PrancingCupcake
PrancingCupcake

Zomato Results

Zomato logs 2nd straight quarter of profit at Rs 36 crore in Q2, revenue up 71%

https://www.moneycontrol.com/news/business/startup/zomato-logs-2nd-straight-quarter-of-profit-at-rs-36-crore-revenue-grows-71-to-rs-2848-in-q2-11659321.html

Overall well positioned now.

20mo ago
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DancingHamster
DancingHamster

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.

PrancingCupcake
PrancingCupcake
Meesho20mo

They are operating cashflow positive. Have been increasing monetisation without impacting growth. And growing at 20%+.

PeppyMarshmallow
PeppyMarshmallow

💰💰💰

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