Deepinder Goyal Aims To Turn Zomato's Entire Biz Profitable By Q4 FY23
Increasing profits in the food delivery business and reducing losses in Blinkit will get the company there, he said in his letter to shareholders
Zomato’s co-founder and CEO Deepinder Goyal said the company is aiming to achieve group-level profitability, including the quick commerce arm Blinkit, in four quarters. Increasing profits in the food delivery business and reducing losses in Blinkit will get the company there, he said in his letter to shareholders.
Goyal said the company’s business, excluding quick commerce, turned ‘adjusted Ebitda positive’ in the March quarter meaning its operating earnings, barring certain non-cash expenses and one-time charges, are greater than its operating expenses.
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