CosmicTaco

Zomato's Food Delivery Predicted to Grow 30% Annually for Next 5 Years

CosmicTaco · 2024-11-20T09:08:27.668702+05:30

* Zomato's food delivery business is expected to grow 30% annually over the next five years, holding a 58% market share in the food delivery segment. * The company is preparing for an INR 8,500 Cr QIP in December, with Morgan Stanley maintaining an 'overweight' rating on Zomato's stock. * Despite challenges with high attrition among delivery drivers, Zomato continues to innovate with new features and benefits for gig workers. Source: [Inc42](https://inc42.com/buzz/zomatos-food-delivery-business-will-grow-30-annually-over-next-5-years-ceo/)

Zomato's food delivery business is expected to grow 30% annually over the next five years, holding a 58% market share in the food delivery segment.
The company is preparing for an INR 8,500 Cr QIP in December, with Morgan Stanley maintaining an 'overweight' rating on Zomato's stock.
Despite challenges with high attrition among delivery drivers, Zomato continues to innovate with new features and benefits for gig workers.

Source: Inc42