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Zomato's B2B Biz: Hyperpure Q3 Revenue Close To INR 1,000 Cr

Inc42 · 1y ago

Zomato's B2B Biz: Hyperpure Q3 Revenue Close To INR 1,000 Cr

Zomato's B2B restaurant supplies business, Hyperpure, has seen over 2X YoY growth in revenue, reaching INR 859 Cr in Q3 FY24. To further expand Hyperpure, Zomato plans to set up a processing plant for value-added food supplies, including sauces, spreads, and semi-finished perishable products. With the potential to become as big as or even larger than its food delivery business, Hyperpure aims to bring more restaurants into its revenue fold and maximize earnings from restaurant partners as its active partner base continues to grow.

Related News

Zomato parent’s least flashy business may be its strongest moat

Economic Times

Economic Times · 8d ago

Zomato parent’s least flashy business may be its strongest moat

Eternal's B2B unit, Hyperpure, became EBITDA-positive in Q3FY26, marking a strategic advantage. Operating within Eternal, which also manages Zomato and Blinkit, Hyperpure enhances restaurant supply chains and is critical to Zomato's consumer services. With a consolidated net profit increase of 73% YoY and 201% YoY operational revenue growth, its integration aids Hyperpure's financial transition. Aiming for $1 billion topline within three years, Hyperpure helps optimize restaurant operations and supports Blinkit by enhancing procurement efficacy.

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Inc42 · 1y ago

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.

Zomato Q3: Blinkit Posts Second Consecutive Contribution Positive Quarter

Inc42 · 1y ago

Zomato Q3: Blinkit Posts Second Consecutive Contribution Positive Quarter

Zomato's subsidiary Blinkit, the quick commerce vertical, continued its growth and achieved contribution positive status for the second consecutive quarter. In Q3 FY24, Blinkit's revenue reached INR 644 Cr, compared to INR 301 Cr in the same period the previous year. The contribution margin as a percentage of gross order value (GOV) improved to 2.4% in Q3 FY24. Zomato also reported a quadrupled consolidated net profit of INR 138 Cr and a 68% YoY increase in operating revenue to INR 3,288 Cr in Q3 FY24.

Blinkit rides on Hyperpure’s supply chain

Money Control

Money Control · 2y ago

Blinkit rides on Hyperpure’s supply chain

Zomato is integrating its B2B grocery unit, Hyperpure, with Blinkit, a grocery delivery app acquired last year. This move aims to enhance Blinkit's unit economics and overall business performance. The integration is part of Zomato's strategy to strengthen its quick commerce operations.

Hyperpure eyes home bakers, caterers amid Blinkit model shift - The Economic Times

Economic Times

Economic Times · 4m ago

Hyperpure eyes home bakers, caterers amid Blinkit model shift - The Economic Times

Hyperpure, Zomato's grocery supply division, seeks to expand its customer base to home bakers, caterers, and small vendors as it faces revenue decreases. This follows its withdrawal of grocery supplies to Blinkit, Zomato's quick-commerce platform, which now uses an inventory-led model, trimming over 60% of Hyperpure's income. With anticipated revenue decline, Hyperpure broadens services, enhances supply chain capabilities, and leases warehousing space to strengthen operations amid competitive pressures from Swiggy and Udaan.

Zomato Gains Over 4% To Touch New 52-Week High

Inc42 · 1y ago

Zomato Gains Over 4% To Touch New 52-Week High

Zomato shares surged over 4% to reach a new 52-week high, following strong Q3 earnings. The company's consolidated profit after tax almost quadrupled, driven by growth in its quick commerce business. Zomato's food delivery business saw a 6.3% sequential growth in gross order value, while its Hyperpure vertical experienced over 2x YoY revenue growth. Brokerages such as Jefferies, Nuvama, HSBC, and Kotak have also increased their price targets on Zomato.

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

Entrackr

Entrackr · 8d ago

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54% Gurugram-based foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q3 FY26 on Wednesday. The company reported a 54% increase in profits during the period. Eternal’s revenue from operations grew 3x to Rs 16,315 crore in Q3 FY26, contrasting Rs 5,405 crore in Q3 FY25, according to the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). The major surge in revenue is attributed to its inventory-led approach in the quick commerce business. On a quarter-on-quarter basis, the company’s revenue rose by 20% from Rs 13,590 crore in Q2 FY26. Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 16% of the total revenue in Q3 FY26, growing 29% to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Revenue from the quick commerce segment (BlinkIt) saw significant growth, rising 75% to Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. Its B2B business, Hyperpure, saw a growth of 7% to Rs 1,070 crore during the third quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 16,663 crore in Q3 FY26. For the nine-month period, the company reported revenue of Rs 38,126 crore and is on track to cross the Rs 50,000 crore revenue milestone for the full fiscal year FY26. The cost of material accounted for 59% of the total expense, and this cost grew by 6.5X to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related charges increased by 64% to Rs 2,376 crore in Q3 FY26. Employee benefit cost rose 33% to Rs 914 crore, while spending on advertising and marketing almost doubled to Rs 937 crore in Q3 FY26. Overall, the company’s expenditure increased nearly 3X to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. With the company's revenue growth outpacing expense, its profit increased by 54% to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.01 to earn every rupee of revenue during the quarter ending December 2025. The company also informed the stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO and will continue on the board as Vice Chairman. At the end of today’s trading session, Eternal’s share price stood at Rs 283, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $30 billion).

Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion

Entrackr

Entrackr · 11m ago

Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion

Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion Food delivery and quick-commerce platform Swiggy Limited has announced an investment of up to Rs 1,000 crore (approximately $117 million) in its wholly owned subsidiary, Scootsy Logistics, to support business expansion and operational growth. The decision was approved at a board meeting held on February 21, 2025, where Swiggy outlined its plan to invest the amount in one or more tranches through a rights issue, as stated in its stock exchange filing. Swiggy confirmed that the investment will be made through cash consideration, with shares priced at Rs 7,640 per share, including a premium of Rs 7,630 per share. The funds will primarily be used for working capital and other capital expenditures to strengthen the company's logistics and supply chain operations. Scootsy Logistics specializes in supply chain services and distribution, including warehouse management, order fulfillment, and last-mile delivery solutions. The company has experienced significant revenue growth over the past three years, reporting a turnover of Rs 5,795.7 crore in FY24, compared to Rs 3,686.2 crore in FY23 and Rs 1,580.3 crore in FY22. In Q3 FY25, Scootsy contributed 42% of Swiggy’s overall operating revenue. Income from this entity increased by 23% QoQ to Rs 1,692 crore in Q3 FY25 from Rs 1,377 crore in Q3 FY24. Despite the investment, there will be no change in Swiggy’s shareholding in Scootsy, and the subsidiary will continue to operate under its existing structure. Swiggy expects this investment to enhance scalability, improve delivery operations, and strengthen its competitive edge in the market.

Biocon Biologics to sell branded formulations biz to Eris Life for ₹1,242 cr

Livemint

Livemint · 1y ago

Biocon Biologics to sell branded formulations biz to Eris Life for ₹1,242 cr

Eris Lifesciences is set to acquire the domestic branded formulation business of Biocon Biologics for INR 1,242 crore. This deal will allow Eris to enter India's injectables market with major insulin brands. The transaction is expected to be completed by April 2024 and will also mark Eris' entry into oncology and critical care. The acquisition will help Eris expand its diabetes care franchise and reach a revenue of INR 1,000 crore. Additionally, over 430 employees will transition from Biocon Biologics to Eris as part of the deal.

Zomato’s Hyperpure to set up plant for processing food

Inshorts · 1y ago

Zomato’s Hyperpure to set up plant for processing food

Zomato's B2B restaurant supplies business Hyperpure is working on setting up a plant to process food supplies like sauces, spreads, and pre-cut and semi-finished perishable products to expand its offerings for restaurants. The move is expected to expand margins and drive higher engagement with restaurant partners, the food and grocery delivery firm told investors.

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