Zomato Share Price | Big News

Zomato Share Price range between the high and low prices over the past 52 weeks ₹40.60 – ₹88.70 & MARKET CAP – 459.20B INR

Zomato | Zomato Share Price | Zomato India
Image Source – Zomato India

Zomato Share Price Today –

Zomato Share Price History –

Zomato Share Price- History –

Zomato is an Indian food delivery and restaurant discovery platform that was founded in 2008. The company went public on July 23, 2021, with an initial public offering (IPO) of 93.75 billion rupees ($1.3 billion USD), making it one of the biggest IPOs in India’s history.

Zomato shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on July 23, 2021, with an initial price of 116 rupees ($1.55 USD) per share. The zomato share price quickly rose by more than 80% on the first day of trading, reaching a high of 138.90 rupees ($1.85 USD) per share.

However, the zomato share price began to decline in the following days, dropping to as low as 112.25 rupees ($1.50 USD) per share by August 6, 2021. The decline in share price was attributed to concerns about Zomato’s ability to turn a profit and the overall volatility of the Indian stock market.

Despite these concerns, Zomato share price rebounded in the following months, reaching a high of 173.95 rupees ($2.32 USD) per share on December 8, 2021. As of March 17, 2023, Zomato share price is trading at around 146.70 rupees ($1.95 USD) per share on the NSE.

Zomato Share Price – Highest After IPO –

Zomato Share Price | Zomato Highest Share Price
Source – Google Finance

Zomato Share Price – Lowest After IPO –

Zomato Share Price | Zomato Share Price History
Source – Google Finance

About Zomato –

Zomato is a food technology company that operates an online food delivery and restaurant discovery platform. It was founded in 2008 by Deepinder Goyal and Pankaj Chaddah in India and has since expanded to operate in 24 countries worldwide. Zomato’s mission is to “better food for more people,” and it aims to achieve this by connecting consumers to food businesses through its platform.

Zomato’s platform allows users to search for and discover restaurants based on various filters such as cuisine, location, price range, and user ratings. It also allows users to order food online for delivery or pickup from participating restaurants. Additionally, the platform provides various features such as restaurant reviews, menus, photos, and other details to help users make informed decisions about where to eat.

Zomato has also expanded its services to include Zomato Pro, a subscription-based loyalty program that offers discounts and other perks at participating restaurants. It has also entered into the online grocery delivery business through Zomato Market, which allows users to order groceries and household essentials for delivery.

The company has raised over $2 billion in funding from investors, including Sequoia Capital, Ant Financial, and Temasek Holdings. Zomato went public in July 2021, listing on the Indian stock exchange and later on the National Stock Exchange of India. It was one of the largest initial public offerings (IPOs) in India’s history.

Zomato has faced some criticism and controversy over the years, particularly around its treatment of restaurant partners and delivery workers. The company has responded to these concerns by implementing various policies and initiatives to improve its relationships with these stakeholders.

Overall, Zomato has become a prominent player in the food technology industry and has helped to transform the way people discover and order food.

Zomato Projects and FUture Projects –

  1. Zomato Gold: This is a subscription-based service that provides members with discounts and offers at partner restaurants. It has been a successful project for Zomato and has expanded to several countries.
  2. Zomato Kitchen: This is a cloud kitchen service where restaurants can set up a virtual kitchen and sell their food exclusively through the Zomato app. This project has gained popularity in recent years, and Zomato has expanded its cloud kitchen business to several cities.
  3. Zomato Market: This is an online grocery delivery service launched by Zomato in 2020 during the COVID-19 pandemic. The service delivers groceries and household essentials to customers’ doorsteps, and it has been well-received by users.
  4. Zomato Pro: Zomato Pro is a loyalty program for Zomato customers that provides exclusive discounts and benefits. It is available in several countries and has been successful in driving customer engagement and retention.

Based on these projects, it’s possible that Zomato will continue to expand its services in the food delivery and restaurant discovery space. They may also continue to explore new ventures, such as expanding their grocery delivery business or exploring new markets.

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