Zomato - Interesting Juncture

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.

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

Food tech market is 50B+ ( duopoly) Most of my friends use swiggy for everything like food, groceries and dine out. They say Zomato sucks in ui ux and 3rd grade restaurants are there at Zomato, swiggy is better at offers and quality restaurants. Zomato peak stock value was 180inr, which makes it a 15B firm, by that logic swiggy can get even 20B ipo. PS - Baron capital already raised swiggy valuation to 13.9B usd What do u think guys?

Hey, any Blinkit employees here who can tell us how the company is going to handle the crisis at hand?? With so many dark stores closing and 2500+ delivery partners on strike??

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs). For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public. Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go: 1/ Swiggy: On the Launchpad Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race. 2/ Byju's: A Reality Check The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth. 3/ PayU: Quietly Confident While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets. 4/ PharmEasy: Unsung Potential PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery. The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed: 1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth. 2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants. 3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines. 4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors. Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading! Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

Sharing more context on what is driving this in the comments section 👇🏻