Zomato Ltd. News

NSE: Zomato Industry : e-Commerce

Zomato acquires 7.89% stake in Bigfoot Retail Solution

The company has acquired stake for an aggregate cash consideration of Rs 557.17 crore

18 Dec 2021, 09:03 AM

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Zomato introduces investor-connect platform aZomato Wingsa

The company will act as a facilitator of fundraising for restaurants

30 Nov 2021, 16:38 PM

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Zomato acquires 16.1% stake in Samast Technologies

The company has acquired 55,514 compulsorily convertible preference shares, for an aggregate cash consideration of Rs 371.35 crore

24 Nov 2021, 09:43 AM

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Zomato gets nod to acquire stake in Samast Technologies, Bigfoot Retail Solution, Curefit

The board of directors at its meeting held on November 10, 2021 has approved the same

11 Nov 2021, 14:32 PM

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Zomato to divest entire stake in Jogo Technologies

The company has received approval for divestment by way of sale of 33,860 equity shares

11 Nov 2021, 12:35 PM

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Zomatoas consolidated net loss widens to Rs 435 crore in Q2

Total consolidated income of the company increased by around 3-fold at Rs 1,161 crore for Q2FY22

11 Nov 2021, 09:44 AM

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Zomato partners with InCred

The partnership will support over 50,000 businesses working with Zomato to overcome any credit crunch with tailor-made solutions

20 Sep 2021, 16:12 PM

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Zomato to stop grocery delivery service

The company is all set to stop its grocery delivery on account of gaps in order fulfillment leading to poor customer experience

13 Sep 2021, 11:14 AM

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Zomato winds up US-based step-down subsidiary

ZUL was not a material subsidiary of the company and did not have any business activity

20 Aug 2021, 11:55 AM

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Zomato acquires 18.10% stake in Grofer Entities

The company has acquired 9.16% of shareholding on a fully diluted basis in Grofers India and 8.94% of shareholding on fully diluted basis in HOTPL

19 Aug 2021, 10:21 AM

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Zomatoas arm divests stake in Nextable Inc for $100,000

Zomato Inc has entered into a stock purchase agreement with Justin Doshi, Thusith Desilva and Robert Tyree for sale of shares held by it of Nextable Inc

12 Aug 2021, 12:31 PM

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Zomatoas consolidated net loss widens to Rs 356 crore in Q1

Total income of the company increased by 3.78% at Rs 916.60 crore for Q1FY22

11 Aug 2021, 11:23 AM

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Zomato incorporates wholly-owned subsidiary

The company has incorporated a wholly-owned subsidiary in the name of aZomato Payments'

05 Aug 2021, 10:40 AM

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Zomato launching limited edition 'Pro Plus' membership for select customers

The Pro Plus will have no surge fee, no distance fee, and all Pro benefits

03 Aug 2021, 14:21 PM

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Zomato is a rapidly growing restaurant search and discovery app in the Indian startup space. It is one of the Indian startup unicorns and had recently launched its initial public offerings to become listed in the bourses.  

Zomato is an online food delivery and restaurant discovery app used by both consumers and restaurant partners. Consumers use the app to discover restaurants, order food delivery and write reviews. Initially, it started as a restaurant discovery and table booking app but later in 2015 expanded the food delivery business. 

Company's profile 

Zomato is a new-generation IT-enabled startup, established in 2008 by Deepinder Goyal and Pankaj Chaddah, making it one of the youngest companies to launch IPOs.  

Zomato serves in 500 Indian cities and 36 countries, with 350,174 restaurants onboarded on their platform. Monthly it caters to an average of 80 million food orders and ranks in the 77th position among the top 100 companies in India.  

Zomato operates in two business segments, B2C and B2B. 

The B2C segment offers food delivery, table reservation, and payment facilities to customers. They have a paid membership program called Zomato Pro, offering discounts and other privileges to customers.   

They had launched HyperPure, Zomato's business-to business segment, in 2019. Under the project, Zomato supplies freshly sourced ingredients to its restaurant partners. As of December 2020, Zomato caters to more than 6000 restaurants through HyperPure.   

Zomato competes closely with Swiggy in India's online food delivery space, occupying the majority market share. As of December 2020, Zomato had a strong network of 161,637 active delivery partners with a 94.9% order fulfilment rate. 

Over the years, Zoamto has created a strong brand identity easily recognisable across big and small cities. The company works aggressively on spreading brand awareness and visibility to offer its delivery partners strong brand support.

Company's financial performance 

  • In April 2021, Zomato reported doubling its revenue from operation to Rs 2,604.
  • Their revenue growth was 5.5x over the three years from FY18 to FY20, accelerated primarily by a boost in the food delivery business. 
  • During the same time, Zomato has consistently gained market share to emerge as a critical player in the domain. 
  • However, their losses widened during the same period by 136%
  • Zomato experienced rapid growth, with order volume increasing from 30.6 million in FY18 to 403.1 million in FY20, recording a rise of 13.2 times.
  • GOV during the same period grew from Rs 1,334 crore to Rs 112,21 crore or by 8.4 times. Zomato became the leader in terms of GOV in the food delivery space on October 1, 2020. 

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