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Zomato felicitates winners of the Plastic-Free Orders Packathon
Mumbai: Zomato, India’s food ordering and delivery platform, today announced the winners of its ‘Plastic-Free Orders Packathon’, at an event held in New Delhi. Launched in partnership with Startup India, the ‘Plastic-Free Orders Packathon’ was aimed at encouraging innovation in sustainable packaging for food delivery orders. At the event, the 10 shortlisted startups pitched their pioneering solutions to the jury and an audience of over 100 people, including Zomato’s restaurant partners, 14 plus startups, technical experts and sustainability students and enthusiasts. Bambrew, Go Do Good Studio and Frenvi were selected as the top three winners for their solutions and have been awarded prizes worth Rs 10 lakhs, five lakhs, and three lakhs, respectively.
Over 85 startups from 18 states across the country shared their sustainable packaging solutions that ranged from innovative plastic-free barrier coatings made of materials like seaweed and plant-based gums, compostable carry bags to edible cutlery. 34 of these startups were partially or fully led by women entrepreneurs. The pitches made by the 10 shortlisted startups were judged on the innovative nature of the materials used, their functionality, cost efficiency, design and aesthetics, among others. These startups also got an opportunity to display their sustainable packaging solutions to the audience at a simultaneous exhibition at the event.
Speaking on the initiative, Zomato chief sustainability officer Anjalli Ravi Kumar said, “We are overwhelmed with the response received on the ‘Plastic-Free Orders Packathon’, an initiative that stemmed as a response to the growing concern over environmental sustainability in the food ordering and delivery industry. Acknowledging start-ups’ pivotal role in catalyzing innovation, we partnered with the Government of India’s flagship initiative Startup India to address this critical requirement. It is inspiring to see startups across the country stepping up with groundbreaking solutions for eco-friendly packaging solutions in the food ordering and delivery industry. The enthusiastic participation of women entrepreneurs underscores the inclusive nature of this initiative, highlighting their pivotal role in shaping a sustainable tomorrow. The ideas showcased by all the startups participating in the event have the power to revolutionise the overall packaging practices, thereby setting a new standard for the industry. We look forward to witnessing the impact of their initiatives in driving a positive change towards a greener future.”
The jury for the event was composed of Zomato CEO, food delivery Rakesh Ranjan; Hasirudala Innovations co-founder & CEO Shekar Prabhakar; Chaayos co-founderRaghav Verma; Biryani By Kilo founder and CEO Vishal Jindal, and Indian Institute of Packaging director Dr. Tanweer Alam.
In line with its objective to reduce the carbon footprint of food deliveries, Zomato has implemented multiple initiatives by employing its ‘reduce, recycle, and reward’ approach. The company recently announced its 2030 sustainability goals, committing to 100 per cent plastic-neutral food deliveries every year and 100 million plastic-free orders by 2025. Through initiatives such as defaulting to ‘Do not send cutlery’ on its app, which was introduced in 2021, the company reduced cutlery waste by 1,000 MT within two years of its inception.
Since FY 23, Zomato has recycled 30,000 MT of plastic waste, 1.5X of the weight used by restaurant partners for Zomato food order deliveries. Zomato has also launched a program to recognize restaurants shifting to plastic-free alternatives, further reinforcing their commitment to sustainability.
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Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
