CosmicTaco

Jefferies Bullish on Zomato's New 'District' App

CosmicTaco · 2024-11-30T09:20:29.855426+05:30

- Jefferies maintains a 'Buy' rating for Zomato, projecting a 17% upside to INR 335. - The 'District' app lets users book restaurant tables and event tickets, boosting Zomato's going-out segment. - Zomato raised INR 8,500 Cr for growth, including expansion of Blinkit and marketing initiatives. Source: [Inc42](https://inc42.com/buzz/jefferies-bullish-on-zomatos-district-app-projects-17-upside/)

Jefferies maintains a 'Buy' rating for Zomato, projecting a 17% upside to INR 335.
The 'District' app lets users book restaurant tables and event tickets, boosting Zomato's going-out segment.
Zomato raised INR 8,500 Cr for growth, including expansion of Blinkit and marketing initiatives.

Source: Inc42