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Man posts pic showing difference between Zomato bill and offline order; company responds
Inshorts
·
1y ago
Medial
A man posted a picture comparing Zomato bill with offline order bill from the same restaurant. The picture showed that the same food items were nearly ₹184 cheaper when ordered directly from the restaurant. Responding to the picture, Zomato wrote, "We can understand your concern and would like to get this checked. Could you please DM us your...registered contact details?"
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'Extra ₹3 added to Swiggy bill', complain users; company responds
Money Control
·
1y ago
Medial
Swiggy, a popular food delivery app, faced backlash from users who noticed a discrepancy between their food bill total and the amount charged to them. Contrary to concerns, Swiggy clarified that a bug had caused a display error, and customers were not being overcharged. Screenshots shared on social media showed a difference of around Rs 3. Swiggy confirmed that the bug showed an additional discount, which has already been fixed. This incident occurred amidst reports of food orders becoming costlier due to platform fees imposed by delivery companies like Swiggy.
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Musk shares pic of 4 new Starship rockets days after it exploded
Twitter
·
1y ago
Medial
World's richest man Elon Musk shared a picture showing four new Starship rockets days after it exploded for the second time during a test flight. "Four more Starships, the last of V1," Musk wrote. SpaceX, Musk's startup that launched the rocket, clarified that the rocket blew itself up in air based on "available vehicle performance data" after loss of telemetry.
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Elon Musk's X says posts of Australia bishop stabbing don't promote violence
Economic Times
·
1y ago
Medial
Elon Musk's social media platform X has defended its decision to publish posts showing a bishop being stabbed during a sermon in Australia. X rejected a regulator's order to take down the content, arguing that it should be allowed as part of public discussion and debate. The company maintains that the posts don't encourage violence. This refusal to comply with the order has sparked a controversial back-and-forth between Musk and Australian officials. A court has temporarily upheld the takedown order until a hearing on May 10. The dispute comes after a recent attack on a bishop in Sydney, resulting in terrorism charges for several individuals.
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Emami To Acquire The Man Company For INR 177 Cr
Inc42
·
11m ago
Medial
Emami, a personal care and healthcare company, plans to acquire the remaining 49.6% stake in the direct-to-consumer startup, The Man Company. Emami already holds a 50.4% stake in the Delhi NCR-based company. The acquisition is priced at INR 177.6 Cr. The Man Company, founded in 2015, offers a variety of men's grooming products and had a turnover of INR 183 Cr in FY24, showing a YoY growth of 59%.
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Zomato gets service tax demand and penalty order of Rs 184 crore
Economic Times
·
1y ago
Medial
Food-delivery platform Zomato has received a service tax demand and penalty order totaling over Rs 184 crore for non-payment of service tax between October 2014 and June 2017. The tax was based on sales made by Zomato's foreign subsidiaries and branches to customers outside India. The company plans to file an appeal against the order, stating that it believes it has a strong case. Zomato has been shutting down its international operations, with minimal impact on its overall operations. The platform was previously issued a tax demand notice of Rs 23 crore by the Karnataka commercial taxes authority.
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Viral video shows model riding without helmet in Zomato gear; Company issues clarification
IndianStartupNews
·
1y ago
Medial
A viral video showing a woman riding a bike without a helmet while wearing what appeared to be Zomato's attire and delivery bag has sparked controversy. Zomato CEO, Deepinder Goyal, clarified that the woman in the video is not a Zomato employee and the company had no involvement in the video. Goyal also emphasized that Zomato does not endorse helmet-less biking. The video initially led social media users to believe it was an official Zomato campaign, but the company dispelled this misunderstanding.
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Zomato Q3: Blinkit Posts Second Consecutive Contribution Positive Quarter
Inc42
·
1y ago
Medial
Zomato's subsidiary Blinkit, the quick commerce vertical, continued its growth and achieved contribution positive status for the second consecutive quarter. In Q3 FY24, Blinkit's revenue reached INR 644 Cr, compared to INR 301 Cr in the same period the previous year. The contribution margin as a percentage of gross order value (GOV) improved to 2.4% in Q3 FY24. Zomato also reported a quadrupled consolidated net profit of INR 138 Cr and a 68% YoY increase in operating revenue to INR 3,288 Cr in Q3 FY24.
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Jaipur man buys Ather electric scooter worth a lakh using ₹10 coins: See Pic
Livemint
·
1y ago
Medial
A man in Jaipur, Rajasthan, made an interesting purchase recently by buying an Ather 450 Electric Scooter worth over ₹1 lakh, completely paid in ₹10 coins. A picture shared by Ather Energy CEO Tarun Mehta showed the "new Ather owner" being handed over the keys, along with pouches filled with ₹10 coins. Ather Energy, backed by investors like GIC and Flipkart founders, is planning to list in India and has a market valuation of $739.4 million, with expectations of electric two-wheeler sales increasing to 60%-70% by 2030. A potential IPO in Mumbai is also being considered, which could value the company at about $2 billion.
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Startups flipping to India gain pace in fintech, other segments
Livemint
·
1y ago
Medial
Indian fintech startups that are currently based abroad are considering relocating to India in order to gain the confidence of regulators and prepare for public markets. PhonePe, backed by Flipkart, made the move last year after incurring a hefty tax bill. Other fintech firms, such as Razorpay, Groww, and Pine Labs, are also showing interest in shifting their base. Moving to India would help with compliance with local laws, as well as during the listing process. However, software companies may be less likely to move due to their focus on the US market.
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Zomato gets service tax demand, penalty order of ₹184 crore, set to appeal
Livemint
·
1y ago
Medial
Indian online food delivery platform Zomato has received a service tax demand and penalty order of over ₹184 crore ($25 million) for non-payment of service tax on certain overseas sales. The demand covers the period from October 2014 to June 2017, and Zomato plans to appeal the order. The company believes it has a strong case and expects no financial impact as a result of the dispute.
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