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Qatar Retail Restaurant Industry is expected to cross QAR 8,900 Mn by 2025: Ken Research

GURUGRAM, India, May 4, 2021 /PRNewswire/ Recent and upcoming malls in Qatar, such as Mall of Qatar, Tawar Mall, Al Hazm Mall are likely to expand options for Retail Restaurant outlets

Qatar Retail Restaurant Industry is expected to cross QAR 8,900 Mn by 2025: Ken Research

Qatar Retail Restaurant Industry is expected to cross QAR 8,900 Mn by 2025: Ken Research
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Ordering From Swiggy Or Zomato? Think Again; You Might Be Paying A Premium Of As High As 50 Per Cent For Their Service

Ordering From Swiggy Or Zomato? Think Again; You Might Be Paying A Premium Of As High As 50 Per Cent For Their Service by Arihant Pawariya - Apr 12, 2021 11:56 AM A Zomato delivery boy on a motorcycle. Snapshot The argument of this piece is not that food delivery apps are ‘looting‘ the customers. It’s to show that customers are paying a hefty premium ranging from 10 per cent to 50 per cent depending on the outlet they are ordering from. Food delivery apps may have just been a convenient way to get your bite before the Covid-19 pandemic, sparing one the hassle of going to the restaurant after a long day at work.

Zomato to soon deliver dietary, skin supplements, says CEO Deepinder Goyal

In a tweet, Goyal said: “Functional foods.. coming soon to your favourite food app. @zomato”. The product pictures show Zomato branding on the supplements, and in response to a user, Goyal said the products were “Made in India. Highest possible levels of quality checks.” In another tweet response, Goyal said the supplements will be delivered by Zomato delivery agents “in an average of 25 minutes”. These functional foods or dietary supplements are usually called nutraceuticals, and are derived from herbal products, minerals, vitamins and dietary substances which are consumed for their physiological benefits or to boost immunity against diseases. There was equal amounts appreciation and apprehension among Twitter users about the announcement.

Zomato s valuation crosses $5 4 billion, after raising $250 million

Food delivery giant Zomato has raised another $250 million in primary fundraise from existing and new investors, ahead of its expected initial public offering (IPO) this year. Info Edge (IE), which is an existing shareholder in Zomato said in a stock exchange filing that the transaction has taken the post-money valuation of the company to $5.4 billion. This is an increase from its previous valuation of $3.9 billion in December last year when it closed a $660 million primary financing round. “On a fully converted and diluted basis, Info Edge’s effective stake in Zomato stands at 18.4 per cent,” said Info Edge in the stock exchange filing.

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