Our focus on building a sustainable business now reflects in our ESG ratings. We are the only food delivery company in the world which has achieved a low risk ESG score on Sustainalytics.
Having said that, this is only a start, and we are just 1% done.
Out now - Our Q1FY24 Report: https://t.co/C7AScxXN3A
If you have any further questions or feedback, please email us at [email protected]. Always listening!
Quick snapshots of how we’re powering India’s changing lifestyles 🧵
$5.5B Swiggy's FY23 revenue is $900M, while losing $545M
$7.4B Zomato's FY23 revenue is $950M, while losing $80M
Zomato valued at 35% more with 5% greater revenue, but 86% lesser losses
Market deeply valuing profitability over size and growth
Zomato's efficiency winning
Love for our moms outshines everything else.🥰
Here’s proof – @zomato recorded the highest ever number of orders yesterday, and ~150 cakes were ordered every minute. Grateful to be a part of your day.
Lots of VC capital is wasted believing it’s a necessary investment to disrupt consumer behavior.
If the customer behavior hasn’t altered after years of incentives, then there is no disruption.
Capital is rarely a moat alone.
Deeper tech shifts cause sustainable disruptions.
@warikoo Speed! Because Perfection is an asymptomatic curve created through iterations and learning from mistakes. So it's better to make mistakes quick and learn from them instead of trying to achieve perfection by avoiding mistakes
In status driven societies (versus wealth driven) products and people that increases one’s status are overpaid and products and people that doesn’t increase one’s status are underpaid or even exlploited.