Zomato’s food aggregator, who has withdrawn plugs in most of its international businesses, does not see global expansion as part of his future road map, according to the founder and chief executive officer of the Deepinder Goyal company. Goyal said the company continued to estimate the “10x space for growth” in its business, but the […]
As a stock of technology falls, investors wonder if the party is over
Technology stocks in India and the US have beaten, making investors wonder whether the epic Bull Run leads to an unprecedented assessment, a large agreement for unprofitable companies and a party driven by the bottom rates of rock may end. The newly registered internet companies including Torchbearer Zomato, along with Polikebazaar, Nykaa, Cartrade and Paytm […]
GST Council may deliver blow to food-delivery operators Swiggy, Zomato
Online food-delivery operators like Swiggy and Zomato may need to pay goods and services tax (GST) on restaurant services supplied through them. The GST Council during a meeting on Friday in Lucknow will take this up. Estimating GST losses of Rs 2,000 crore in 2019-20 and 2020-21, the fitment panel has recommended food aggregators be […]