• NSE
Partner with US Open an Demat Account EIPO Portfolio Tracker Watsapp Play Store App Store

Zomato gains 5% after 100 MN shares change hands via block deal

Zomato gains 5% after 100 MN shares change hands via block deal


Category : Announcements

Investors sold a piece of Zomato, a food delivery company, for a lot; Zomato now earns profit, plans to charge fees, and offers more than food, which experts like.

Zomato Stake Sale:

  • A company called Zomato, which delivers food, had a stake (ownership) of about 1.17% available for sale.
  • A big investor, likely SoftBank, sold this stake for about Rs 947 crore (Indian currency).
  • This happened through a deal where shares were sold at an average price of Rs 94.70 each on August 30.

Tiger Global's Share Sale:

  • Another investor called Tiger Global recently sold its entire stake (1.44%) in Zomato on August 28.
  • Tiger Global made a total of about Rs 1,123.85 crore from this sale.

Open Free* Demat & Trading Account with Libord and Start Investing in 15 mins*

Zero Brokerage on Equity Delivery Trades | Rs. 20 Per Trade on All Options | No AMC on first Year

Invest Now

 Zomato's Profit and Business Strategy:

  • Zomato, which used to have losses, recently made a profit of Rs 2 crore between April and June.
  • To make more money, Zomato decided to charge a fee of Rs 2 on every order, no matter how much you order.

Expert Opinions:

  • Morgan Stanley, a company that understands investments, thinks Zomato's new fee plan is a good idea. They say it could help Zomato make more profit.
  • HSBC, another expert company, increased its prediction for Zomato's share price by almost 18% to Rs 120. They also think Zomato's new focus on local services is valuable.

Hyperlocal Focus:

  • Zomato is getting more into local services, like delivering things other than food, and HSBC believes this could become a big part of Zomato's business in the future.
  • The local services arm of Zomato, called Blinkit, is currently valued at $5 billion.


Big investors are buying and selling pieces of Zomato, which delivers food. Zomato is making a profit now and plans to charge a small fee on orders. Experts think these moves could help Zomato make more money, and they are excited about Zomato's focus on local services, like delivering things from nearby places.

Author Image


Recent Post

  • Market Outlook After the 2023..

    Introductions – After this budget session which was declared last week, many analysts feel that so far this is the best budget, because in this budget, she has covered all sectors..

  • Data Patterns (India) Ltd IPO..

    Data Patterns (India) Ltd IPO Details: Data Patterns (India) Ltd has announced public offering of 10276874 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 553.00 per shar..