📈 Zomato shares inching back to the IPO price of Rs 76
Over a 50% jump since February this year
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🍕 Zomato's growth in core food delivery has been flat for the last few quarters
But it is targeting overall profitability in the next 12 months, by increasing profit in food delivery and cutting losses in Blinkit ✂️
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🛒 At the same time, Blinkit is selling a well-curated range of gourmet products with higher margins and operating smaller dark stores
This may come at the cost of scale and growth, writes
@AditiS90
@thearc_hq
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@madhavchanchani
I am a noob. But the minute this crosses IPO price, people are going to sell.
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