BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Zomato Ltd. has achieved leadership status (~45% plus market share in online food delivery) in the fast growing $4 billion food-tech industry in India.
It is sitting on huge potential opportunity as evident from modest penetration (1.5%) of transacting users with total internet user base of 700 million in India.
Zomato has grown at 62% revenue compound annual growth rate over FY16-21 and is expected to see multi-year hyper-growth given significant scope in terms of volume (transaction frequency, deeper reach in tier- II, III cities) and some bit on pricing (average order s) as increased urbanisation and rising female-working population trends would drive up need for online food ordering into eventual habit formation.
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