Restaurants | inves4: Indian Equity Investing

Deepinder Goyal reveals Zomato delivery partners’ average income amid gig economy debate: Here’s how much they earn

Zomato CEO Deepinder Goyal shared a fact sheet detailing the average income of the company’s delivery partners, among other details, following a recent exchange with popular YouTuber Dhruv Rathee on X (formerly Twitter). The move came after Rathee questioned the company’s pay practices and called for transparency around gig workers’ earnings, prompting Goyal to publicly … Read more

Sapphire Foods to merge into Devyani creating a single unified Yum! India Franchisee

Key Highlights of the Proposed Transaction: Merger of Sapphire Foods India Limited (SFIL) with and into Devyani International Limited (DIL) through a share-swap mechanism. Swap Ratio: 177 equity shares of DIL to be issued for every 100 equity share of SFIL. This is similar to their current respective valuations and there is no real arbitrage … Read more

Swiggy, Zomato say new labour code won’t hurt business, analysts see rising cost

Swiggy and Eternal (formerly Zomato) told stock exchanges that India’s new labour codes, rolled out Friday with immediate effect, would not have any “material impact” on their business. But analysts say the math points the other way: once the mandated contributions kick in, the Code on Social Security 2020 (CoSS), levy is likely to push … Read more

Zomato to share customer contact with restaurants

In a win for the restaurant industry, Zomato has agreed to share customers’ phone numbers with eateries after seeking consent from users, the National Restaurant Association of India (NRAI) said. The restaurant industry had been at loggerheads with food delivery platforms – Zomato and Swiggy – over their refusal to share consumer data, which the … Read more

Why Swiggy is cancelling its Rapido ride

Swiggy had to make a decision: It had made a strategic investment in Rapido three years ago, but the ride-sharing company was now eyeing its stronghold of food delivery. Finally, in July, Swiggy chose to sell the 12% Rapido stake that it had bought for $180 million in 2022. With this, Swiggy kills two birds … Read more

Devyani acquires Sky Gate getting access to it’s 3 brands

Devyani has acquired 80.72% stake in Sky Gate Hospitality (SGH). Founded in 2015, SGH is the owner of popular brands including Biryani by Kilo, Goila Butter Chicken and The Bhojan Its two other brands – Get-A-Way and Krazy Kebab Co – will get disinvested over the next nine months. SGH operates 100 outlets in 40 … Read more

Devyani International

Nesco wins bid for a new business line

The Company has been adjudged as the highest bidder for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on lease basis. The contract is awarded by National Highways Logistics Management Limited – a 100% owned SPV of National NHAI, Under Ministry of Road Transport and … Read more

Zomato approves a significant QIP raise

Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more