There is News of Zomato
This time Zomato has grown rapidly by many percentages in profit
Zomato had earned a profit of 2 crores last year, but this year in 2024, the Zomato company has crossed almost 200 crores in profit
Deependra Goyal and Pankaj Chaddha who are the owners of Zomato company
This Ebidta means whatever revenue you people have earned, that is, whatever you have earned and from that profit, if you have not removed the tax, if you have not removed the two depreciations, if you have mortgaged something and have not removed the money given on it, then the money that is received, but it is accounted under the category of profit, as soon as people heard about this, Zomato got a very positive response in the stock market, the share of Zomato started moving very fast, the share of Zomato saw tremendous growth
In 1 year, the share of Zomato has gone ahead bTherey about 180%
History of Zomato: –
There used to be a company in India whose name was Zomato This company was started in 2008 from Gurugram, Haryana. At that time its name was not Zomato but Foodiebay.
In 2008, Foodiebay Food did not do delivery.
Rather it was a restaurant discovery service, that is, its job was to go to the city and give information to people about different restaurants that this restaurant is very good, the food here is also very good, this was its job.
This service was quite successful and in less than 2 years, more than 20 lakh customers and more than 8000 restaurants were associated with Foodiebay. In late 2010, the founder of this company relaunched it under the name of Zomato. Along with this, the company also started food delivery service and this company also started the work of delivering food from the restaurant to people’s homes. Seeing the work of Zomato company,
Zomato started getting investment from Sequoia Capital India. Gradually,
Zomato company started expanding its work in 24 countries. And as soon as the IPO of Zomato company came in 2021, their market cap started increasing gradually. When Zomato’s IPO came in the market and its rate was around 72 to 76 and people This company got a very good response and today the price of their share is more than ₹ 200, but when Zomato company came in the share market and the profit that people earned from the shares of Zomato company, people started respecting it even more, people said yes this company is growing, moving forward positively and the Zomato company which earned 2 crores last year is sitting with more than 250 crores in today’s time, Zomato’s earnings are not big, its positive and thinking is the biggest
Zomato bought Blanket for 4447 crores from its investment, which means it was close to 5 billion dollars, Zomato got a huge benefit by buying Blanket
Conclusion:- In this article, we have written about Zomato company, rest how did you people feel after reading this article, please tell your opinion, thank you