Swiggy and Zomato’s Blinkit followed suit and launched ... which includes seven EatSure food courts, three Oven Story dine-in outlets, and 12 Wendy’s outlets. The Temasek- and KKR-backed ...

EatSure’s co-founder and CEO. Swiggy and Zomato shares have corrected around 32% and 21% over the last three months given concerns around increasing cash burns in Quick commerce (QC).

Cofounder and India CEO Ankush Grover of the homegrown cloud kitchen startup, said it plans to scale up the number of outlets of the US fast-food chain Wendy’s from 200 to 500 in the next three years.

BofA downgrades Zomato and Swiggy: Following the report, the share price of Zomato fell 3% in Wednesday’s trade to Rs 203.20. The quick commerce shares may be the toast of the town but BofA ...

Shares of Zomato and Swiggy depreciated on Wednesday after brokerage firm BofA Securities downgraded the shares and slashed target prices amid slow growth in the quick commerce space. This comes ...

The shares of food delivery majors Zomato and Swiggy plunged on March 26 after Bank of America (BofA) Securities downgraded the two stocks. Zomato shares tumbled nearly 3 percent to trade at Rs ...

Zomato was downgraded to neutral from buy and Swiggy to underperform from buy as the two companies are expected to lag BofA’s adjusted EBITDA consensus. Investment ratings are given by stock ...

Global brokerage firm BofA Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth ...