Zomato, India’s top food delivery and quick commerce platform, has been slapped with a tax bill of $94.5 million. The Indian tax authority has ordered the $32 billion firm to pay 401.7 crore in allegedly unpaid gross goods and services tax (GST) for the period between October 29, 2019, and March 31, 2022. The order […]

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Swiggy has expanded its 10-minute food delivery service to more than 400 cities and towns across India.

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Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO. The food delivery and quick-commerce giant issued approximately 336.5 million shares priced at ₹252.62 each ($3) in a qualified institutional placement, according to a stock exchange filing on Friday. The fundraise saw strong participation […]

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