Zomato net worth in 2024 reflects its impressive growth across multiple sectors. With its expansion into quick commerce, Zomato is establishing itself as a key player in the global market.
In this article, we at Ando Money take a deep dive into the financial performance of Zomato and explore the factors driving its success.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Zomato Limited |
| Full Name | Zomato Limited |
| Website | www.zomato.com |
| Industry | Online food delivery, Quick commerce |
| Traded as | BSE: ZOMATO, NSE: ZOMATO |
| ISIN | INE758T01015 |
| Founded | 2008 |
| Founders | Deepinder Goyal, Pankaj Chaddah |
| Country/Territory | India |
| Headquarters | Gurgaon, Haryana, India |
| Chief Executive Officer | Deepinder Goyal |
| Number of Employees | N/A |
| Market Cap | $26.89 billion USD |
| Total Assets | N/A |
| Total Equity | N/A |
| Revenue | INR 4,206 crore ($505 million USD) |
| Net Income | INR 253 crore ($30.4 million USD) |
What is the Net Worth/Market Cap of Zomato in 2024?
Zomato’s net worth in 2024 is marked by its market capitalization of $26.89 billion USD. This figure reflects the company’s steady growth and its ability to diversify into different revenue streams like quick commerce.
When compared to other industry leaders, Zomato holds a competitive position.
Related to Zomato’s space, here are some competitors and partners:
- Swiggy
- Blinkit
- Uber Eats
- Foodpanda
- DoorDash
For those curious about the wealth of other giants, here’s a list of the most valuable companies on our website.
Zomato Financial Performance Overview
How Food Delivery Services Drive Revenue Growth
The core of Zomato‘s business lies in food delivery services. With a growth in food delivery orders by 27% year-over-year (YoY), it’s clear that this segment plays a significant role in the company’s revenue expansion.
This is further evidenced by a 10% quarter-over-quarter (QoQ) increase in food delivery volume.
The increasing demand for online food services, supported by strong partnerships with restaurants, has allowed Zomato to maintain a steady customer base while expanding its market share.
Restaurants that partner with Zomato benefit from its large user base, and the company’s seamless integration of restaurant listings and delivery services continues to fuel growth.
As more people prefer online food ordering, Zomato is poised to leverage this trend for long-term financial gains.
Impact of Quick Commerce on Revenue Expansion
The quick commerce business is a relatively new but growing segment for Zomato, primarily driven by Blinkit.
This sector has seen a remarkable 130% YoY growth, contributing a significant portion to Zomato’s overall revenue.
Quick commerce now accounts for INR 942 crore ($113 million USD) in revenue, up 22% QoQ.
The rapid delivery model, focusing on delivering essential items within minutes, has differentiated Zomato from competitors.
With an expanding network of stores and distribution points, the potential for further growth in this area is immense. As the quick commerce market heats up, Zomato is well-positioned to continue capturing more market share.
Role in Strengthening B2B Revenue
Zomato’s B2B arm, Hyperpure, plays a critical role in supporting the restaurant ecosystem by offering high-quality ingredients directly from farms to restaurants.
With a 96% YoY revenue increase, this segment has seen substantial growth, generating INR 1,212 crore ($145.6 million USD) in Q1FY25.
Hyperpure’s success lies in its ability to streamline the supply chain for restaurants, providing them with the necessary tools to enhance their services.
As Zomato continues to expand its B2B offerings, Hyperpure is expected to remain a strong contributor to the company’s financial performance.
Going-Out Segment’s Contribution to Financial Health
Zomato’s “Going-Out” business, which includes dining-out experiences and live events, is another growing revenue source.
In Q1FY25, this segment achieved a 106% YoY growth in its gross order value (GOV).
While still relatively small compared to other segments, the INR 95 crore ($11.4 million USD) it generated in Q1 signals a bright future.
The introduction of new services like restaurant reservations and event bookings has made Zomato a one-stop solution for customers looking for entertainment options beyond food delivery.
Efficiency of Delivery Partner Operations and Impact on Profit Margins
Zomato’s ability to efficiently manage delivery partners is another key element in its profitability.
The company has invested in improving delivery logistics, ensuring that deliveries are timely and cost-effective.
This efficiency has contributed to an adjusted EBITDA increase of INR 299 crore ($36 million USD) for Q1FY25, signaling a substantial margin improvement.
Additionally, Zomato continues to invest in delivery partner welfare programs, ensuring that they remain motivated and satisfied.
These efforts not only improve delivery performance but also contribute to the long-term sustainability of the business.
Advertisement and Sales Promotions as Revenue Drivers
Zomato’s success in attracting customers is closely tied to its targeted marketing and promotional strategies.
The company spent INR 396 crore ($47.6 million USD) on advertisement and sales promotion in Q1FY25.
These campaigns are essential in driving user engagement and retention.
Strategic partnerships and promotions have helped Zomato maintain its competitive edge, especially in India’s highly competitive food delivery market.
Role of Technological Investments in Revenue Optimization
Technology plays a vital role in Zomato’s revenue optimization efforts. By leveraging AI and data analytics, the company has enhanced the user experience, improving both customer satisfaction and operational efficiency.
Technological advancements have also contributed to platform optimization, making it easier for restaurants and customers to interact seamlessly.
FAQs About Zomato
How Does Zomato Generate Revenue?
Its primary revenue streams come from food delivery services, quick commerce, B2B offerings like Hyperpure, and the growing dining-out segment. The food delivery business remains its largest contributor.
What Is Zomato’s Financial Performance in Q1FY25?
In Q1FY25, Zomato reported a revenue of INR 4,206 crore ($505 million USD) and a net income of INR 253 crore ($30.4 million USD).
How Has Blinkit Contributed to Zomato’s Financials?
Blinkit has been a significant driver in Zomato’s quick commerce expansion, contributing INR 942 crore ($113 million USD) in revenue in Q1FY25.
What Are Zomato’s Future Financial Goals?
The company aims to continue expanding its services, particularly in quick commerce and dining-out experiences.
The company is also focusing on improving its delivery partner operations and investing in new technological solutions to boost long-term profitability.
How Is Zomato’s Quick Commerce Business Performing?
Its quick commerce business, led by Blinkit, is performing exceptionally well with 22% QoQ growth in revenue.
Conclusion
Zomato’s financial success is driven by diverse revenue streams such as food delivery, quick commerce, and B2B services.
I encourage you to leave a comment, share your thoughts, or explore more insightful content on Ando Money’s website for in-depth financial analyses.
