Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -49,8 +49,9 @@
49	49	* United Kingdom
50	50	* United States
51	51
52		-As of December 31, 2020, we had 3,469 employees worldwide. We also engage contractors and consultants to provide us temporary workforce. None of our employees are represented by a labor union. We have not experienced any work stoppages since our incorporation, and we believe that our employee relations are strong.
	52	+As of December 31, 2020, Zomato  had 3,469 employees worldwide. Zomato also engage contractors and consultants to provide us temporary workforce.
53	53
	54	+
54	54	== Platform Offerings ==
55	55
56	56	The company's business is built around the core idea that over time, people in India are going out to eat at restaurants more than they cook at home. To capture value out of this shift in customer behavior, Zomato has two core business-to-customer (B2C) offerings – (i) Food delivery and (ii) Dining-out, in addition to its business-to-business (B2B) offering (iii) Hyperpure. Another important part of its business is (iv) Zomato Pro, its customer loyalty program which encompasses both food delivery and dining-out.
...	...	@@ -100,7 +100,6 @@
100	100
101	101	Zomato has an exclusive paid-membership program, Zomato Pro, which unlocks flat percentage discounts for its customers at select restaurant partners across both food delivery and dining-out offerings. These discounts are available to its customers on all days in a year (except during a few pre-determined festive days) and the Pro Restaurant Partners choose and fund the percentage discount available to Pro Members at their restaurants. The company's customers become Pro Members by paying it a membership fee. The program allows Pro Restaurant Partners to market themselves to a select audience. As of December 31, 2020, the company had 1.4 million Pro Members and over 25,350 Pro Restaurant Partners in India.
102	102
103		-
104	104	= Financial Highlights =
105	105
106	106	According to the DRHP, Zomato reported a loss of Rs 682 crore in the nine months ending December 2020. Previously, In the financial year 2019-20, the company had a net loss of Rs 2,386 crore, up from Rs 1,010 crore in the financial year 2018-19. Although the company reported a jump in revenue from Rs 1,397 crore in FY19 to Rs 2,743 crore in FY20, its expenses have increased from Rs 3,608 crore to Rs 5,006 in the same period.
...	...	@@ -127,4 +127,19 @@
127	127	Zomato reported a revenue of Rs 2,486 crore for FY20, even as its losses widened to Rs 2,451 crore during this period, as the pandemic shrunk order volumes and dine out revenue.
128	128
129	129
	130	+== Zomato IPO to open on July 14, 2021 ==
	131	+
	132	+Zomato IPO: The initial public offering (IPO) of online food delivery platform Zomato will open on Wednesday, July 14, 2021, and will be available for subscription till Friday, July 16, 2021. The price band of the IPO has been fixed at Rs 72-76 per share of the face value of Rs 1 each. Earlier this week, the company had received a go-ahead from markets regulator Sebi. {{footnote}}https://indianexpress.com/article/business/market/zomato-ipo-opens-july-14-price-band-rs-72-76-lot-size-and-more-details-7394678/{{/footnote}}
	133	+
	134	+The online food delivery giant aims to raise Rs 9,375 crore through the offer. The Zomato IPO comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by Info Edge (India), the parent company of Naukri.com, as per the information provided in the red herring prospectus available on the National Stock Exchange (NSE).
	135	+
	136	+Investors who wish to subscribe to Zomato’s IPO can bid in the lot of 195 equity shares and multiples thereof, as per its newspaper advertisement to Financial Express. At the upper price band, they will have to shell out Rs 14,820 to get a single lot of Zomato. The shares will be listed on both BSE and NSE.
	137	+
	138	+The Zomato IPO will have 75 per cent reserved for qualified institutional buyers (QIBs) and 15 per cent will be reserved for non-institutional investors (NIIs). The remaining 10 per cent of the issue will be available for retail investors.
	139	+
	140	+The anchor portion is likely to open on Tuesday, July 13, 2021, one working day prior to the opening date for the public offer, the share allotment is likely to take place on July 22, 2021, and the shares are expected to be listed on July 27, 2021.
	141	+
	142	+
	143	+= References =
	144	+
130	130	{{putFootnotes/}}