“Zomato’s Investment Journey: From Startup to Stock Market Success” | Zomato Share Price Historical Yearly Growth and Analysis

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Zomato is an Indian multinational food delivery and restaurant discovery platform that was founded in July 2008 by Deepinder Goyal and Pankaj Chaddah as ‘Foodiebay and later renamed in 2010 as Zomato. Since its inception, Zomato has grown into one of the world’s leading online food delivery and restaurant discovery companies, , operating in in more than 1,000 Indian cities and towns, as well as in 25 other countries across Asia, Europe, the Middle East, and Africa.

Zomato offers a variety of services, including:

• Food delivery: Zomato allows users to order food from partner restaurants and have it delivered to their doorstep.
• Restaurant aggregation: Zomato provides information, menus, and user reviews of restaurants.
• Zomato Gold: Zomato Gold is a membership program that offers discounts and other benefits at partner restaurants.
• Zomato Pro: Zomato Pro is a subscription service that offers free delivery on unlimited orders, as well as discounts and other benefits at partner restaurants.

Zomato Share Price and Current Growth 2023:

Zomato’s growth has been rapid in recent years, In 2016, the company had operations in just 10 cities in India and now Zomato operates in over 1,000 cities and towns in India, as well as in 25 other countries.
In the financial year 2022-23, Zomato’s gross order value (GOV) grew by 62% to ₹159 billion. The company’s revenue also grew by 62% to ₹53 billion.

Zomato’s current share price (as of September 22, 2023, ) is ₹99.80. The company’s share price has grown by 150.19% year-over-year.

Zomato’s share price has been on a roller coaster ride since the company went public in July 2021. The stock initially surged, reaching a high of ₹161.53 in November 2021. However, the stock has since fallen back, and is now trading at around half of its all-time high. Zomato is well-positioned to benefit from the growing popularity of online food delivery in India. The company has a strong brand presence and a large customer base. Zomato is also investing heavily in new growth initiatives, such as its cloud kitchen business and its international expansion.

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Here are some of the key milestones in Zomato’s history:

• 2008: Zomato is founded as Foodiebay.
• 2010: Zomato is rebranded as Zomato.
• 2011: Zomato launches its food delivery service in India.
• 2014: Zomato expands its food delivery service to the United Arab Emirates.
• 2015: Zomato launches its Zomato Gold membership program.
• 2016: Zomato expands its food delivery service to Indonesia.
• 2017: Zomato expands its food delivery service to Malaysia and Singapore.
• 2018: Zomato launches its cloud kitchen business.
• 2019: Zomato expands its food delivery service to Australia and New Zealand.
• 2020: Zomato goes public on the Indian stock exchanges.
• 2021: Zomato expands its food delivery service to the United Kingdom and Ireland.
• 2022: Zomato acquires Blinkit, a quick commerce company.

Zomato expected growth in upcoming five years: (2023-2028)

According to JM Financial, a brokerage firm, Zomato is projected to experience significant growth in the coming years. They anticipate that Zomato’s revenue will increase at a Compound Annual Growth Rate (CAGR) of 21% from FY23 (Fiscal Year 2023) to FY27 (Fiscal Year 2027). In simpler terms, this means that Zomato’s income is expected to double in the next five years. This growth suggests that Zomato is likely to expand its business and generate a lot more revenue in the future compared to what it earns today. It’s a positive outlook for the company’s financial performance.

Top Investors In Zomato:

The top investors in Zomato are:

• Info Edge Ventures
• Ant Group
• Kora
• Sequoia Capital
• Tiger Global Management
• Fidelity Investments
• Dragoneer Investment Group
• Bow Wave Capital Management
• Invesco Mutual Fund
• Societe Generale

These investors have invested billions of dollars in Zomato, which has helped the company to grow rapidly and become one of the leading online food delivery companies in the world.

“Strong Financial Performance: Zomato Revenue and Net Profit”

In the first quarter of the financial year 2023-24, which concluded on June 30, 2023, Zomato achieved a significant milestone by reporting a consolidated net profit of Rs 2 crore. This marked the very first time that Zomato has recorded a quarterly net profit in its history.

To put this achievement into context, let’s also take a look at Zomato’s financial performance for the full fiscal year 2022-23. During this period:

• Zomato’s revenue amounted to a substantial ₹53 billion, which represented a remarkable 62% increase compared to the previous year.
• Equally notable, Zomato posted a net profit of ₹2 crore for the fiscal year. This was particularly noteworthy because it marked the company’s first-ever quarterly net profit.

In essence, these financial figures demonstrate Zomato’s robust growth trajectory. They showcase a substantial increase in revenue and, most notably, the company’s historic achievement of turning a profit during a quarter, signaling a positive and potentially sustainable trend in their financial performance.

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Latest Investment News:

Block Deal Nets ₹15,800 Crore (August 25, 2023):
Zomato made headlines by raising an impressive ₹15,800 crore in a significant block deal. This deal saw participation from institutional giants like Morgan Stanley Asia (Singapore) Pte, T Rowe Price Associates Inc., and Abu Dhabi Investment Authority. It’s a clear indication of the high confidence that major investors have in Zomato’s future prospects.

Strategic Investment in Blinkit (August 10, 2023):
In a strategic move to diversify its services, Zomato invested ₹450 crore in Blinkit, a quick commerce company. This investment is viewed as a strategic maneuver to expand Zomato’s presence in the grocery delivery market, showcasing the company’s ambition to tap into new avenues of growth.

Successful ₹4,196 Crore NCD Issue (July 28, 2023):
Zomato demonstrated its financial prowess by raising ₹4,196 crore through a non-convertible debenture (NCD) issue. This fundraising venture attracted participation from esteemed institutional investors like Aditya Birla Sun Life Insurance Company, ICICI Prudential Life Insurance Company, and HDFC Life Insurance Company. These investments underline the strong faith investors have in Zomato’s potential for growth.

In essence, these recent financial moves highlight the trust investors place in Zomato’s future growth trajectory. With a solid brand presence, a substantial customer base, and a commitment to exploring new growth avenues, Zomato is poised to capitalize on the flourishing online food delivery market in India and is well-positioned for sustained expansion in the years ahead.

Total market capitalization of Zomato:

As of September 2023, Zomato is currently valued at an impressive ₹852.5 billion, which translates to approximately $10.23 billion. This valuation firmly establishes Zomato as one of the most valuable companies in India.

What’s particularly noteworthy is the substantial growth in Zomato’s market value over the past few years. To put it into perspective, back in July 2021 when Zomato went public, its market cap was ₹64,475 crore, roughly equivalent to $8.4 billion. This remarkable growth signifies that Zomato’s market capitalization has surged by more than 130% in just the last two years.

This upward trajectory is expected to persist in the foreseeable future. Zomato is poised to capitalize on the expanding online food delivery market in India, thanks to its strong brand recognition, an extensive customer base, and significant investments in innovative growth initiatives. These factors, combined with its stellar financial performance, bode well for Zomato’s continued market cap expansion.

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Zomato release his IPO in 2021:

In July 2021, Zomato made a significant move by launching its Initial Public Offering (IPO), marking one of the most substantial IPOs in India’s history as it raised more than ₹9,000 crore.

Zomato’s IPO witnessed remarkable success, with demand far exceeding supply. In fact, the shares were oversubscribed by an astonishing 38 times. This enthusiastic response from investors highlighted the strong interest in Zomato’s potential as a publicly traded company.

Subsequently, on July 23, 2021, Zomato’s shares were officially listed and began trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a significant milestone in the company’s journey as a publicly traded entity.

Official BSE Indexed of Zomoto