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Anonymous

Hey I am on Medial • 1m

zomato profits are from fd Zomato recently reported a net profit of ₹39 crore, primarily attributed to earnings from fixed deposits (FDs). Specifically, the company earned ₹252 crore from FDs while incurring an operational loss of ₹213 crore. This financial strategy has raised concerns among analysts, as it suggests that Zomato's profitability is largely reliant on interest income rather than core business operations. This approach has been characterized as a "pump and dump" strategy, where startups may present inflated profitability figures by leveraging non-operational income to mask operational losses. Such tactics have been observed in other startups as well, particularly those preparing for or recently completing an IPO.

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BigLoot IN

BigLoot.in - Where S... • 6m

🚨 Zomato is Planning To Raise Over ₹4185 Crore Through QIP as Per Media Reports Zomato Has Cash Reserves of ₹12,539 Crore Swiggy’s IPO Size is Around ₹11,664 Crore Zomato Being Aggressive, Crucial Timings

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Applyly

Hey I am on Medial • 4m

Income of Cult.fit Crosses Rs 1,000 Crore in FY24 Fitness technology company Cult.fit has achieved a major point in FY24. The company achieved a total income of over Rs 1,000 crore consistently to depict the growth trend. This major accomplishment i

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Anonymous

Hey I am on Medial • 5m

Breaking news! BATMAN joins Zomato as chief of staff and paid a whopping 20 crore for joining. Medial's Batman reporting from Zomato HQ😤😎🔥

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Ashutosh Mishra

Chartered Accountant • 7m

Direct Tax collections for FY 2024-25 as of 17 September, 2024 Net Collections, YOY comparison Corporate Tax : ₹4.53 lakh crore, up 10.5% Personal Income Tax : ₹5.15 lakh crore, up 18.8% STT : ₹26,154 crore, up 96% Other Taxes : ₹1,812 crore, up

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Yash S

Founder, Innovzeal • 5m

Zomato’s platform fee hike to ₹10 reflects rising operational costs and the need for sustainable revenue models in a competitive market. While ₹10 may seem small, it could affect frequent users. Zomato must justify this increase by improving delivery

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Dayal Singh

Founer Bistrolicious • 4m

I need a business partner for running operational team work. for a good running restaurant located in Mohali. every month sale 3.5lac and Zomato swiggy rating is 4.3 as well.

8 replies5 likes
Anonymous

Anonymous

Hey I am on Medial • 9m

Deepinder Goyal enters billionaire club as his holding in Zomato crosses $1 Bn worth Deepinder Goyal, founder and CEO of Zomato, has entered the billionaire dollar club as the value of his holdings in the foodtech firm surpassed Rs 8,400 crore. With

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Applyly

Hey I am on Medial • 4m

Zomato Hit With Rs. 800 Crore Tax Demand by GST Authorities By Applyly December 13, 2024 Zomato faces a Rs. 803.4 crore tax demand from GST authorities. The demand covers 29 October 2019 to 31 March 2022. It includes Rs. 401 crore in tax and equal in

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Applyly

Hey I am on Medial • 4m

Zomato Hit With Rs. 800 Crore Tax Demand by GST Authorities By Applyly December 13, 2024 Zomato faces a Rs. 803.4 crore tax demand from GST authorities. The demand covers 29 October 2019 to 31 March 2022. It includes Rs. 401 crore in tax and equal in

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0 replies1 like

Applyly

Hey I am on Medial • 4m

Zomato Hit With Rs. 800 Crore Tax Demand by GST Authorities By Applyly December 13, 2024 Zomato faces a Rs. 803.4 crore tax demand from GST authorities. The demand covers 29 October 2019 to 31 March 2022. It includes Rs. 401 crore in tax and equal in

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