Zomato IPO - Subscribe For Listing Gains: Motilal Oswal
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Motilal Oswal Report
Zomato Ltd., one of the leading online food services platforms in India, in terms of value of food sold, connects customers, restaurant partners and delivery partners, serving their multiple needs.
The company enjoys the first-mover advantage and has built a strong brand name and recall across India.
Its mobile application is the most downloaded food and drinks app in each of the last three fiscal years (as per RedSeer).
During FY21, 32.1 million average monthly active users visited Zomato’s platform, of which 6.8 million monthly transacting users placed transaction.
It is present in 525 cities in India, with almost 1.5 lakh active food delivery restaurant listings and ~1.7 lakh active delivery partners as of FY21 end.
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