Gupta's exit comes days after Zomato decided to stop its grocery delivery service from September 17, mainly due to gaps in order fulfilment, leading to poor customer experience.
The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts.
Zomato clarified that the ads featuring the Bollywood actors Katrina Kaif and Hrithik Roshan were well-intentioned. However, netizens don't seem to accept it.
Zomato on Tuesday reported widening of its net loss to Rs 360.7 crore for the quarter ended on June 30, 2021, mainly on account of rise in expenses.
Zomato shares made a strong stock market debut on Friday, listing at a premium of 53 per cent or Rs 40 apiece on the NSE against the issue price of Rs 76.
Zomato Share Price, Listing: The shares of Zomato will be listed on the BSE and NSE on Friday at 10 am.
Paytm, Zomato, Steam, other popular applications suffered a massive outage. Now apps are working fine.
Food delivery giant Zomato finalised its initial public offering (IPO) share allotment on Thursday. The company will list on the exchanges (BSE and NSE) on Friday, July 23, ahead of its scheduled July 27 listing.
Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed.
Zomato got bids for 344.76 crore shares against 71.92 crore shares on offer, stock exchange data showed.
Zomato IPO, Grey Market Premium: The grey market premium of Zomato IPO has dropped to Rs 10. The shares will be listed on July 27.
Zomato's Rs 9,375 crore initial public offering (IPO) - India's biggest this year - will open on Wednesday amid buzz of strong response from global institutional investors.
Life Insurance Corporation (LIC) is reportedly weighing a bid for the online delivery platform’s shares in the IPO.
Zomato IPO price, Zomato IPO GMP today: Unlisted shares of Zomato are quoting at a premium of Rs 15-20 apiece in the grey market.
Zomato, which filed preliminary IPO papers with Sebi in April, obtained its observation on July 2, an update with the regulator showed on Monday.
A food delivery executive from Hyderabad received a motorbike after a customer started online fundraising for him on a social media platform.
Zomato was followed by Swiggy at a distant second position. Zomato trumped Swiggy both in terms of consumer satisfaction and consumer advocacy during the pandemic.
Zomato has filed its draft red herring prospectus (DRHP) for an initial public offering of Rs 8,250 crore.
The Brihanmumbai Municipal Corporation (BMC) on Wednesday issued new covid guidelines regarding online food delivering services, eye clinics other health check-up centres and domestic help for senior citizens.
Zomato IPO date: Zomato is planning to raise about USD 650 million from IPO. Zomato was founded in 2008.
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