What is the scope of zomato?

What is the scope of zomato?

Brokerages recommend investors to subscribe to the initial public offering of Zomato Ltd., expecting the company to benefit from a strong brand name, scope of further expanding in an under-penetrated food delivery market in India, and growing smartphone adoption to aid online ordering, among others.

Which is more successful zomato or Swiggy?

In the war between the food delivery apps, Swiggy is already a winner in terms of a number of orders but closely accompanied by Zomato. However, if you are in search of “cash backs,” there is no better option than Zomato.

What is the scope of Swiggy?

Swiggy, domestic online food ordering and delivery app, on Tuesday launched Stores – a platform where one can order groceries, health supplements, meat and other daily amenities to be delivered at users’ doorsteps.

Is Uber eats successful in India?

A PTI report had said that UberEats India business contributed just 3\% of the global gross bookings but accounted for over 25\% of adjusted EBITDA losses for the first three quarters of 2019.

Does Zomato have future?

If you look at a steady state and a structural story basis, Zomato is poised for a growth of almost 25-30\% and that is driven by multiple structural factors. One is the increased penetration of smartphones in India. Zomato is entering into new markets – Tier-II and Tier-III cities.

What is the future plan of Zomato?

Zomato’s post-money valuation will be at around Rs 64,000 crore, at the top of the price band. ET was the first to report on March 3 that Zomato is expected to raise $750 million to $1 billion through its IPO.

Is Uber Eats merge with Zomato?

In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99\% stake in the loss-making Indian food delivery startup. TechCrunch had reported that Uber Eats’ India business — and a 9.99\% stake in Zomato — was valued at about $180 million.

What is the deal with Uber Eats and Zomato?

Zomato, which was the second-largest player by market share trailing Swiggy before the deal, acquired Uber Eats at a valuation of $350 Mn, which saw Uber pick up 9.99\% stake in Zomato in return.

How much does a food delivery app cost in India?

Customers are always after a swift and smooth experience without being particularly concerned about the technology upon which the app is being built. The same goes for food delivery apps like Swiggy, Zomato, Ubereats, and Grubhub. A simple restaurant finder and food delivery app costs around $3500 to $9,500 in India.

What is the business model of an app like Swiggy?

The business model of an app like Swiggy, Zomato, UberEats and Grubhub has given rise to a large number of on-demand startups in the food delivery vertical. All these apps essentially play a dual role. They are restaurant finder as well as food delivery applications.

Is Zomato good for food delivery in Dubai?

Also they offer free delivery above 150 INR which is attractive for all. Zomato has an exhaustive range of menus and regularly updated information for over 42,000 restaurants across 12 major cities of India and 4,000 restaurants in Dubai.