Zomato Review Is Absurd: Mohit Gulati – Free Press Journal | Pharmicx

A year after its dream listing, Zomato Ltd has lost more than half of its market capitalization because it was in the news for the wrong reasons. The grocery delivery service was among the early Indian unicorns to go public. The share price doubled on debut, taking the company’s valuation above the Rs1 lakh crore … Read more

ShipRocket’s Back-to-the-Future Mission: Democratizing E-Commerce for Bharat – YourStory | Pharmicx

a decade ago Saahil Goel wanted to build his version of Shopify in India, a platform for small businesses to sell online. He called it KartRocket (and later Kraftly), but the idea didn’t take off. E-commerce itself was still in its infancy in the country, and Saahil would eventually come to terms with the fact … Read more

Zomato estimates Blinkit’s losses to fall to £93m by the end of July | Mint – mint | Pharmicx

Akshant Goyal, Zomato’s Chief Financial Officer, said: “Blinkit’s losses are declining every month – by €2,040 million in January 2022 €929 million in July 2022E. Losses have decreased due to a) operational leverage and b) improved execution. As the GOV per day per deal increases, losses decrease given the high operational leverage in the deal.” … Read more