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Axis Securities Report
Zomato Ltd. was incorporated on Jan. 18, 2010, as DC Foodiebay Online Services Pvt.
It is one of the leading food services platforms in India in terms of the of food sold, as of March 31, 2021, with 32.1 million average monthly active units visiting the platform in India during FY21.
As of March 31, 2021, the company has a presence in 525 Indian cities with 3,89,932 active restaurant listings.
Its mobile application is the most downloaded food and drinks application (iOS App Store and Google Play combined) in India in each of the last three fiscal years.
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