Zomato Q1 results: a surprise delivery

Zomato surprises investors, turning adjusted EBITDA and PAT positive in the June quarter. Also, Gupshup’s valuation markdown.

4 August, 20236 min
0
Zomato Q1 results: a surprise delivery

You may also like

Tech
Story image

Sex sells: The real reason behind ChatGPT’s adult mode

Sam Altman wants to ‘treat adults like adults’ just as OpenAI grows faster than ever, raising questions about the cost of commercializing desire.

Business
Story image

Can Meesho’s value-commerce playbook pass the IPO test?

The ecommerce platform will be hard-pressed to justify its estimated $7-8 billion valuation—up nearly 2x from just 10 months ago—at a time of ho-hum growth and flagging profitability.

Internet
Story image

Zepto’s fundraise overshadows Eternal’s quick commerce-driven Q2 growth

The well-timed announcement of Zepto’s $450 million funding on the day of Eternal’s September-quarter results foreshadows what the future holds for India’s quick-commerce landscape.