Bengaluru: The Zomato food aggregator said he had recovered well after the year of the pandemic hit, who saw his income dropped.
It was said that this fiscal first quarter was better than the same period last year.
The company also said it would soon launch the wholesale parts on the application.
Recently made a big investment in Grocery E-Tailer Grofers.
Zomato, which launched its IPO next week, reported Operational Revenue Rs 1,993 Crore for the year ended March, down 23.5% from Rs 2,604 Crore in the previous year, according to the red herring prospectus.
Partly for this reason, the losses also dropped, until RS 822 Crore, from Rs 2,362 Crore.
It costs almost twice to Rs 2,608 Crore, from Rs 5,000 Crore.
Read Lyazomato IPO to open on July 14, List after month that talks about the initial public offering (IPO) for Major Zomato food delivery arranged to open on July 14 on July 16.
Under the rules of Sebi, the stock will be registered before the end of the current month, most likely on July 27, market sources said.
The company’s shares are being offered “food giving businesses being beaten in the first wave of Covid for fear of viruses and surface transmissions.
Fear of surface transmission has been lost and we have given Crores of Order in the last 18 months without a transmission case through food,” said Chief Financial Akshant Goyal Officer.
The average order value of the company (AOV) continues to increase – even through a pandemic.
It touched Rs 395 in the last fourth fiscal quarter, from Rs 287 a year before that.
At grocery, Goyal said it was a big opportunity and was at a newborn stage now.
“We actively experimented in this room and recently invested $ 100 million for minority shares in Grofers with the idea of getting more exposure to that space.
We are in the process of launching the shopping market for shopping on our platform based on pilots,” he added.
Zomato shares will be listed on the Stock Exchange on July 27.
The problem is priced at Rs 72-76 per share.
Gupta said the company increased the size of the offerings to Rs 9,375 Crore, from RS 7,500 Crore which was planned previously, because of the requests they saw from investors during Roadshows.
India Edge Info, one of the earliest supporters, has reduced half of its offer for sale from Rs 750 Crore.
Zomato, supported by Edge Info, Alipay, Ant Financial, Global Tiger and Sequoia, said that it had reached a positive economic unit with the RS 23 contribution margin per order on average in Q3 last year, up from the Margin Rs 30.5 negative a year before that , The company says it makes money per average order.
This might occur due to an increase in commissions.
Zomato plans the shopping launch, invest in grofers
