zomato - NewNerve

In the ever-changing landscape of the stock market, it's always exciting to witness certain stocks reaching new heights. Last Friday, Zomato and PB Fintech were among the six stocks that achieved new 52-week highs. This article delves into the significance of these milestones and provides an overview of the performance of these companies. Zomato's Remarkable Surge: Zomato, the popular online food delivery platform, has witnessed a meteoric rise, with its stock hitting a new 52-week high of Rs 191.8. Over the past year, Zomato's stock has experienced an impressive growth of 270%, reflecting the market's confidence in its business model and growth prospects. The company's ability to adapt to changing consumer preferences and capitalize on the burgeoning food delivery market has contributed...

In a significant development, Magicpin, the hyperlocal e-commerce startup backed by Zomato, bids farewell to one of its co-founders. Brij Bhushan, who co-founded Magicpin in 2015 alongside Anshoo Sharma, recently announced his decision to step away from the company. As a journalist, let’s delve into the details of this departure and its implications. The Rollercoaster Journey Bhushan’s LinkedIn post reveals a nine-year journey filled with highs and lows. He describes it as a “rollercoaster,” emphasizing growth, challenges, and profound learnings. Now, he believes it’s time to take a step back, leaving Magicpin in capable hands. Magicpin’s Resilience Amidst Adversity Covid-19 Resilience: When the pandemic threatened Magicpin’s existence, the team fought back. T...

Tag: zomato

Breaking Records: Zomato and PB Fintech Among 6 Stocks Touching New 52-Week Highs

Zomato-Backed Startup Magicpin: Co-Founder Brij Bhushan’s Exit and What It Means