in August 2021 with an initial subscription of 10,000 equity shares of Rs 10 each, aggregating to Rs 1,00,000.
The quick grocery and food delivery platforms received huge orders as revellers preferred to stay home to celebrate the New Year.
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.
