Zomato's Food Delivery Predicted to Grow 30% Annually for Next 5 Years

• Zomato's food delivery business is expected to grow 30% annually over the next five years, holding a 58% market share in the food delivery segment.
• The company is preparing for an INR 8,500 Cr QIP in December, with Morgan Stanley maintaining an 'overweight' rating on Zomato's stock.
• Despite challenges with high attrition among delivery drivers, Zomato continues to innovate with new features and benefits for gig workers.

Source: Inc42