Is Zomato a good investment?

Is Zomato a good investment?

Revenue from operations came in at Rs 1,112 crore, up 82.47 per cent against Rs 609.4 crore in the year-ago quarter. The Deepinder Goyal-led company also declared a consolidated exceptional gain of Rs 316 crore in the December quarter. “Zomato is taking a very strategic and long-term approach to build its business.

Which company has invested in Zomato?

Bengaluru: Zomato, a food-delivery and restaurant discovery platform has informed the Indian stock exchanges that it is investing in digital advertising company, Adonmo and in food ordering system, UrbanPiper. The deals have been approved by the company’s board of directors.

Is Zomato making profit?

Zomato’s revenue from operations surged to ₹2,118 crores in the year ended March 2021 from just ₹466 crores in FY18. But while food aggregators like Swiggy and Zomato were finally set to become sustainable, there was a war brewing between restaurant owners and aggregators.

How did Zomato get investors?

Zomato investors

Date	Investors	Round
Dec 2020	Tiger Global Management Baillie Gifford Steadview Capital Luxor Capital Mirae Asset Capital Kora Management D1 Capital Partners	Late VC
Feb 2021	Tiger Global Management Fidelity Dragoneer Investment Group Kora Management Bow Wave Capital Management	Late VC

What is the future of Zomato?

Zomato is seen to have a largely untapped market and a potential of a large growth in users. India is expected to have around 110 million households by 2025 with an annual income of more than Rs 5.5 lakh. Majority of these will be urban, adding to the opportunity ahead for Zomato.

Why Zomato share is in loss?

Zomato posted a net loss of ₹1,222 crore for the March quarter — which swelled by ₹400 crore since last year. The company had given too many discounts during the quarter loading its expenses which is nearly 40% more than the revenues it earned in FY22.

Does Zomato work in USA?

From swanky upscale restaurants to the cosiest hidden gems serving the most incredible food, Zomato covers it all. Explore menus, and millions of restaurant photos and reviews from users just like you, to find your next great meal.

Is Zomato debt free?

The company has shown a good revenue growth of 66.54% for the Past 3 years. Company is virtually debt free.

Who has bigger market share Swiggy or Zomato?

Zomato versus Swiggy: Swiggy valuation stands at $10.7 billion; why is Zomato in focus? – Check this report here. The day when Zomato shares hit a lower circuit of 20 per cent for the first time, the rival Swiggy did fundraising of $700 million and the valuation now stands at $10.7 billion.

Is Zomato under loss?

Food delivery firm Zomato said on Monday its consolidated net loss for the quarter ended March widened to Rs 360 crore compared to Rs 134.2 crore the same time last year. Revenue from operations were at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year.

Is Zomato currently in loss?

Food delivery company Zomato saw its net loss narrow by 81 per cent year-on-year (YoY) to Rs 66 crore in the December quarter (Q3). Meanwhile, its revenue rose 86 per cent YoY to Rs 1,112 crore in Q3.

Is Zomato at a loss?

Food delivery platform Zomato on Thursday reported a narrowing of its net loss at Rs 63 crore for the quarter ending December 31, 2021 helped by a gain, while revenue jumped due to increased demand for restaurant meals. It reported a net loss of Rs 353 crore in the year-ago period.

Who is Zomato owner?

deepinder goyal: Zomato CEO Deepinder Goyal says company won’t make any new minority investments – The Economic Times.

Who invested in Swiggy?

Mumbai | Bengaluru: Swiggy has raised $1.25 billion from SoftBank Vision Fund II and existing investors Prosus (formerly Naspers), Accel and Wellington Management, in its biggest funding round since inception. The company is now valued at $5.5 billion post-money, said people aware of the details.

Does Zomato have Chinese investment?

Zomato in October 2018 had raised $210 million from Alibaba’s payment affiliate Ant Financial Services, Alipay Singapore Holdings Pte Ltd. In this investment round, Ant Financial Services had received ownership of a stake of over 14.7% in Zomato.

Which share is best to buy?

Stocks to Buy Today: Best Shares to Buy in India

Name	LTP	Low
Bajaj Auto	3,715.90	3,665
Bajaj Finance	5,373.45	5,343
Bajaj Finserv	11,374.30	11,339
Bharti Airtel	655.10	648

How is Zomato better than Swiggy?

Reviewers felt that Zomato meets the needs of their business better than Swiggy. When comparing quality of ongoing product support, reviewers felt that Zomato is the preferred option. For feature updates and roadmaps, our reviewers preferred the direction of Zomato over Swiggy.

Is Zomato overvalued?

Zomato listed on the NSE on July 23 opening at Rs 116 and reaching a high of Rs 138.90. Noted valuation expert Aswath Damodaran said that the company is currently overvalued and the shares should be worth Rs 41.