Zomato Limited is an Indian food delivery and restaurant discovery platform that operates in over 25 countries worldwide. Here’s a brief overview of Zomato’s products, industry, future, revenue, and profit:
Products: Zomato operates an online platform that allows users to discover restaurants, read reviews, view menus, and order food for delivery or pickup. The platform also offers restaurant management software and a loyalty program for customers.
Industry: Zomato operates in the highly competitive online food delivery industry, which is characterized by intense competition, rapid technological changes, and heavy regulation. The industry has seen significant growth in recent years, driven by rising demand for convenience and the growing popularity of online ordering.
Future: Zomato has ambitious plans for growth and expansion, both within India and globally. The company plans to expand its delivery services to new cities in India and other countries, and also to diversify its offerings to include new categories such as grocery delivery and online ordering for other products.
Revenue and Profit: Zomato went public in July 2021, and its financial results for the fiscal year 2020-21 showed total revenue of INR 26,065 crore (approximately USD 3.5 billion), representing a year-on-year growth of 35%. The company reported a net loss of INR 816 crore (approximately USD 109 million) for the same period, which was significantly lower than the previous year’s loss. Zomato’s revenue has been growing steadily over the years, and the company has been able to reduce its losses through cost-cutting measures and operational efficiencies. However, as with many high-growth technology companies, profitability remains a challenge, and Zomato will need to continue to invest heavily in order to maintain its growth trajectory.