Zomato stops accepting new users temporarily on its UPI platform to include feedback
In May of this year, Zomato announced the introduction of its own Zomato UPI service in collaboration with ICICI Bank, ready to compete with Google Pay and PhonePe.
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Zomato slips to record lows as lock-in expires, falls over 11%
Both the BSE and National Shares Exchange saw a 11.28% decline in the price of Zomato stock, to Rs 47 per share.
Zomato reports ₹430 crores of loss in Q2 results
Zomato said the losses increased due to investments in the development of the food delivery industry, boosted fundings on branding and marketing for consumer procurement.