Zomato IPO - Competitive Strengths, Business Strategies, Key Risks: Axis Securities

Text reading 'order online' is displayed on a Zomato Media Pvt. food delivery rider's uniform in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

Zomato IPO - Competitive Strengths, Business Strategies, Key Risks: Axis Securities

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.

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 value 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.

Click on the attachment to read the full report:

Axis Securities Zomato IPO Note.pdf

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