Zomato had a huge New Year’s Eve! They delivered more food than ever before, which made them happy and their stock price go up. To make even more money, they raised their delivery fee a bit (to Rs 4).
Their quick delivery service, Blinkit, also had a great night, breaking their records for orders.
However, the party isn’t over yet. The taxmen in Delhi and Karnataka want Zomato to pay more money (Rs 4.2 crore!) because they say Zomato didn’t pay enough taxes. Zomato disagrees and will fight it.
So, it’s been a wild ride for Zomato lately! They’re happy with their New Year’s Eve success, but they’ve also got some tax issues to deal with.
