Zomato
Order now! With Zomato & Swiggy soaring, which stock should be in your portfolio?
Zomato and Swiggy have experienced significant growth, fueled by strong order volumes and improved quick commerce prospects. While GST rule changes initially caused concern, analysts believe the impact will be minimal as both companies adapt through platform fee adjustments.
Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato has increased its platform fee to Rs 12, following Swiggy's hike to Rs 14 amidst rising festive season demand. Both companies are facing financial pressures due to investments in quick commerce, with Zomato reporting a profit drop and Swiggy incurring increased losses. They also face new competition from Rapido's Ownly, which offers lower commission rates to restaurants.
Food delivery likely to get costlier on platform fee hike, GST levy
Food delivery is set to get costlier as Zomato, Swiggy and magicpin have raised platform fees ahead of the festive season, with an additional 18% GST on delivery charges effective September 22. Swiggy now charges Rs 15, Zomato Rs 12.50 (plus GST), and magicpin Rs 10 per order. The hikes highlight rising costs in India’s food delivery sector.
Eternal shares rise 2% as Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato's parent company, Eternal, saw shares rise by 2% after increasing its platform fee to Rs 12, mirroring a similar move by competitor Swiggy ahead of the festive season's expected surge in demand. While Zomato's profits declined YoY, revenue increased. Swiggy's losses doubled due to investments in its Instamart vertical.
Zomato, Swiggy face Rs 180-200 crore GST hit, plan to pass on burden to delivery partners, customers
Zomato and Swiggy are set to face an additional GST burden of Rs 180-200 crore annually following a GST Council clarification. The companies intend to pass on the incremental tax, potentially reducing delivery workers' earnings and possibly introducing a levy for consumers. This development arises amid slowing growth for both firms, impacting their operating profits.
Zomato, Swiggy, Blinkit delivery fees to face 18% GST. What it means for investors
India’s food delivery and quick commerce firms face higher costs after the GST Council brought delivery fees under Section 9(5) of the CGST Act, making them liable for 18% GST. Analysts estimate this could raise costs by Rs 2 per Zomato order and Rs 2.6 for Swiggy, pressuring margins as the sector remains a key driver of India’s digital economy.
ETtech Explainer: Why food delivery, ecomm firms are hiking platform fees ahead of festive season
Swiggy, Zomato, and Myntra are increasing platform fees ahead of the festive season to offset rising operational costs and boost margins. Swiggy's fee is now Rs 15, while Zomato's is Rs 12. Myntra has increased its fee to Rs 25. These hikes are timed to coincide with peak spending periods, when customers are more likely to absorb the additional charges.
Food delivery sector will surpass 20% growth over the next two to four quarters: Report
According to the report, food delivery growth has decelerated in recent quarters, with gross order value (GOV) growth easing from 19-20% in FY24 to 18% in FY25 for food delivery aggregators Zomato and Swiggy.
Swiggy raises platform fee to Rs 15 in select markets amid surge in orders
Swiggy has increased its platform fee to Rupees 15 in high-demand areas. This follows a recent increase to Rupees 14. The move aims to improve unit economics. Zomato currently charges Rupees 10 plus GST. Swiggy's losses have increased due to investments in Instamart. Rapido's Ownly service is providing competition with lower commission rates for restaurants in Bengaluru.
Flipkart SBI Credit Card with up to 7.5% cashback; offers deals on Myntra, Zomato, Uber, PVR & more
SBI Card and Flipkart have introduced the 'Flipkart SBI Credit Card', offering cashback rewards across various e-platforms. Cardholders can earn up to 7.5% cashback on Myntra and 5% on Flipkart, Shopsy, and Cleartrip. Additional benefits include 4% cashback on Zomato, Uber, Netmeds, and PVR, plus 1% unlimited cashback on other spends.
Swiggy hikes platform fee to Rs 15 in third revision in three weeks
This comes in the background of strong festive season demand and widening losses in the April-June quarter. The restaurant aggregator had raised its platform fee to Rs 14 per order from Rs 12 during Independence Day, which was later rolled back. Per the Swiggy app, the platform fee is inclusive of GST.
Zomato, Swiggy's GST woes; Amazon's $200-million Axio deal
With the overhaul of India's GST regime, food delivery companies Zomato and Swiggy stare at a new tax burden. This and more in today's ETtech Top 5.
Swiggy gets another buy call, this time from Nomura, with Rs 550 target price
Swiggy's stock receives a 'buy' rating from Nomura, setting a target price of Rs 550, citing disciplined execution and improved breakeven visibility. Ongoing product innovations like Bolt are helping Swiggy gain market share against Zomato. Motilal Oswal also upgraded Swiggy to 'BUY', anticipating multiple tailwinds and raising food delivery growth estimates for FY26-27.
Blinkit can break-even in Q4, says Nomura; raises Eternal target price
Nomura raised Eternal’s target price to Rs 370, projecting a 12% rally driven by Blinkit’s shift to an inventory-led model, store expansion, and expected breakeven by FY26. Food delivery remains the cash engine with strong growth prospects, while competition poses near-term risks.
GST reforms, festive demand to boost food delivery and Q-commerce, say analysts
Food delivery and quick commerce companies anticipate growth. GST reforms and increased spending are key factors. The festive season may boost demand. While GST changes could raise delivery costs, subscription models might help. Some industry players see limited direct benefits. The real test lies in the upcoming festive season. A stronger growth cycle is expected.
Motilal Oswal upgrades Swiggy to ‘buy’ rating, sees 32% upside potential. Should you invest?
Motilal Oswal projects stronger growth for food delivery and quick commerce, upgrading Swiggy to ‘buy’ with a Rs 560 target and maintaining Eternal at Rs 420. Easing competition, GST reforms, and festive demand are expected to drive profitability, boosting investor confidence in the sector.
Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet
Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.
Why we order food online despite a fridge full of groceries? It is not just laziness: The hidden psychology behind our choices
Despite refrigerators full of fresh groceries, many Indians turn to Swiggy or Zomato by midweek. A VegOut report reveals this paradox stems less from laziness and more from psychology—planning fallacy, decision fatigue, perfectionism, and emotional eating. Groceries reflect aspirations of a healthier self, but fatigue, stress, and comfort cravings shift choices toward takeout. The report highlights how food delivery thrives on the gap between intentions and daily realities.
Zomato parent Eternal gets GST demands, penalty orders amounting to over Rs 40 crore
Eternal, owner of Zomato and Blinkit, has received three GST orders from Bengaluru authorities, demanding over Rs 40 crore for July 2017–March 2020. The amount includes tax, interest, and penalty. Eternal plans to appeal, stating confidence in its legal position, supported by legal counsel.
GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry
The new regime has abolished tax on individual life and health insurance products sold by companies such as LIC, SBI Life Insurance and ICICI Prudential Life Insurance. This move is likely to boost premiums and customer adoption of such products.
ET Startup Awards 2025 | Urban Company brings it home, bags top honours
The 10-member jury, chaired by Amitabh Kant, India’s former G20 Sherpa, recognised Urban Company’s scale, category leadership and ability to create a trusted brand in one of India’s most unorganised and toughest sectors. Urban Company, founded by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra in 2014, joins a list of eminent winners of the top prize, including Lenskart, Zomato, OfBusiness, Razorpay, Delhivery and Swiggy.
GST reforms set to boost FMCG, auto, insurance and hospitality sectors: Saurabh Mukherjea
India's Goods and Services Tax reforms are set to stimulate consumption and vital economic sectors. Saurabh Mukherjea highlights potential benefits for Fast-Moving Consumer Goods and the auto industry. He favors large-cap quality stocks. Insurance and business-focused hospitality also present opportunities. However, personal credit growth may face challenges due to job cuts. Mukherjea welcomes the reduced GST on popcorn.
Rs 15,000 crore in vain? LG Electronics IPO has investors worried about a Korean red flag
LG Electronics is set to launch a Rs 15,000 crore IPO in October through an offer-for-sale, sending proceeds to its Korean parent. While the company leads India’s appliance market, investors remain cautious about short-term gains, recalling Hyundai India’s disappointing debut despite long-term growth prospects.
Zomato, BookMyShow join I&B Ministry to boost live events industry
The Ministry of Information and Broadcasting convened the Joint Working Group to boost India's live events industry, aiming to be a top global destination by 2030. Key initiatives include a single-window platform for event permissions, a digital music licensing registry, and infrastructure development.
Ola Electric auditor raises alarm; Urban Company's pre-IPO deal
Ola Electric's auditor draws attention to missing internal controls at a key subsidiary. This and more in today's ETtech Top 5.
Uber not a holding company: CEO Dara Khosrowshahi on why he sold Zomato stake
Uber CEO Dara Khosrowshahi emphasized India's crucial role for Uber, ranking third in mobility trips with significant driver growth. He highlighted Ola's decline due to distractions, positioning Rapido as a key competitor with its subscription model, while Uber remains focused on its core mobility business and profitability in the Indian market.
You will make 12-15% CAGR but don’t invest for 5-6 month horizons: Raamdeo Agrawal
Raamdeo Agrawal of Motilal Oswal Financial Services advises long-term investment in Indian equities, projecting 12-15% annual growth. He cautions against short-term expectations and suggests staggered investments amid market volatility. Agrawal urges GST rationalization and opening tourism and education sectors for economic stimulus.
Winners of ETSA 2025; and other top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories from this week. Let’s take a look at the recap.
Promoters selling, retail investors buying. Who's right? Raamdeo Agrawal answers
Despite Indian promoters offloading record shares, retail investors remain bullish, says Raamdeo Agrawal. Promoter shareholding fell to an eight-year low, while domestic institutional investors' share rose to a record high, surpassing foreign investors. Agrawal likens the market to expensive Mumbai property, advising investors to accept slightly higher prices for long-term growth.
Not just groceries: Blinkit, Zepto & others turn festive bazaars on your phone
Quick commerce platforms in India, including BigBasket, Zepto, and Swiggy Instamart, experienced a surge in sales during Raksha Bandhan and other festivals. These platforms, initially focused on grocery delivery, are expanding into electronics, apparel, and home furnishings, driven by changing consumer shopping patterns.
Economic Times Startup Awards 2025: Jury to pick winners today
A distinguished jury, led by Amitabh Kant, will gather in Bengaluru to select winners for The Economic Times Startup Awards (ETSA) today. This 11th edition recognises entrepreneurial excellence amidst a global tech reset.
Crypto futures overtake spot deal; Eternal's tax woes
Indian crypto traders are shifting to futures trading for higher leverage and tax benefits. This and more in today’s ETtech Top 5.
Dream11 won’t fight RMG ban; Tata Digital’s next CEO
CEO Harsh Jain said Dream11 will not challenge the ban on real money gaming that wiped 95% of its revenue. This and more in today’s ETtech Top 5.
ET Startup Awards 2025 | Comeback Kid: Capillary Technologies weathers a raging storm
The jury’s focus was on the nominees’ persistence during their lows and execution impact during their highs. Bengaluru-based Capillary Technologies ultimately clinched the award, with the jury praising its tenacity and lauding the team for an impressive turnaround.
Raamdeo Agrawal advocates for bold reforms in India amid US tariff challenges
Raamdeo Agrawal advocates for bold reforms by the government. He notes the current market dynamics of promoters selling and retail investors buying. Agrawal sees opportunities despite pricey valuations, advising investors to buy and hold for long-term growth. He cautions against the risks of investing in unlisted companies. He suggests a SIP approach for lump sum investments.
Rapido, not Ola, is Uber’s biggest rival in India: CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi said Rapido has overtaken Ola as Uber’s main rival in India. Speaking on Nikhil Kamath’s podcast, he called Rapido the “tougher competition.” Rapido now holds a growing share of India’s ride-hailing market and has expanded into food delivery, though rising cash burn has impacted profitability.
MIB to launch centralised digital music licensing registry by October
The Ministry of Information and Broadcasting will launch a Centralised Digital Music Licensing Registry by October 2025, aiming to streamline clearances and boost the live events industry. This initiative, finalized during a Joint Working Group meeting, seeks to position India among the top five global live entertainment destinations by 2030.
Eternal shares in focus as parent sets up new subsidiary Blinkit Foods
Eternal, parent of Zomato and Blinkit, will launch a new subsidiary, Blinkit Foods, focusing on 10-minute food delivery under its Bistro brand. With 38 kitchens in Bengaluru and Delhi-NCR, early demand has been encouraging. The company aims to target home-style meals and quick snacks while refining its model for profitability. Shares closed 1.5% lower at Rs 321.65.
ETSA 2025 jury meet; and other top tech and startup stories his week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories from this week. Let’s take a look at the recap.
Urban Company IPO payday; Side effects of CBD wellness rush
Happy Thursday! Urban Company investors look at lucrative returns as the unicorn gets ready to list. This and more in today’s ETtech Morning Dispatch.
The ET Startup Awards 2025: Nominees for ‘Startup of the Year’ are here
Happy Wednesday! We at ETtech have been hard at work to bring you the 11th edition of The Economic Times Startup Awards (ETSA).
ETSA 2025 winners are here; Job cuts at MPL
The winners of the 11th edition of The Economic Times Startup Awards are here. This and more in today’s ETtech Top 5.
ETtech Explainer: Rapido’s bold challenge to Zomato, Swiggy amid sector slowdown
Rapido has launched a food delivery app, Ownly, in Bengaluru, challenging Zomato and Swiggy. Offering lower restaurant commissions and fixed delivery fees, it aims to attract cost-conscious users. While food delivery growth is slowing, Rapido hopes its efficient model and two-wheeler fleet can make Ownly a sustainable third option.
The Economic Times Startup Awards 2025: And the big winners are…
Top entrepreneurs and business leaders gathered in Bengaluru on August 28 to pick the winners of The Economic Times Startup Awards (ETSA) 2025.
The Economic Times Startup Awards 2025: Spotlighting disruption’s best as jury meets this week
Experience and excellence are common threads that bind the high-powered jury, captained by the redoubtable Amitabh Kant, that chooses awardees this week.
ET Startup Awards 2025: Nominees for Comeback Kid
This award celebrates failure and recognises those who have survived to tell the tale. It will be given to entrepreneurs who rebuilt or launched a more successful business.
The Golden Thumb Rule| IPO Rush, AI Noise, and Timeless Principles: Ambit’s Nitin Bhasin on Navigating Markets
Nitin Bhasin of Ambit Capital stresses that despite IPO hype, AI buzz, and market sentiment swings, timeless principles—valuation discipline, behavioural control, and long-term focus—remain the true foundations of successful investing.
Filling in the spaces: How this Pune firm is providing on-demand storage space for your luggage and cars
A largely unorganised market, the warehousing and storage industry in India had almost never operated in the peer-to-peer space—until Airattix came along.
Festive fireworks ahead for ecommerce firms with season sales to rise 27%
Indian e-commerce marketplaces and online retailers anticipate a record-breaking festive season, projecting sales of Rs 1.2 lakh crore, a 27% increase from last year. Quick commerce is set to account for over Rs 14,000 crore of this estimate. This resurgence comes on the back of consumer sentiment in urban India turning positive after three years of slower growth.
Rs 3,100 crore mutual fund battle: Why MFs are ditching Zomato for Swiggy
Zomato Vs Swiggy: Mutual funds exhibited contrasting strategies in July, divesting approximately ₹1,700 crore worth of Eternal shares amidst a 17% surge, while simultaneously investing ₹1,400 crore in Swiggy, whose shares have declined 26% year-to-date.
RBI’s AI reset; ETSA ‘Startup of the Year’ nominees
The central bank’s new AI framework will send banks back to the drawing board. This and more in today’s ETtech Top 5.
Heavy rains, flooding disrupt delivery businesses in Mumbai
Food delivery and quick commerce platforms had suspended operations for several hours in areas experiencing severe waterlogging. High-velocity winds and flooding have scared delivery partners, who are demanding an increase in the rain fee from Rs 20 to Rs 40.
The ET Startup Awards 2025: elite jury to pick winners on August 28
Happy Tuesday! The ETtech team has been neck-deep preparing for the past few months to bring you the 11th edition of The Economic Times Startup Awards (ETSA). Today, we are unveiling the elite jury and nominees for two more categories — Woman Ahead and Social Enterprise.
The Economic Times Startup Awards 2025: Nominees for Best on Campus and Comeback Kid
We are excited to bring you the 11th edition of The Economic Times Startup Awards (ETSA). In the run-up to the coveted honours, we have the nominees for the Best on Campus and Comeback Kid categories for you today.
From here on, all bets are on how GST is impacting demand, says Dinshaw Irani and adds why Helios is betting on Ola
Helios Mutual Fund is optimistic about domestic consumption, recently adding Ola to its portfolio due to its EV two-wheeler potential. Dinshaw Irani highlights Ola's improved profitability and focus on Generation III bikes with indigenous batteries. Helios believes the worst is over for Ola, citing margin improvements and faith in the management's direction.
Make telecom stocks part of core portfolio; digital commerce, insurance other favourites: Rajesh Bhatia
Rajesh Bhatia of ITI MF advocates for including telecom stocks in core portfolios, highlighting tariff increases and growing free cash flow. He also favours digital economy companies like PB Fintech and Zomato, citing their rapid growth and potential profitability. Bhatia expresses less optimism about oil and gas, preferring sectors with predictable growth.
Swiggy raises platform fee for customers amid surge in orders
Swiggy has increased its platform fee to Rs 14 in specific high-demand areas, up from Rs 12, inclusive of GST. This adjustment, following a similar trend by Zomato, aims to improve unit economics amidst rising losses, which doubled to Rs 1,197 crore in the April-June quarter.
Zomato kicks off Independence Day celebrations with free delivery for orders above Rs 99 to Gold users
The food delivery platform’s Gold customers can avail this offer between August 14 and 17. Further, Zomato’s Gold membership is available for Re 1. Zomato’s initiative follows ride-hailing platform Rapido launching its food delivery service Ownly in Bangalore. Ownly is currently available for consumers in Koramangala, HSR, and BTM Layout.
2 top stock recommendations from CA Rudramurthy BV
CA Rudramurthy BV of Vachana Investments remains optimistic about the market, suggesting a "buy on every dip" strategy. He highlights the positive impact of the GST initiative and potential RBI rate cuts. While acknowledging geopolitical tensions and other external factors, he anticipates the market reaching all-time highs if these issues subside and earnings improve.
Two cold coffee's for Shah Rukh Khan: SRK fan’s coffee delivery plan goes viral. Watch video
A social media influencer, Shubham Prajapat, attempted to enter Shah Rukh Khan’s residence Mannat by posing as a Zomato delivery boy. He ordered coffee, took the delivery bag, and tried to bluff his way past security. While his plan failed, the guard’s witty response quickly went viral, leaving viewers amused. The video has since entertained fans online, though reports suggest it may be old as the Khan family has temporarily moved out of Mannat during renovations.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 27%
At this point of time, both the bulls and bears are pretty much even, though the bias is toward the bulls. The thing that will tilt the balance in favour of the bears is the implementation of the additional 25% tariff on Indian exports to the US on August 27. But we are assuming that better sense will prevail; and, even if they are implemented, we would soon see an India-US trade treaty that would reverse the tariff. If that happens, the bullish sentiment will get a boost and the tilt will first be toward large-cap stocks. Especially where the quality of the balance sheet is strong and there is little need for further debt for the business.
ET Startup Awards 2025: Unveiling the Bootstrap Champ & Top Innovator nominees
The Economic Times Startup Awards (ETSA) are back! We have been hard at work for the past few months to bring you the 11th edition of the coveted honours.
Swiggy shares jump 3% after company hikes platform fees to Rs 14
Swiggy's shares experienced a surge on Monday following an increase in its platform fee to Rs 14 in high-demand areas, aiming to mitigate widening losses. Despite a doubled net loss of Rs 1,197 crore in Q2, operating revenue rose 54% to Rs 4,961 crore. Intensifying competition from new entrants like Rapido's Ownly, offering lower commission rates, adds pressure.
Still avoiding PVs in auto and FMCG, negative on IT; hospitality a better play on GST: Dinshaw Irani
Helios Mutual Fund is adjusting its portfolio. The focus is shifting towards electric vehicle two-wheeler companies. A new addition in this space is expected soon. The fund remains cautious on passenger vehicles and negative on the IT sector due to US uncertainty and AI impact. FMCG is avoided due to growth concerns.
Karnataka Assembly passes Bill for welfare of gig workers
The Karnataka Legislative Assembly passed a Bill to safeguard gig workers' rights, mandating aggregators to ensure social security and safety. It proposes a welfare fee of 1-5% on each transaction, establishing a welfare board and fund. The bill also addresses unlawful building regularization, revises shipping fees, extends essential services maintenance, and strengthens cooperative deposit security.
Rapido's food delivery app Ownly goes live in Bengaluru
The company is looking to take on incumbents Zomato and Swiggy by aiming to replicate its success from the ride-hailing sector, where it has dented the Uber-Ola duopoly.
Startup IPOs by default, not design
Over the last two-three years, India’s late-stage private tech funding landscape has changed radically as growth bets and larger cheques have mostly vanished. A $100 million funding round for mature startups has all but disappeared.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Eternal introduces flexi parental leave usable over 3 yrs
Eternal Ltd, parent company of Zomato and Blinkit, has introduced a progressive 26-week parental leave policy, usable over three years and starting before childbirth. This inclusive policy supports all parents, regardless of gender or how they welcome children. The move follows consultations with Eternal's parent community, addressing family needs beyond the immediate post-birth period.
Only 36% of IPOs have delivered long-term alpha despite hype: Client Associates
Client Associates’ study of 25 tech IPOs (2020–2025) found only 36% delivered long-term alpha. IPO gains were often short-lived, with post-IPO investors faring worse. Pre-IPO results varied sharply, and retail-driven listings underperformed. CA urges focus on profitability, governance, and scalability over hype.
Startup IPOs deliver only 36% long-term return for investors: Report
A Client Associates report reveals mixed outcomes for new-age tech IPO investors. Pre-IPO investments showed strong returns, averaging 43%, while IPO and post-IPO investors saw significantly lower gains, with only 36% and 32% profitability, respectively. The report cautions against hype-driven investments, emphasizing the importance of assessing business fundamentals to avoid substantial losses.
Esop delivery at Eternal; Ecomm set to ride festive wave
Happy Monday! Executives at Zomato and Blinkit parent Eternal exercised stock options worth Rs 419 crore. This and more in today’s ETtech Morning Dispatch.
He quit a seven-figure Bengaluru job for mental peace to be a delivery agent: ‘Now realise how good my life was’
Once a high-flying finance professional, he faced personal setbacks and job market challenges, leading him to become a delivery driver in India. His Reddit post detailed encounters ranging from rude customers mocking his accent to unexpected acts of kindness from strangers.
Norwest Venture eyes a bite of Belgian Waffle
Norwest Venture Partners (NVP) is in advanced discussions to acquire a minority stake in The Belgian Waffle Co, potentially valuing the dessert chain between ₹350-500 crore. This comes after previous talks with ChrysCapital fell through due to stake disagreements.
Blinkit founder Albinder Dhindsa leads Rs 419-crore Eternal Esop exercise
More than 30 Eternal executives converted options to more than Rs 1 crore of company shares. The Esop exercise comes as Eternal's stock hits a seven-month high, driven by Blinkit's impressive growth in the June quarter. The stock option exercise reflects confidence in the company's long-term prospects and aligns executive interests with shareholder value creation.
Silicon dreams meet India; FirstCry’s Q1 report
Happy Thursday! International semiconductor companies are vying to cash in on the India opportunity. This and more in today’s ETtech Morning Dispatch.
Clarity on global tariffs key to Tata Motors’ long-term valuation: Ashi Anand
Ime Capital's Ashi Anand highlights the strong performance of new-age digital platforms like Paytm. These companies are exceeding profitability expectations. Quick-commerce losses are peaking faster than anticipated. Zomato's results have been positive. Anand also discusses Tata Motors, noting the strength of its domestic business. However, JLR faces challenges due to tariffs and competition.
Ant Financial to net nearly 6X return on investment from Zomato parent stake sale
Ant Financial, an Alibaba affiliate, plans to sell its remaining stake in Eternal. This sale will occur through block deals. The deal is expected to generate Rs 5,370 crore. Ant Financial's total proceeds from Eternal stake sales will exceed Rs 18,000 crore. This is nearly six times its initial investment. The sale follows Ant Financial's complete exit from Paytm recently.
From shop floors to sales counters, it’s HERing season
Indian companies are significantly increasing temporary hiring of women this festive season, with mandates up to 60% higher than last year. This surge, driven by diversity goals and talent needs, is prominent in e-comm, retail and logistics. Major firms like Swiggy, Amazon and Flipkart are actively seeking more women for temporary roles.
Global powers will bully India unless it becomes most unapologetic superpower: Eternal CEO
"Every few years, the world reminds us of our place. A threat here, a tariff there. But the message is the same: stay in your lane, India. Global powers will always bully us, unless we take our destiny in our own hands. And the only way to do that is if we collectively decide to become the world's largest most unapologetic superpower in the world. In economy, in technology, in defense, and most importantly, in ambition," CEO of online food delivery platform Eternal, said.
Trade Wars and Tariffs: The hidden cost on India’s affordable housing sector
US-imposed tariffs are severely impacting India’s affordable housing sector, which relies on the MSME workforce. Sales and new launches have plummeted, threatening financial stability for housing finance companies and millions of low-income homebuyers amid ongoing trade tensions and economic uncertainty.
Eternal shares fall 3% as Antfin Singapore sells 23 lakh shares via block deal
Antfin Singapore Holding sold 23.10 lakh shares of Eternal (formerly Zomato) via a block deal, causing the stock to fall by 2.6%. The deal, valued at Rs 53.7 billion, involved offloading a 1.9% stake at a floor price of Rs 285 per share, a discount of 4.63%. Morgan Stanley and BofA Securities managed the 100% secondary share sale.
Antfin to offload entire Rs 5,370 crore stake in Eternal via bulk deal
Antfin Singapore, an Ant Group affiliate will sell its entire stake in Eternal on Thursday. The sale involves 18.84 crore shares via a block deal. The floor price is set at Rs 285 per share. The deal is valued at approximately Rs 5,370 crore. This follows Antfin's recent exit from Paytm earlier this week.
I managed to cut Rs 6,000 restaurant food bill by 42% by using this food app and credit card discount; Here’s how I cracked the deal
Food apps like Zomato and Dine-out provide dine-in discounts. I along with six friends visited The Tandoori Village in Noida and booked a table via Zomato and got 35% flat discount. An additional 12% HSBC credit card discount was applied. After convenience fees, I saved 42% on Rs 5,994 bill. The final amount paid was Rs 3,423.
India Inc rallies behind roaring Brand India as US tariff spat escalates
Top Indian business leaders have come out in strong support of Brand India following US President Donald Trump’s decision to double tariffs on Indian goods to 50%. Leaders including Varun Berry (Britannia), Harsh Goenka (RPG), Anand Mahindra (Mahindra Group), Deepinder Goyal (Eternal/Zomato), and Nadir Godrej (Godrej Industries) stressed the need to strengthen Indian brands, improve ease of doing business, and invest in infrastructure and tourism.
10 Best Online Finance Certification Courses to Advance Your Career in 2025
Finance certification programs are an important part of taking your skills as a finance professional to the next level in the competitive world of finance. Such courses provide you with skill set specialisation, improve your credibility, and give you the ability to stay up to date with trends in the industry. Certifications can also introduce you to global opportunities, meet compliance needs, and improve your problem-solving skills. For finance professionals, regardless of role and industry, these development programs reaffirm expertise, enhance job opportunity potential, and improve career prospects. For anyone looking to develop or change a career in finance, finance certifications are an excellent step towards a longer-term career in finance.
Samir Arora sees investment opportunities in companies reshaping consumer behaviour
Samir Arora of Helios Capital sees potential in firms altering consumer habits. He cites Paytm and Zomato as examples of companies transforming transactions and logistics. Arora highlights the growth potential of such ventures. He notes that financials and banks will likely grow. He believes new profit pools will emerge from companies changing consumer and corporate behavior.
Reliance writes off its $200 million investment in Dunzo
Reliance Industries wrote off its investment in Dunzo after the hyperlocal delivery platform struggled in the competitive quick commerce market. Despite significant funding, including a $200 million investment from Reliance Retail, Dunzo faced unsustainable cash burn due to aggressive expansion and marketing. Ultimately, Dunzo's operations dwindled, leading to its app and website going offline.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
CFOs are quitting Indian firms before finishing 2 years
Many Chief Financial Officers in India leave their jobs quickly. Misalignment of responsibilities is a major reason. Other factors include career opportunities and IPO delays. Sectors like consumer businesses see higher turnover. Internal hires and good onboarding improve retention. Leaving CFOs often advance to bigger roles. Autonomy and clear decision-making are crucial for keeping CFOs.
Sensex falls over 500 pts, Nifty tests 24,400 after Trump's 50% tariff on India
Indian markets faced a third consecutive day of losses as the Sensex and Nifty50 declined due to new US tariffs, sparking economic concerns. Adani Ports and Tata Motors were among the top losers. Despite the RBI maintaining a 6.5% GDP growth forecast, experts advise caution, favoring domestic-focused sectors.
Akon India tour: Check ticket prices, dates, and how to book for Delhi, Bengaluru, and Mumbai concerts
‘Lonely’ and ‘Chammak Challo’ singer Akon has announced dates for India concerts. The concerts are scheduled to take place later this year in Delhi, Mumbai and Bengaluru. The popular calls India a second home and is visiting the country for the second time
Swiggy vs Eternal: Which stock promises better value delivery post Q1 show?
Eternal, the parent company of Zomato and Blinkit, posted a 55% year-on-year increase in its B2C net order value (NOV) for Q1FY26. Blinkit, its quick commerce division, recorded a 140% YoY growth in gross order value (GOV), surpassing food delivery for the first time and becoming Eternal’s largest biz segment.
Swiggy rolls out DeskEats for office goers after losses widen in Q1
Swiggy's DeskEats aims to tap working professionals in over 7,000 tech parks spread across 30 cities in the country. It offers food that is packed in a way that is easy to consume at the desk while working. These include value combos, munchies, healthy nibbles, and more.
TCS rolls out pay hikes; Paytm trims headcount in FY25
Weeks after announcing massive layoffs, TCS said it will raise salaries for 80% of its workforce. This and more in today’s ETtech Top 5.
