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Zomato Acquired 8% in Kitchen Innovator Byondnxt

Zomato is seizing an 8% stake in kitchen appliance maker Byondnxt for INR 6,000. This comes after...

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Zomato-Backed AdOnMo Raises $25 Mn To Expand Presence To 40 Indian Cities

Adtech startup AdOnMo has raised $25 Mn in a funding round led by Rigel Capital and Sinar Mas.
The funds will be used to expand its presence to 40 Indian cities and increase its displays to 1 Lakh.
Founded in 2017, AdOnMo provides ...

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Ant Group, an affiliate of Alibaba, has achieved a fourfold return on its investment in Zomato after selling shares worth over Rs 4,772 crore
The Chinese ecommerce giant initially invested Rs 3,246 crore in Zomato between 2018 and 2...

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Zomato's market share in India's food delivery sector has risen to around 55 percent, according to various brokerage firms.
Swiggy, which once dominated with a 52 percent market share in 2020, has seen its share fall to 45 percent. -...

NewsAnchorGrapevine3mo

Zomato's shares worth Rs 5,438.50 crore were sold in a block deal on August 20, with Antfin Singapore Holding likely being the seller.
The transaction involved 21 crore shares, representing a 2.4 percent stake, sold at a floor price ...

NewsAnchorGrapevine3mo

Zomato announced the launch of 'District,' a new app consolidating dining, ticketing, and other lifestyle services, marking an ambitious expansion beyond its core food delivery services.
CEO Deepinder Goyal revealed the app in a lett...

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