Zomato stock at all time high again ๐
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How important is Blinkit to Zomato? How long will the 10 min delivery burn games go on for?
Any insider POVs?
Any business other than food delivery is important to Zomato.
Zomato believes in the long run and businesses other than food delivery helps it achieve that kind of sustainability. Thatโs why Zomato has Blinkit, Hyperpure, Live events business (Feeding India and other concerts).
There are also other internal departments like Logistics, CRM, and Payments which are planned or already spun off as separate companies.
Itโs a large category, where Blinkit is currently the market leader (vs Swiggy and Zepto) with better economics
Sure, it burns money, but my bet would be that theyโll keep it alive and that will be a great upside bankers will always rate their stock on
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Survival of the fittest
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Good morning! Too much has happened in the last 24 hours, weโre going double the size of our 5 news a day quota - here we go:
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One founder who truly inspires me! - Founded Zomato in 2008 and was doing a completely different thing - First bu...