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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Chintan Udani
Stealth • 1m
Come to tier 3 cities, there are no orders at all and no orders means no market so on what basis they are running this thing
Just as we look at India’s second-hand car market, we can similarly look at India’s second-hand mobile market. There is still a significant gap here, especially in Tier 3 and Tier 4 cities. While there are some startups in Tier 1 cities, no one is cu
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3 replies5 likes
Uttkarsh Singh
Stealth • 5m
With these GST prices I am sure Zomato can't get orders from Tier 3 and some part of Tier 2 cities in India
2024-
Tier-1,2 & 3 Startups
2025-
Tier-1,2 & 3 VC'S
"Founders running for VC" is slowly transitioning into "VC'S running for Founders"
That means, Quality, Competition & Innovation are Booming..
Best time to alive & build🚀 What's your POV?
I have an idea of a grocery delivery service for tier 2, tier 3 cities. We know that tier 1 cities Big basket is dominating but in tier 2, tier 3 cities there is no big player, there is a market for value concious customers, we can create an online D
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10 replies3 likes
kamal p
Stealth • 9m
Problem- 60% of the carts on e-commerce websites are abandoned in tier 2 cities due to longer delivery times.
Solution- Become Amazon prime/meesho for tier 2 cities by opening a warehouse in major tier 2 cities and give faster deliveries.
Products
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10 replies2 likes
Prateek Aryan Modi
•
Tata Aig General Insurance Companies Limited • 1m
don't you think tier 2 and tier 3 cities are more excited to try things happening in metro cities? so can we just copy big businesses happening in metro cities and implement it in tier2/3 cities. your views.
5 replies5 likes
Uttkarsh Singh
Stealth • 2m
That's why I say invest in Tier 2 and Tier 3 cities.