Zomato/ Eternal: No promoter in company

 

  • Zomato/ Eternal: No promoter in company
  • Cash balance increased to INR 19,235 crore as at the end of the quarter, largely on account of the net proceeds of INR 8,446 crore from QIP
  • The quick commerce business is increasingly finding product-market fit in India. 
  • Strong customer adoption is giving us the confidence to bring forward store expansion plans, and acquire customers faster for existing and new stores  
  • The losses in quick commerce business this quarter are largely on account of pulling forward the growth investments in the business that would have otherwise made in a staggered manner over the next few quarters. 
  • As of now, it seems like will get to target of 2,000 stores by Dec 2025, much earlier than previous guidance of Dec 2026  
  •   customers, who comprise 1/3rd of the platform GOV for Dec-24, paid an average delivery charge of ~INR 20 per order in Q3FY25 even when there were other players offering very low (or no) delivery charges  
  • Steady increase in earnings 
  • The average monthly earnings for delivery partners (calculated for delivery partners who logged-in for at least eight hours per day and 26 days per month) has increased to ~INR 28,000 in CY24. 
  • Even after accounting for estimated fuel cost (~INR 5,000 per month), it is fairly attractive vis-à-vis alternate income opportunities for them.   

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