IPO-bound Zomato’s RHP reveals recovery in operational metrics in March quarter

Photo: Zomato

IPO-bound Zomato Ltd’s RHP (red herring prospectus) offers a good insight into the food delivery firm’s performance. Analysts said the company has shown good recovery across important operational parameters in March 2021.

ICICI Securities Ltd’s analysts said in a report on 8 July, “The robust increase in signed up restaurants on delivery/discovery platforms (about 16000/40000) is the most interesting update – given it comes amidst negative news flow about ‘perceived’ dissatisfaction of ‘some’ restaurants with Zomato.” The broker added, “End–March 2021, restaurant count on the delivery platform was about 5000 more than even the pre-covid peak.”

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