India's Zomato reported a smaller-than-expected rise in profit for the second quarter on Tuesday as margins took a hit from investments on growing "dark stores" used to fulfill online orders on its Blinkit quick commerce platform.

Zomato plans to raise 85 billion rupees through share issuance and aims for 2,000 stores by 2026 amid increasing competition in the food delivery market.

Food delivery giant Zomato‘s posted its second-quarter results on Tuesday, which showed its profits skyrocketing by nearly 400%. What Happened: Zomato posted a net profit of ₹176 crore in the July to September period,

(Reuters) - India's Paytm reported its first-ever quarterly profit since listing, helped by a one-time gain from the sale of its entertainment ticketing business to Zomato.

India's Paytm reported a narrower sequential quarterly loss before exceptional items on Tuesday, as its digital payments business recovers from the central bank-ordered winding down of its banking unit earlier this year.

One 97 Communications, the parent firm of Paytm reported its second-quarter results on Tuesday following which shares dived by nearly 4%. What Happened: The fintech giant posted a 34% decrease in operational revenue to ₹1,