Zomato

Tiger Global exits Zomato, divests 1.44% stake for ₹1,124 crore

Tiger Global is adding another handsome exit to its list of Indian startup exits. The firm wrapped up its latest exit in India this year by selling its remaining stake in Zomato for ₹1,123.85 crore through open market transactions. This exit marks the culmination of Tiger Global’s investment journey with Zomato, one of the largest … [Read more…]

Zomato reports 2nd consecutive profitable quarter, revenue up 53% YoY in Q2’24

Zomato, the Indian food delivery unicorn, today reported its second consecutive profitable quarter. With an EBITDA of ₹41 crore for Q2’FY24, this was a massive ₹233 crore improvement over the same quarter in previous year. This is the second time it is reporting a profit, with a surprising ₹2 crore profit reported in previous quarter. … [Read more…]