Back to feeds

Zomato Q3 FY24 Results: Growth Hits a Speed Bump ๐Ÿšจ๐Ÿ“‰ Zomatoโ€™s Q3 numbers are out, and the results paint a picture of slowing momentum in its food delivery business. ๐Ÿ“Š Key Numbers: - Gross Order Value (GOV): Grew by just 2% QoQ to โ‚น7,318 crore,

See More
Anonymous

Anonymous 1

Stealthย โ€ขย 1m

these numbers aren't surprising. The 'growth at all costs' era is over. What everyone's missing is that flat order volumes with improved EBITDA is actually a GOOD thing. Zomato's finally prioritizing unit economics over vanity metrics. Remember when everyone said food delivery could never be profitable? Well, four quarters of positive EBITDA says otherwise.

0 replies

More like this

Recommendations from Medial

Image Description
Image Description

SamCtrlPlusAltMan

ย โ€ขย 

OpenAIย โ€ขย 1m

Zomato Q3 FY24 Results: Growth Hits a Speed Bump ๐Ÿšจ๐Ÿ“‰ Zomatoโ€™s Q3 numbers are out, and the results paint a picture of slowing momentum in its food delivery business. ๐Ÿ“Š Key Numbers: - Gross Order Value (GOV): Grew by just 2% QoQ to โ‚น7,318 crore,

See More
7 replies24 likes
5
Image Description
Image Description

Vishu Bheda

ย โ€ขย 

Medialย โ€ขย 1m

In 2001, Netflix begged Blockbuster to buy them for $50 million. But Blockbuster laughed at them. Today, Netflix is worth over $350 billionโ€”and no one remembers Blockbuster. Hereโ€™s how that rejection ignited one of the greatest business comebacks

See More
13 replies22 likes
10
Image Description
Image Description

Vishu Bheda

ย โ€ขย 

Medialย โ€ขย 1m

Everyone's focused on the wrong part of Amazon. Not Prime. Not AWS. Not their website. They've quietly built a 413M square foot logistics empire. Here's what your business could learn from Bezos: In 1995, Amazon started as an online bookstore.

See More
9 replies25 likes
5
Image Description
Image Description

Ansh Kadam

Stealthย โ€ขย 13d

This guy came, improved the packaging and hygiene, and sold his business to Tata for Rs. 5100 Cr. You must have tried Chingโ€™s Schezwan Chutney, and today, meet its founder, Ajay Gupta. But the surprising thing? There was no match for their entire b

See More
2 replies14 likes
Image Description
Image Description

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 2m

Top News of the Day: 1. Hospitality startup Oyo has acquired G6 Hospitality, the parent company of Motel 6 and Studio 6 brands, for $525 million. 2. Cornerstone Ventures, a SaaS-focused venture capital, has successfully exited Intelligence Node, a

See More
5 replies39 likes
6
Image Description

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 4m

Top News of the Day: 1. Global brokerage Macquarie said IPO-bound Swiggy seems to be 4-6 quarters behind Zomato. Swiggy's gross order value is around 26.5% lower than Zomato's. 2. Aditya Birla Digital Fashion Ventures has acquired a higher stake in

See More
2 replies30 likes
7

The unknown entrepreneur

Stealthย โ€ขย 2m

bookmark this ๐Ÿ‘‡!! Case Study: Googleโ€™s Rise to Market Dominance Introduction Google, founded in 1998 by Larry Page and Sergey Brin, emerged as a global technology leader by revolutionizing search engine technology. By 2000, Google had outpaced e

See More
0 replies3 likes

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 3h

Top News of the Week 1. Funding: - On a weekly basis, startup funding dropped by nearly 51% to $184.4 million as compared to around $375.52 million raised during the previous week. - In the growth-stage funding landscape this week, B2B e-commerce

See More
0 replies19 likes
3
Image Description
Image Description

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 7d

Top News of the Week 1. Funding: - On a weekly basis, startup funding surged by 2.7X to $375.52 million as compared to around $136.93 million raised during the previous week. - During the week, 32 Indian startups collectively secured approximately

See More
3 replies23 likes
5
Image Description

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 14d

Top News of the Week 1. Funding: - On a weekly basis, startup funding dropped by 43.15% to $136.93 million as compared to around $240.85 million raised during the previous week. - 23 Indian startups collectively secured approximately $137 million

See More
1 replies34 likes
7

Download the medial app to read full posts, comements and news.