Zomato's Delivery Innovation & Financial Surge

Innovation in Delivery Services:

Zomato introduces priority deliveries in Bengaluru and Mumbai, allowing users to opt for quicker service for a nominal fee.

Testing Phase:

The feature is currently being tested in specific zones to gauge its effectiveness and user response.

Diversification of Offerings:

Zomato explores various new offerings, including last-mile delivery services and specialized fleets, to cater to evolving consumer demands.

Financial Performance:

Zomato witnesses robust financial performance, with a significant surge in net profit and operating revenue in Q3 FY24.

Stock Market Performance:

Zomato's shares soar over 200% in the last year, backed by increasing profitability and positive outlook from brokerage firms.

Strategic Decisions:

Zomato increases platform fee and pauses intercity delivery service to streamline operations and strengthen profitability.

Brokerage Firms' Confidence:

Kotak Institutional Equities reaffirms 'BUY' rating on Zomato, reflecting confidence in its growth potential.

Positive Outlook:

Despite slight fluctuations in share prices, the overall outlook remains positive, highlighting Zomato's dedication to staying ahead in the foodtech industry.

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