Zomato logs 2nd straight quarter of profit at Rs 36 crore in Q2, revenue up 71%
Overall well positioned now.
Zomato is sitting on a 10,000 crore of cash collected from IPO proceeds. They parked that amount in an FD and generating INR 700 crore of interest (7 % per annum) from it. The profit is being generated from my this FD and not sure if it is still profitable from operations yet.
They are operating cashflow positive. Have been increasing monetisation without impacting growth. And growing at 20%+.
💰💰💰
I read/heard this somewhere that Zepto would've become bankrupt had they not raised that capital. They're burning 10 crores a day (almost $400Mn/year) which was WeWork figures at one point in time. And this funding round to me is another...
