The demand order has been received by the company in respect of non-payment of goods and service tax on delivery charges with interest and penalty thereon
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Blinkit's new app, Bistro, expands beyond groceries into food delivery, marking a significant move in the increasingly competitive quick-commerce space
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The foodtech giant aims to strengthen its financial position and expand its quick commerce operations, particularly via Blinkit, following the successful equity share issuance
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Zomato has embarked on its first significant fundraising initiative since its IPO in July 2021, aiming to secure up to Rs 8,500 crore through a qualified institutional placement (QIP). The company has set a floor price of Rs 265.91 per share for the offering, a nearly 3 per cent discount to its recent closing price of Rs 273.60 on the BSE
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He claims that the warehouse team is already aware of the matter and rejects the products
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The Zomato board has approved the subscription of up to 600 equity shares of Byondnxt at a price of Rs 10 per share
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According to a notification on the app, this fee helps cover operational costs, ensuring that Zomato can maintain its services during the busy season
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As of 30 September, Blinkit operated 791 dark stores and has aggressive plans to expand, targeting 1,000 dark stores by the end of this fiscal year
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This news coincides with the company reporting a 68 per cent year-on-year increase in operating revenue for the July-September quarter
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This surge was driven by robust performance in its core food delivery business, the business-to-business (B2B) Hyperpure vertical, and Blinkit
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