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Zomato Q3 FY24 Results: Growth Hits a Speed Bump šØš Zomatoās Q3 numbers are out, and the results paint a picture of slowing momentum in its food delivery business. š Key Numbers: - Gross Order Value (GOV): Grew by just 2% QoQ to ā¹7,318 crore, down from a 3% growth in the previous quarter. - Order Volumes: Flat, indicating demand stagnation. -Average Order Value (AOV): Increased marginally, likely due to Zomato Gold benefits. - Adjusted Revenue: Up by 9% QoQ, thanks to improved monetization. - Adjusted EBITDA: Food delivery turned profitable for the fourth consecutive quarter, driven by cost optimizations. š The Challenges: 1ļøā£ Demand Slowdown: A muted 2% growth suggests that broad-based demand weakness is hitting both metros and non-metro markets. 2ļøā£ Volume Stagnation: Flat order volumes signal that market saturation or cautious consumer spending might be at play. 3ļøā£ Competitive Pressure: Swiggyās aggressive offers and discounts are intensifying the battle for market share. The Bright Spots: - Profitability Focus: Food delivery EBITDA margins improved as Zomato cut delivery costs and optimized discounts. - Zomato Gold Revival: The program added 16 million subscribers, offering some hope for boosting AOVs in future quarters. - Hyperpure Growth: Zomatoās B2B arm Hyperpure grew 8% QoQ, diversifying its revenue streams. Is there A Bigger Picture? š® Yes, with ā¹7,318 crore GOV, Zomato remains a leader, but the 2% QoQ growth is far from the 10%+ it enjoyed in earlier phases. For sustained growth, Zomato must: - Expand beyond urban hubs to capture untapped markets. - Double down on new revenue streams like grocery and dining-out services. - Navigate a weaker macroeconomic environment, which is dampening discretionary spending. š¬ Whatās your take? Is Zomato evolving enough to tackle these challenges, or is it stuck in a low-growth phase?
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From Farm to Fame: How Hyperpure Became Zomatoās Secret Sauce When Zomato acquired a little known startup called WOTU in 2018, few imagined it would grow into a powerhouse. Rebranded as Hyperpure, the venture set out to transform Indiaās restaurant
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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.
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Whatās Growing: ⢠Blinkit NOV: ā¹9,200āÆcr (+127% YoY); users +123%; 1,544 dark stores (target: 2,000 by Decā25). ⢠Food delivery: GOV +16%, NOV +13%, orders +10% QoQ. ⢠District: ā¹8,000āÆcr annualised NOV, 2M users, ā¹1,700/order. ⢠Hyperpure: +89% YoY.
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Zomato Has 4 Major Apps Now ⢠Zomato (Food Delivery) ⢠Blinkit (Quick Commerce) ⢠Hyperpure (Ingredients & Supplies) ⢠District (Movies, Event, Going Out) While Swiggy Has One Application For Food Delivery, Quick Commerce and Dining BookMyShow is
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Just a little over three months after introducing its 15-minute food delivery option, foodtech giant Zomato is discontinuing its āQuickā service. In a letter to shareholders, Zomatoās parent company, Eternal, also announced plans to wind down its me
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Zomatoās platform fee hike to ā¹10 reflects rising operational costs and the need for sustainable revenue models in a competitive market. While ā¹10 may seem small, it could affect frequent users. Zomato must justify this increase by improving delivery
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When you make an order in Zomato, the minimum order value is 1200 for free delivery, whereas it is just 200 in Blinkit Why? Also the delivery charge is 55 rupees for 4 kilometres in Zomato and 30 rupees in Blinkit(assuming the dark store is 4km from
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Why Zomatoās Name Change to "Eternal" is a Game-Changer! Zomato is now Eternal Ltd, and hereās why itās a smart move: ā Beyond Food Delivery ā Zomato isnāt just about food anymore! With Blinkit (quick commerce), Hyperpure (restaurant supplies), a
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