Zomato Ltd

About the Company:

Zomato’s technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs.

Customers use the platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants.

Company provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service.

Company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. Company also provide delivery partners with transparent and flexible earning opportunities.

Zomato is present in 526 cities in India, with 350,174 Active Restaurant Listings.

 

 

Company’s Platform Offerings:

Zomato’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, company has two core business-to-customer (B2C) offerings – (i) Food delivery and (ii) Dining-out, in addition to our business-to-business (B2B) offering (iii) Hyperpure.

Another important part of  business is (iv) Zomato Pro, our customer loyalty program which encompasses both food delivery and dining-out.

 

Food Delivery Business:

Company has consistently gained market share over the last four years to become the category leader in the food delivery space in India in terms of GOV from October 1, 2020 to March 31, 2021.

Company has experienced rapid growth in food delivery in India with Orders increasing by 13.2 times from 30.6 million in Fiscal 2018 to 403.1 million in Fiscal 2020.

Company’s GOV (Gross Order Value) growing 8.4 times from Rs.1334.1 crores in Fiscal 2018 to Rs.11,220.9 crores in Fiscal 2020.

 

There are three key stakeholders in our food delivery business – (i ) Customers, (ii) Delivery Partners, and (iii) Restaurant Partners.

Customers:

On an average, 10.7 million customers ordered food every month on our platform in India in Fiscal 2020 with an average monthly frequency of over three times. In the
nine months ended December 2020, 99.3% of our food delivery Orders came through Zomato’s mobile application.

Delivery partners:

Zomato has one of India’s largest hyperlocal delivery networks in terms of number of delivery partners,Company had 161,637 Active Delivery Partners during the month of December 2020.

 

Restaurant partners:

In Fiscal 2020, company had (on an average) 131,233 Active Food Delivery Restaurants every month.

 

 

Dining-Out Business:

As of December 31, 2020, zomato had 350,174 Active Restaurant Listings on our platform and in Fiscal 2020, 157.0 million units of CGC was generated on our platform, which makes zomato the largest food-focused restaurant listing and reviews platform in terms of customer base, in India, as of December 31, 2020.

Company is also the largest online table reservations platform in India, with 12.2 million Covers booked through our platform in Fiscal 2020.

In Fiscal 2020, 8,064 restaurant partners paid for our advertising sales product in India.

 

 

B2B Supplies (Hyperpure) Business:

Hyperpure is zomato’s farm-to-fork supplies offering for restaurants in India. Company sources fresh, hygienic, quality ingredients and supplies directly from farmers,
mills, producers and processors to supply to our restaurant partners, helping them make their supply chains more effective.

Restaurant partners ordering supplies through Hyperpure get a “Hyperpure Inside” tag on their Zomato page, which is intended to provide customers with an assurance of the quality of ingredients used at the restaurant.

Company had started Hyperpure in 2019 and are growing rapidly. In the month of December 2020, company supplied to over 6,000 restaurant partners across six cities in India.

 

 

“Zomato Pro” Business:

Company has an exclusive paid-membership program, Zomato Pro, which unlocks flat percentage discounts for our customers at select restaurant partners across both food delivery and dining-out offerings.

The Pro Restaurant Partners choose and fund the percentage discount available to Pro Members at their restaurants. The customers become Pro Members by paying zomato a membership fee.

The program allows Pro Restaurant Partners to market themselves to a select audience. As of December 31, 2020, company had 1.4 million Pro Members and over 25,350 Pro Restaurant Partners in India.

 

 

Management Team:

  1. Mr. Kaushik Dutta (Designation: Chairman and Independent Director)
  2. Mr. Deepinder Goyal (Designation: Managing Director and Chief Executive Officer

 

 

 

Objectives of the Issue:

Offer for Sale: (Rs. )

  • Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.

 

Fresh Issue: (Rs. )

  • Funding organic and inorganic growth initiatives.
  • General corporate purposes.

 

 

 

Peer Group Comparison:

There are no listed companies in India whose business portfolio is comparable with that of Zomato’s business and comparable to Zomato Ltd’s scale of operations. Hence we cannot make any comparison.

 

Financials of the Company: (Consolidated)

(in Crores) FY 18 FY 19 FY 20 31st Dec 2020
Revenue 487.0 1397.7 2742.7 1367.6
Net Profit (-104) (-1013.1) (-2362.8) (-684.1)

 

IPO Details:

Details Info
Issue Opens on Coming Soon
Issue Closes on:. Coming Soon
Issue Price Will be Updated
Face Value Will be Updated
Retail Category Allocation Will be Updated
Minimum Lot Will be Updated
Minimum Investment Will be Updated
Issue Constitutes Will be Updated
Issue Size Will be Updated
Market Cap Will be Updated
Listing at NSE & BSE
Equity Shares Offered Will be Updated
Equity Shares Prior 666,09,69,150
Equity Shares after the issue Will be Updated

Also Read : List of Upcoming IPO’s in India.
 

Important Dates:

Finalization of Basis of Allotment Will be Updated
Initiation of Refunds Will be Updated
Credit of Equity Shares: Will be Updated
Listing Date: Will be Updated

 

 

Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 00:00) Shares Offered Day-1 Day-2 Day-3
QIB
NII
Retail
Employee
TOTAL

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
(-5.09) NA (-113.64%) 4.48

 

 

Check IPO Allotment Status:

Link InTime Website: https://linkintime.co.in/PublicIssue/

BSE IPO Website: https://www.bseindia.com/IPO/Allotment

 

 

Company Contact Info:
Zomato Ltd
Ground Floor, 12A
94 Meghdoot, Nehru Place
New Delhi 110 019
Tel: +91 011 4059 2373
E-mail: companysecretary@zomato.com
Website:  www.zomato.com

 

 

IPO Registrar Info:
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Tel: +91 22 4918 6200
E-mail: zomato.ipo@linkintime.co.in
Website: www.linkintime.co.in