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Chart of the Day: How Zomato's membership gambit revived growth

Average monthly transacting customers on the food delivery platform rose sequentially for the second consecutive quarter

How-zomato , Zomato , Ood-delivery , Old-membership , Rders , Ustomer-additions , Usiness-growth , Tock , 2-fy24 , Evenue ,

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

How-zomato , Mc-essentials ,

Daily Voice | Why this fund manager thinks markets have priced in likely rate cuts from Q4

A stable bull market environment, growing economy, optimistic investor sentiments, and strong fundamentals of corporates is an ideal time for companies to go public, says Anil Rego of Right Horizons.

India , Federal-reserve , Morgan-stanley , Anil-rego , Fund-manager , Right-horizons , How-zomato , Financial-budget , Bse-sensex , Nifty50 , Nse-nifty

Zomato share price is down 65% from 52-week high, time to buy?

Zomato share price today: Zomato shares are trading at Rs 58, down 65.70 per cent from the yearly high of Rs 169.10 hit on November 16, 2021 on BSE. On July 27, 2022, the stock touched a 52-week low of Rs 40.55.

Delhi , India , Manoj-dalmia , Ravi-singh , Jitendra-upadhyay , Ravi-singhal , Santosh-meena , How-zomato , Swastika-investmart , Share-india , Bonanza-wealth-management

Focus on growth, building long-term business: Zomato's cofounder Deepinder Goyal


Synopsis
Goyal says Zomato spent almost one-third the money compared to competition to get here and has been very efficient..
ETtech
Bengaluru | Mumbai:
Zomato, the
first Indian unicorn to list on the bourses last month, will continue to chase growth and build a long-term business, cofounder Deepinder Goyal told ET, undeterred by questions raised on the food-delivery and restaurant-discovery platform’s profitability and eye-popping valuation.
The 38-year-old chief executive said that “life hasn’t changed drastically” after the company raised more than $1 billion from the public markets last month, vaulting it to the top league of publicly traded firms in India.

Delhi , India , Deepinder-goyal , Swiggy-ettech , Rahul-awasthi , Srisharsha-majety , Zomato-ettech , Softbank-vision-fund , Competition-commission-of-india , Mukesh-reliance-industries , National-restaurant-association-of-india , Pankaj-chaddah

zomato IPO: 'We listed in India so our customers could own a part of us'

zomato IPO: 'We listed in India so our customers could own a part of us'
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Delhi , India , Mumbai , Maharashtra , Deepinder-goyal , Swiggy-ettech , Samidha-sharma , Akshant-goyal , Zomato-ettech , Digbijay-mishra , National-restaurant-association-of-india , Hyper-pure

Sequoia Capital: Sequoia elevates five execs to managing director position


Sequoia elevates five execs to managing director position
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Last Updated: Jul 30, 2021, 03:33 PM IST
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Synopsis
Ashish Agarwal and Harshjit Sethi from Sequoia Capital’s venture team, and Tejeshwi Sharma, Ishaan Mittal and Sakshi Chopra from the growth team will be elevated to managing-director rank.
ETtech
(From left) Ashish Agarwal, Harshjit Sethi, Sakshi Chopra, Ishaan Mittal and Tejeshwi Sharma, new managing directors of Sequoia Capital.
Mumbai: Silicon Valley’s marquee venture capital fund, Sequoia Capital, has promoted five of its executives to the position of managing director, as it further bulks up its leadership team amid unprecedented dealmaking in the country’s startup ecosystem.

Mumbai , Maharashtra , India , Amit-jain , Shailendra-singh , Shailesh-lakhani , Tejeshwi-sharma , Piyush-gupta , Mohit-bhatnagar , Abheek-anand , Sakshi-chopra , Harshjit-sethi

ED summons Binance execs

ED summons Binance execs
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , Israel , Mohalla , India-general- , Tel-aviv , China , Delhi , Cayman-islands , Israeli , Chinese

Fintech firms set for IPOs but face challenges


Fintech firms set for IPOs but face challenges
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Synopsis
ETtech
India’s
fintech sector is set for landmark Initial Public Offerings (IPOs) in the next five months as at least three startups – Paytm, Mobikwik, Policybazaar – are likely to raise up to Rs 28,000 crore ($3.7 billion) through public offers betting on favourable market dynamics where both institutional and retail investors are operating with abundance of liquidity.
According to industry experts, successful listings by these fintech companies could trigger a larger number of homegrown fintechs to make their debuts on Indian exchanges in the coming years mirroring the trends set by foreign counterparts listed on Nasdaq of the United States and China’s Shanghai Stock Exchange over the last two years.

China , United-states , Shanghai , India , Chinese , Pranav-pai , Dinesh-arora , Navin-surya , Fintech-convergence-council , Life-insurance-corp , Exchange-board-of-india-sebi , China-shanghai-stock-exchange