Zomato has raised its platform fee for food to Rs 10 during the festive season, and Swiggy is doing the same. This change comes as more people are ordering food for celebrations.
In Q2 FY25, Blinkit’s revenue jumped to INR 1,156 Cr, more than doubling from last year. The company reported a 122% rise in gross order value to INR 6,132 Cr. However, its adjusted EBITDA loss grew to INR 8 Cr from INR 3 Cr. Blinkit plans to have 2,000 dark stores by FY26, adding 152 stores in this quarter.
Jensen Huang, the CEO of Nvidia, has made it into the top 10 of Forbes' billionaire list for the first time, with a net worth of $124.1 billion. His wealth jumped by $3.6 billion after Nvidia's stock price rose, highlighting a key moment in the world of generative AI.
Zomato is looking to raise $1 billion by selling shares to institutional investors. This is their first big fundraising since their IPO in 2021, and it comes just before rival Swiggy's $1.4 billion IPO. The goal is to strengthen Zomato's position in India’s quick-commerce market.
HuggingChat is a free chatbot made by Hugging Face that competes with ChatGPT. It offers users eight different AI models for tasks like creating images and reading documents. You can customize it a lot and add tools from the community, making it great for casual users and developers alike.
Zomato is seizing an 8% stake in kitchen appliance maker Byondnxt for INR 6,000. This comes after a net profit plunge of 30% in Q2 FY25. Byondnxt specializes in inventive kitchen solutions and was established by Eshwar Vikas.
Blinkit, Zomato's quick commerce arm, has witnessed its market share in Delhi NCR tumble to 40%. The company is now eager to extend its reach into other metro areas. Despite this setback, Blinkit continues to be a major growth engine for Zomato, with substantial revenue boosts and a mission to launch 2,000 dark stores by FY26.
An Army jawan in Nagpur was apprehended for allegedly slaying his girlfriend and encasing her body with cement, echoing the plot of the film Drishyam. The victim, 32, vanished on August 28, prompting a chilling investigation that unveiled betrayal and a meticulously orchestrated crime.
A Zomato customer, Radhika Bajaj, recently claimed that a delivery guy verbally abused her office staff because they took 10 minutes too long to collect their order. Zomato quickly apologized, admitting the behavior was unacceptable, while social media lit up with discussions about how to treat delivery partners and suggestions for penalties for late pickups.
Blinkit, the quick delivery service under Zomato, is rolling out express dark stores to deliver high-value items like air purifiers and jewelry in just 30 minutes. This move is all about upping the average order value and going head-to-head with giants like Flipkart and Amazon as the quick delivery scene heats up.