Profits delivered: What Zomato’s sizzling results teach investors, VCs ...Middle East

Zomato Ltd, who in its current avatar is both a food delivery and a quick commerce company, stands out. The company’s financials for the fourth quarter of 2023-24 are interesting and mark a turning point in its journey. It reported a consolidated net profit of ₹175 crore for the quarter ending March, which was a 27% sequential growth over the previous quarter. The revenue growth of 8.3% was less than a third of the growth in profitability, which means that the levers of profitability are being unlocked. These are important indicators not just for Zomato but for the entire venture capital (VC) funded start-up ecosystem. The year 2021 was seen as the coming of age of startu

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