Zomato raising $1B more in quick commerce wars
- They’ve replace JSW steel on the Sensex, a major feat for a startup. As someone working in startups since 10 years, I feel nice about that
- they already have 1.4B in cash reserves, this is just a move for a stronger balance sheet I guess
- primarily the new spending will go on dark stores expansion (no surprises there)
- Swiggy currently valued at 60% discount to Zomato. Zepto is of course still in single digit billion. Zomato is faaar ahead
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Bas stock perform karta jaaye Ek din mere pote kahenge "Dadaji ne zameen nahin, Zomato ka stock khareeda tha. He was a rizzler"
Swiggy ka product manager Zomato ma invested ha?
I think both Zomato and Swiggy will keep doing well in any consumer shopping opportunities that open up. QC isn't the end of it. Like other big techs in the US eventually encompassed multiple things in their growing years
I hope they head in the Amazon direction, it'll be nice
Heard Amazon India is coming with its own quick commerce. It will get interesting pretty soon.
But they're way too behind now Could just go how it's going with Flipkart Minutes, don't feel theres major impact
They are Fundraising so that they can buyback from foreign shareholders and increase their domestic shareholding to 51%. By doing this, they would be allowed to have their own QC inventory by regulation.
That's an interesting take
Thanks again for the source. KEN ka subscription justified nahin lagta abb. Once in a blue moon, they have these golden snippets. Made a bit of money on a nondescript wagon manufacturer based on a Ken article. But those articles are very few.
Perfect example of 'feeding into our mindspace' - I mean really, how does this hype and commentary on who is big, what's their reserves even matter?
I hardly doubt that will happen.
Bhai Zomato ka share badiya challaaa bass Dipesh Goyal sahab b falaaa fulaaa aur hum b fullaaaa falaaa
Jai Hooooo