“Over 100 top companies are already using ZFE, and we’re grateful for their feedback, which has helped shape this initiative,” Zomato CEO, Deepinder Goyal mentioned
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The IPO plan includes the sale of both new shares and existing shares and may also involve a pre-IPO placement to anchor investors, as per media reports
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It is still a developing story while Zomato shares jumped 6 per cent on Monday on the intraday basis following a raise in target price by global brokerage firm UBS from Rs 260 to Rs 320.
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The annual report also revealed interesting trends in order patterns: most late-night orders in the last fiscal year were placed in Delhi NCR, while Bengaluru led in breakfast orders
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Fifth consecutive quarter of profitability for the food delivery aggregator
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Initially implemented in Bengaluru and Delhi, this fee is separate from delivery charges, GST, restaurant fees, and other associated expenses, as per media reports
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According to a company statement revealed by media reports, "Stock Options granted shall be capable of being exercised within ten years from the date of vesting of options or twelve years from the date of Listing, whichever is later
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