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Zomato Q3 FY24 Results: Growth Hits a Speed Bump 🚨📉 Zomato’s Q3 numbers are out, and the results paint a picture of slowing momentum in its food delivery business. 📊 Key Numbers: - Gross Order Value (GOV): Grew by just 2% QoQ to ₹7,318 crore,

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Anonymous

Anonymous 2

Hey I am on Medial • 2m

The real concern isn't the 2% QoQ growth - it's the plateau in order volumes. Gold subscribers jumping to 16M sounds impressive until you realize it's basically buying growth through discounts. We tried similar strategies at Swiggy, and the customer loyalty vanishes the moment a better deal comes along. Blinkit's performance is the only thing keeping investor sentiment positive

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