Business Business: Food delivery platform Zomato’s fast-commerce arm Blinkit has launched a new food delivery app called Bistro. Zomato shares were trading at Rs 286.50 on the stock exchange on Friday.
This is Zomato’s second attempt to deliver food within 10 minutes after Zomato Instant. E-commerce companies like Blinkit and Zepto have expanded very fast. These companies started delivering food about three years ago and clothes and medicine this year. Blinkit’s Bistro, Zepto Cafe and Swiggy Bolt offer samosas, sandwiches, coffee, pastries and other ready-to-eat items. The Bistro app is currently available on the Android Play Store but not on the Apple App Store.
The share price of food delivery platform Zomato has risen 138% in the last one year. On December 13, 2023, the share price of Zomato was Rs 120. The share price of the food delivery company reached Rs 286.50 on December 13, 2024. The shares of this company have increased by about 55% in the last six months. On June 13, 2024, the share price of Zomato was Rs 184.90. On December 13, 2024, the share price of the company reached Rs 286.50. Zomato shares are up 130% year-on-year. In the last 52 weeks, the share price of this company was Rs 304.50. At the same time, in the last 52 weeks, the company’s Zomato took a big step and launched a new app, the lowest price of the years was Rs 116.
