Zomato turned profitable in FY24! The foodtech giant’s PAT reached INR 351 Cr, compared to a loss of INR 971 Cr in FY23. Check out how Zomato makes money in the attached infographic. The improvement in Zomato’s financials is due to rising Gross Order Values (GOVs) across their B2C businesses. Combined GOVs of Zomato’s flagship food delivery, quick commerce arm Blinkit, and Going-out businesses grew 51% YoY and 5% QoQ to INR 13,536 Cr. Blinkit's standalone revenue growth outpaced food delivery on a YoY basis — 186% YoY growth for Blinkit vs around 40% for the food delivery platform. What do you think about Zomato's financial turnaround? Credit Inc42 Media #zomato #blinkit #financials #startups #foodtech
The significant increase in PAT and the shift from losses to profits speak volumes about their resilience and strategic moves.
Valuable share
On it's way to become a monopoly.
It took a long time but it was worth it for them 💯
Thought-provoking Brilliant share as always
Absolutely stunned by Zomato's profit.
Thought-provoking
This is amazing, and very well explained Priyanshu
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7moI agree!