Zomato🇮🇳becomes the 2nd company in the World to post Profits (After Tax) after reporting Rs 2cr in profits in Q1FY24
Most of the major companies in the Online Food delivery industry are still making heavy losses with insane valuations
More details in this thread 🧵
#zomato
Most of the major companies in the Online Food delivery industry are still making heavy losses with insane valuations
More details in this thread 🧵
#zomato
Commissions charged by Swiggy Zomato are on the higher with side as compared to other global companies in this industry
Competition from ONDC is still restricted to a few cities in India but this 20%-25% commission charged is likely to come down in coming years
#zomato
Competition from ONDC is still restricted to a few cities in India but this 20%-25% commission charged is likely to come down in coming years
#zomato
Adjusted EBITDA is the financial gimmick most of the startups use to look good to investors
Which is why all the food delivery companies use this metric as they all are profitable
Which is why all the food delivery companies use this metric as they all are profitable
Most of the bigger companies in the online food delivery industry are operating in multiple countries
India's Zomato operates in India and UAE while Swiggy operates in just India
#Zomato
India's Zomato operates in India and UAE while Swiggy operates in just India
#Zomato
#Zomato faced heavy criticism in its intial days but now their monetization engine has kicked in and we shall see huge profits in coming years
Please do follow @pratikbagadia for more such business analysis and retweet the first tweet for wider reach 🙏
Please do follow @pratikbagadia for more such business analysis and retweet the first tweet for wider reach 🙏
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