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Zomato’s Deepinder Goyal addresses ’future dated’ mushrooms found in warehouse: ’Were never going to make it to...’ | Company Business News

LivemintLivemint · 1y ago
Zomato’s Deepinder Goyal addresses ’future dated’ mushrooms found in warehouse: ’Were never going to make it to...’ | Company Business News
Medial

Zomato CEO Deepinder Goyal has addressed concerns about food safety after 90 packets of button mushrooms with a future packaging date were found at Hyperpure's warehouse in Hyderabad. Goyal attributed the issue to a manual typing error by the vendor and assured customers that Zomato maintains strict food safety standards. The incorrectly labeled mushroom packets were identified and rejected during an inward quality check, and the vendor responsible has been removed from Zomato's database. Goyal emphasized the company's commitment to maintaining rigorous guidelines and utilizing technology systems to prevent such errors in the future.

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Deepinder Goyal’s new startup Temple raises $54 Mn at a $190 Mn valuation

EntrackrEntrackr · 28d ago
Deepinder Goyal’s new startup Temple raises $54 Mn at a $190 Mn valuation
Medial

Deepinder Goyal’s new startup Temple raises $54 Mn at a $190 Mn valuation. Notably, more than 30 employees of Temple also participated in the funding round in their personal capital at the same valuation as external investors. Temple, a new startup founded by Deepinder Goyal, has raised $54 million in its first funding round through friends and family investors. The round values Temple at a post-money valuation of approximately $190 million. According to regulatory filing with MCA, the board at Temple has passed a resolution to approve the issuance of 234,799 TCCPS at an issue price of Rs 21,000 each to raise approximately Rs 493 crore. The filing shows that Deepinder Goyal will lead the round with an investment of Rs 104.07 crore, followed by Steadview Capital at Rs 90.49 crore. Other major investors include Dharana Fund, Peak XV Partners, and Aaroh Fund, which will invest Rs 49.77 crore, Rs 54.30 crore, and Rs 18.10 crore, respectively. The employee investments were made without any discount. Temple is a privately held startup launched by Goyal after Zomato’s listing. The company is currently operating in stealth mode. Goyal has previously indicated that Temple is a long-term venture and is separate from Zomato’s core food delivery and quick commerce businesses.

Zomato joins Nifty 50 in index reshuffle

EntrackrEntrackr · 1y ago
Zomato joins Nifty 50 in index reshuffle
Medial

Zomato joins Nifty 50 in index reshuffle In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30. In a major reshuffle of the Nifty 50 index, Zomato and Jio Financial Services will replace Britannia Industries and Bharat Petroleum Corporation Limited (BPCL). This adjustment is set to take effect on March 31, 2025. The National Stock Exchange (NSE) determines such periodic rebalancing based on the average free-float market capitalization of companies over a six-month period, spanning from August 1 to January 31. This is a major milestone for new-age tech companies in India. As per a report by JM Financial, Zomato’s addition could bring in inflows of around $620 million, impacting nearly 226.6 million shares and influencing trading volumes for approximately 3.8 days. In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in the benchmark index of India’s top 30 companies. The Nifty Next 50 index is also set for a major reshuffle, with the inclusion of seven new stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Zomato’s rival Swiggy. These companies will replace Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato. The Nifty Next 50 Index serves as a benchmark, representing the top 50 companies ranked between 51 and 100 based on market capitalization on the National Stock Exchange (NSE).

Zomato CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened | Company Business News

LivemintLivemint · 1y ago
Zomato CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened | Company Business News
Medial

Zomato's CEO, Deepinder Goyal, responded to a user's request for an auditor's report on the company's "offsets" to verify the impact of its plastic recycling project. Goyal provided a four-point response, including mentioning the ESG Factsheet, waste management agency data, EV-based deliveries data, and the ecosystem of EV players across India. He also highlighted the company's carbon neutrality efforts and its focus on achieving 100% EV-based deliveries by 2030. Goyal acknowledged concerns about electric two-wheeler infrastructure and financing facilities and emphasized ongoing collaboration with policymakers and industry players to address these issues. Zomato's shares closed slightly higher after the exchange.

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