Zomato logs 2nd straight quarter of profit at Rs 36 crore in Q2, revenue up 71%
Overall well positioned now.
Zomato is sitting on a 10,000 crore of cash collected from IPO proceeds. They parked that amount in an FD and generating INR 700 crore of interest (7 % per annum) from it. The profit is being generated from my this FD and not sure if it is still profitable from operations yet.
They are operating cashflow positive. Have been increasing monetisation without impacting growth. And growing at 20%+.
💰💰💰
Zomato delivered another great set of results. Now they are adding 250Cr cash every quarter. The company hit two benchmarks this quarter according to my calculations, 50,000 Cr worth of orders (4x Q3) and 100 Cr orders (4x Q3), and thes...
This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there?
What exactly is the thought pr...
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??
