Blinkit and Zepto almost cover their cost, and start to make a profit.
Zomato also plans to invest 300 crore.
It's difficult to say who will win.
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Aakash kashyap
StealthĀ ā¢Ā 4m
Zomato made ā¹12,114 crore in FY24, growing 71% mainly through food delivery, Hyperpure, and Blinkit. Despite expenses of ā¹12,670 crore, including procurement and delivery costs, Zomato turned profitable with ā¹351 crore profit after tax.
Monthly Active Users of Quick Commerce
ā¢ Blinkit - 4.3 Crore
ā¢ Zepto - 3.9 Crore
Quick Commerce Platforms in India are Burning Nearly ā¹1300-ā¹1500 Crore Every Month
Zomato Invests 500Cr in BlinkIt.
Zomato has been raising heavy cash recently whose consequence is this. Remember What deepinder said ? " BlinkIt will be bigger than Zomato ". He seems to be very bullish over Qcom ( BlinkIt )
What's Your Views on
Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25.
Meanwhile, the company's net profit jumped to Rs 253 crore.
During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,
Even EdTech companies are finding it difficult to grow while gambling companies are tripling their revenue!
And the best part, it is profitable with ā¹100 crore+ profit
šØ Zomato is Planning To Raise Over ā¹4185 Crore Through QIP as Per Media Reports
Zomato Has Cash Reserves of ā¹12,539 Crore
Swiggyās IPO Size is Around ā¹11,664 Crore
Zomato Being Aggressive, Crucial Timings
