@Zomato ’s H1 financial numbers 👇🏽
Says revenue up 225% to $205 million in the first six months of FY2020
Claims monthly burn rate down 60% in H1 compared to last year
Food delivery business GMV up 223% to $821 million
@Zomato@ETtech@ZomatoIN Restaurant listings globally on @Zomato Zomato
has grown from 1.2m in Sep 2018 to 1.5m in Sep 2019.
Half of this increase comes from India alone
@Zomato@ETtech@ZomatoIN So far, less than 5% restaurants participate in @Zomato Zomato Gold, and less than 5% of our MAUs are Gold members.
This escalated quickly. An eventful January timeline of BharatPe's saga:
Jan 5 - An audio clip was posted by an anonymous Twitter account where Ashneer Grover hurled expletives towards a Kotak employee for missing out on share allotment during Nykaa's IPO.
Jan 6 - Grover claims that the clip is fake; on his Twitter account, he wrote, "Folks. Chill! It's FAKE audio by some scamster trying to extort funds.”
Jan 7 - Grover deletes his tweet and tells the media that he did it because the audio clip is no longer on social media.
Jan 9 - Kotak Mahindra Bank responds to say that they will take legal action against Grover - confirming the validity of the audio clip. A leaked document of Grover’s legal notice sent to Kotak in October 2021 also became public.
💎🔥 It's been 3 months since we launched @thecaptableco , and one development we’ve closely tracked & deeply reported on is Zomato’s IPO.
Why? Because Zomato’s IPO goes beyond what it means for the company. It drives the sentiment for the India's tech ecosystem. #Thread
🚨 🚨 Scoop: Zomato will increase the size of its public markets capital raise, after receiving a positive response from institutional investors for its roadshows. lnkd.in/gUFcctC
💰 🧑🤝🧑 For those who may not have followed the IPO that closely, some background. @deepigoyal has flipped Zomato’s fortunes in 18 months, and the journey has not had it easy. lnkd.in/gjhDZ6i [Free read]
. @vijayshekhar shares @Paytm stats for 2019
Paytm is the most comprehensive payment app, he says
300 million wallets
100 million UPI handles
220 million saved cards
55 million bank accounts
150 million annual transactions
Half a million deployment of all-in-one QR code
@vijayshekhar@Paytm In merchant payments - debit cards market share is being taken over by UPI, not wallet market share - @vijayshekhar says