Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses.
Food Delivery Platforms: For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
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Zomato's CEO, Deepinder Goyal, has introduced a new feature designed to help users make better food decisions. This innovative tool subtly suggests healthier alternatives when placing orders, like recommending roti instead of naan.