Who is investor in Zomato?

Who is investor in Zomato?

Zomato connects over 55 million users to restaurants in 24 countries. It is backed by investors such as Tiger Global, Temasek, Baillie Gifford, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, Steadview, and Ant Financial.

Which company owns Zomato?

Zomato (/zoʊmɑːtoʊ/) is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008….Zomato.

Why Zomato is in loss?

The increase in fuel prices does increase Zomato’s delivery cost. “One could say that part of our progress on improving contribution margin is getting pulled back because of fuel price increase, as we haven’t yet fully passed on the incremental cost to customers,” said Deepinder Goyal.

What is the revenue of Zomato?

Zomato’s operating revenue rose 82% to ₹1,112 crore from ₹609.4 crore in the year ago. Operating revenue stood at ₹1,024 crore in the previous quarter. The stock rose 0.32% to ₹94.50 on Thursday.

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.

Who has the largest stake in Zomato?

Meet Zomato CEO Deepinder Goyal, who has turned a startup into a multi-crore company. China’s Ant Group holds a 16.53% stake in Zomato, while its top shareholder is Info Edge (India), which holds an 18.55% stake.

Which is bigger 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 a profit?

More than 90% of Zomato’s business is from repeat monthly customers. The Ant Group-backed firm incurred a net loss of ₹359 crore in FY22 despite a 75% growth in revenue. Akshant Goyal said the competitive intensity will be a good window for Zomato to scale up quickly without higher expenditure.

Will Zomato make profit?

In conclusion, we believe Zomato (having all the characteristics of a new-age tech company) led by a good management with strong execution capabilities, aiming to transform the eating habits of the large Indian consumer base has a huge runaway for a high and profitable growth in the years to come.

Is Zomato a debt free company?

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

Is Swiggy losing to Zomato?

Food delivery majors Zomato and Swiggy both reported their earnings for the fiscal year 2021, with both companies reporting a net reduction in their losses.

Why is Zomato not profitable?

Higher losses were due to increased spending on branding and marketing; growing share of smaller and emerging geographies (which are less profitable); and increased delivery costs. Zomato, the online food delivery platform, on November 10 announced its July-September quarter results for the financial year 2021-22.

How much is Zomato debt?

RETURN ON ASSETS

Will Zomato shut down?

Food delivery company Zomato to ‘divest or shutdown’ non-core business. It sees an opportunity to grow the food delivery market at least 10x over the next few years, and is planning to invest over $50 million in Hyperpure (B2B supplies for restaurants).

Is Zomato going to close?

Zomato shuts down the last of its international businesses; announces new investments – BusinessToday.

Which is the No 1 food delivery company in India?

Swiggy. Swiggy is the top-rated mobile app, based in Bengaluru, India. With close to 1,500,000 downloads in the Google Play store, Swiggy has been rated the No. 1 online food delivery app in India and is currently available in almost every city across the country.