Zomato IPO - Subscribe For Listing Gains: Motilal Oswal

A Zomato courier box sits on a food delivery motorcycle in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Zomato IPO - Subscribe For Listing Gains: Motilal Oswal

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.

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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Motilal Oswal Zomato IPO Note.pdf

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