Zomato Registers 40% Growth In Two Months. Hits $100 Million – CEO

Zomato CEO Deepinder Goyal took to twitter stating that, Zomato has hit the $100 million in annual revenue, with 40% of its growth seen in the last two months. According to Zomato’s filings in 2017, it has clocked $49 million in revenue that year, with $9 million (or 18%) coming from online orders alone.

The revenue run rate (annualized) helps in estimating the company’s future growth. However, the $100 million is not the actual revenue of the firm. The actual revenue can only be known after it files at the end of the 2017 – 2018 Fiscal Year.

The firm secured a $200 million from Alibaba through Ant Financial (payments affiliate of the e-commerce giant). The current valuation of Zomato stands at $1.1 billion. In the coming year or two, Zomato is expected to ramp up its online ordering business sales to 50% of its total revenue. Zomato is owned by Info Edge firm, and its recent development comes after its co-founder Pankaj Chaddah quit the firm.

Leave a Reply

Your email address will not be published. Required fields are marked *


What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Treebo Aims To Add 500+ Properties By Next Year!

Flipkart Burnt Nearly $3 Billion In Last 10 years!