Friday, April 26, 2024
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Outlook India
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Profitability

Founders are now aware that valuations can sink and drop, but they can survive the long haul if they solve real market needs

Co-founder and CEO Shashank ND said that the company is planning to enhance its presence in smaller cities and towns

With a projected 40% YoY revenue growth for the next few years, Zomato's profitability milestone in Q124 underscores its dominion in the food delivery market. But will it be able to maintain this momentum?

It is time to go back to the fundamentals, which means an increased focus on profitability

CEO Suumit Shah informed about Lina, the AI assistant which replaces generic and delayed responses.

The four-year-old company currently claims to have established a network of over 350 buses serving more than 500 cities in India

Granularity in growth seen with the number of loans disbursed growing by 150 per cent, through a diversified mix of digital partnerships

The firm aims to use the capital to launch new categories and product capabilities, further enhance the product and technology teams and expand its presence in existing markets

Despite posting significant revenue in the 2021-22 financial year, Open did not cross the Rs 50 crore revenue mark and its losses widened to Rs 167 crore from Rs 65.6 crore during the period

The VC firm has also reduced its stakes in other Indian startups amid regulatory and financial difficulties