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In the December quarter, Zomato s food delivery margin rose despite an increase in the active restaurant base and a weak demand environment while quick commerce saw a better contribution margin, despite an accelerated increase in dark stores. ....
Zomato Block Deal: Alipay "wants to cash out . the (market) timing is good," said the first source, referring to the rapid rise in Zomato s shares in recent months. The block deals are set to be executed at 111.28 rupees per share, a 2.2% discount to Zomato s close on Tuesday, the term sheet said. ....
Bank of America and Morgan Stanley acted as advisers to the deal. Among the buyers in the deal were marquee funds including Goldman Sachs, Fidelity Investments, Morgan Stanley, Vanguard, Societe Generale, ADIA. ....
Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private. ....