Latest news with #DeepinderGoyal
India.com
3 days ago
- Business
- India.com
Masterstroke by Deepinder Goyal as Zomato co-founder announces his entry in THIS sector, millions of people to benefit, his new plan is...
New Delhi: In a major move that promises to make air travel more accessible for the common man in India, Zomato co-founder Deepinder Goyal has announced his entry into the aviation industry. According to a report by CNBC TV18, Surbhi Das, co-founder of LAT Aerospace, in her Linkedin post said that the two have been quietly working on a new aviation startup for some time. The motive behind the move is to provide affordable and high-frequency air services to people in smaller cities across the country. According to the reports, Goyal is personally venturing into the aviation sector and has backed former Zomato employee Surbhi Das in launching LAT Aerospace. What did Deepinder Goyal say? It is important to note that Deepinder Goyal is the non-executive founder of LAT Aerospace. According to the CNBC-TV18 report, the company has raised USD 50 million so far, with Goyal himself investing USD 20 million. Goyal said, 'Imagine buses in the sky—affordable, frequent, and connecting places that traditional airlines have overlooked. Our aircraft will take off from and land at small 'air-stops' that are the size of a parking lot and will be built close to people's homes. No crowds, no long lines for security checks—just walk in and fly.' Why LAT Aerospace? The main aim behind LAT Aerospace is to make air travel as easy and convenient as taking a bus. India has over 450 airstrips, but only around 150 of them are currently used for commercial flights. The startup believes that a large part of India's aviation infrastructure remains untapped. Their goal is to build a dense air network in Tier 2 and Tier 3 cities The company aims to tap into this hidden potential—where people often waste hours or even days traveling by road or rail. LAT's aircraft will operate from small air-stops that require minimal space for landing and take-off This will eliminate many issues associated with traditional air travel — such as long journeys to airports, tedious security checks, and delays. Passengers will be able to reach the air-stop directly, board the aircraft, and make flying a part of daily life. Where Did the Idea Come From? The idea of LAT Aerospace emerged after Surbhi Das personally experiencing the current state of India's air travel system. She said, 'We (Goyal and I) kept coming back to the same question — why is regional air travel still so poor? It's expensive, infrequent, and out of reach for common people unless you live in a metro city.' This idea eventually evolved into an alternative to traditional air travel — a system that is demand-based, low-cost, and offers frequent flights, essentially creating a 'bus network in the sky.' LAT Aerospace is not just bringing new aircraft; it's building an entirely new aviation ecosystem. Startup looking to expand its team The company is now planning to expand its team and is inviting aerospace engineers, system designers, and aviation enthusiasts to join its mission. However, it is important to note that the venture still has to overcome several hurdles such as regulatory approvals, technological feasibility, and public acceptance.
Time of India
3 days ago
- Business
- Time of India
Aviation foray: Zomato's Deepinder Goyal backs LAT Aerospace, aims to disrupt regional air travel with compact air-stops
Zomato co-founder Deepinder Goyal is venturing into the regional aviation space with LAT Aerospace, a startup that aims to redefine short-haul air travel in India, according to a LinkedIn post by LAT co-founder Surobhi Das. 'While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air travel still so broken—expensive, infrequent, and mostly out of reach unless you live in a metro?' Das wrote, quoted PTI. India has over 450 airstrips, but fewer than 150 see regular commercial operations. That means nearly two-thirds of the country's aviation potential remains untapped, even as millions in Tier 2 and Tier 3 cities spend hours—sometimes days—travelling by road or rail, the post added. Outlining the vision for LAT Aerospace, Das said the company envisions 'buses in the sky—affordable, high-frequency, and designed to connect the places the airline industry overlooked.' The startup plans to build 'air-stops'—compact takeoff and landing zones, no bigger than a parking lot—closer to residential areas. 'No chaos. No security lines. Just walk in and fly,' she said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
15-06-2025
- Business
- India.com
Masterstroke by Amazon as company officially enters quick commerce race with…, Blinkit, Zepto, and Swiggy Instamart plan to…
New Delhi: In a major development, e-commerce giant Amazon has launched its Amazon Now service in three pin codes of Bengaluru. Amazon Now, which is the company's official entry into the ultra-fast delivery segment, will now compete with rivals Blinkit, Zepto, and Swiggy Instamart which already dominate the market. According to a Moneycontrol report, the launch follows a pilot that began in December 2024 and indicates the company's intention to regain market share, as Indian consumers increasingly move from traditional 1–2 day deliveries to rapid 10–30 minute deliveries for daily essentials and groceries. The American e-commerce giant is likely to expand the service to other places in Bengaluru in coming weeks before scaling it to other cities. It is important to note that Amazon NOW's entry comes at a time when quick commerce platforms are not only witnessing quick adoption but are also starting to capture the share of legacy e-commerce players like Flipkart and Amazon itself. According to a recent report by Flipkart and Bain & Company, over two-thirds of online grocery orders and about 10 percent of overall e-retail spending in 2024 occurred on quick commerce platforms. To recall, Eternal (formerly Zomato) founder Deepinder Goyal earlier had said that the quick commerce firms were burning over Rs 5,000 crore each quarter—with Zepto alone accounting for more than half of that. Industry leaders have already been bracing for a more competitive phase. 'Our view is that competition is going to intensify further from here in the near term…We will aggressively look to grow our market share, especially in the face of heightened competition, and will not let any short-term profitability goals come in the way of that,' Eternal CFO Akshant Goyal said in a letter to shareholders following its Q4FY25 results.
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Business Standard
03-06-2025
- Business
- Business Standard
Eternal up 2% on heavy volumes; Morgan Stanley maintains overweight rating
Eternal share price: Food aggregator Eternal, formerly known as Zomato, shares rose as much as 1.92 per cent to hit an intraday high of ₹245.95 per share on Tuesday, June 3, 2025. However, at 11:30 AM, Eternal shares were trading 0.75 per cent lower at ₹239.50 per share. In comparison, BSE Sensex was trading 0.46 per cent lower at 80,998.58 levels. Triggers behind the uptick in Eternal share price Eternal's share price surged in trade today, driven by strong volumes and a bullish outlook from Morgan Stanley. By 11:30 AM, trading activity was robust, with 10.95 million shares changing hands on the BSE worth ₹266.99 crore. On the NSE, volume was even higher, with 40.59 million shares traded worth ₹985.60 crore. Another major catalyst for the rally was Morgan Stanley reiterating its 'Overweight' rating on the stock, maintaining a target price of ₹320 per share. The brokerage also reaffirmed Eternal as its top pick, citing the company's market leadership in both food delivery and quick commerce segments, as well as a favourable risk-reward profile. Also Read: Eternal Q4 results Eternal's consolidated profit dropped 77.7 per cent year-on-year (Y-o-Y) to ₹39 crore in the March quarter of financial year 2025 (Q4FY25), from ₹175 crore in the March quarter of financial year 2024 (Q4FY24). The revenue from operations, also known as topline, climbed 63.8 per cent Y-o-Y to ₹5,833 crore in Q4FY25, from ₹3,562 crore a year ago (Q4FY24). At the operating level, earnings before interest tax depreciation and amortisation (Ebitda) dropped 16.3 per cent annually to ₹72 crore in Q4FY25, from ₹86 crore in the same quarter a year ago. About Eternal Eternal (formerly known as Zomato) is a leading global food-tech platform that connects users with a wide range of restaurant services, including restaurant discovery, online food ordering, and table reservations. Founded in 2008 by Deepinder Goyal and Pankaj Chaddah under the name Foodiebay, the company was later rebranded as Zomato (now Eternal). It began by offering restaurant listings and menu information, gradually evolving into a comprehensive platform catering to various aspects of the food and dining industry. Over the years, Zomato has expanded its services to include food delivery, grocery delivery, and other related verticals.
Hindustan Times
31-05-2025
- Automotive
- Hindustan Times
Check out the new Aston Martin DB12 Volante Palm Beach edition serving looks in ‘Frosted Glass Blue'
The Palm Beach Edition of the Aston Martin DB12 Volante has been created in collaboration with the brand's customisation arm called 'Q'. Check Offers Aston Martin Palm Beach, in collaboration with the brand's bespoke division Q by Aston Martin, has revealed a unique version of the DB12 Volante, designed to reflect themes inspired by the Palm Beach region. Aston Martin DB12 Volante Palm Beach Edition: Exterior This special edition DB12 Volante features a Frosted Glass Blue exterior, a Q-exclusive paint that uses fine glass flakes in the topcoat to produce a shimmering effect. Due to the complexity of the finish, it can only be applied by hand. The vehicle also includes Club Sport White pinstripes along the front splitter, side sills, and rear bumper and rides on Gloss Jet Black diamond-turned wheels. Exterior details such as aluminium side strakes also reference the palm motif. Also Read : Zomato CEO Deepinder Goyal buys India's first Aston Martin DB12 worth ₹ 4.59 crore Aston Martin DB12 Volante Palm Beach Edition: Interior Inside, the car adopts a nautical-themed duotone leather interior in Aurora Blue and Ivory, accented with Spicy Red stitching. A recurring palm-leaf motif appears throughout the cabin, including on the seat embroidery, centre armrest, and door sills. The dashboard features Palm Beach's geographic coordinates, while open-pore Linear Light Olive Ash wood trim was selected to resemble the texture of palm wood. Metal inlays on the seat backs are engraved with the words 'Palm Beach.' The interior features light shades along with premium wooden finishing, Pedro Mota, Regional President of Aston Martin The Americas, said the collaboration highlights the design flexibility offered by the Q by Aston Martin service. 'We have created an exceptional sports car that merges performance, artistry and luxury," Mota stated. Q by Aston Martin specialises in tailor-made commissions, offering clients a wide range of customisation options—from colour schemes to unique interior detailing. The Palm Beach Edition is one example of how local identity and personal preferences can shape the final design. While the car remains a one-off project, it reflects the growing trend of ultra-personalised vehicles among high-end manufacturers, especially in markets like South Florida, where luxury cars are often seen as extensions of individual style. Aston Martin DB12 Volante Palm Beach Edition: Engine and performance The engine inside is the same, AMG-sourced 4-litre V8 unit with a twin-turbo producing 662 bhp of power and 800 Nm of peak torque. This power is channelled to the rear axle through an eight-speed ZF automatic transmission, assisted by an electronic rear differential. It can achieve an acceleration of 0-100 kmph in just 3.7 seconds, trailing the coupe by only 0.1 seconds. It gets a top speed of 325 kmph. Check out Upcoming Cars in India 2024, Best SUVs in India. First Published Date: 31 May 2025, 15:30 PM IST
