7 Key Highlights From Zomato’s 2023

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After discontinuation of its loyalty programme in 2022, it made a comeback in early 2023.

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Zomato pulled out of 225 cities in January in a bid to improve operations. Zomato dissolved multiple subsidiaries in countries including Slovakia, Indonesia, and Portugal.

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Business restructuring measures helped Zomato turn Adj. EBITDA positive (INR 78 Cr) and overall profitability in Q1 & Q2 FY24.

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After multiple 2022 exits, 2023 saw cofounder & CTO Gunjan Patidar exiting the startup.

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Zomato started charging INR 2 - INR 5 per order, per user as a platform fee from mid-2023.

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The quick-commerce business’ performance improved; and its contribution as a percentage of GOV in the overall business turned positive (+1.3%) for the first time in Q2.

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Tiger Global, Alipay, and SoftBank exited Zomato in 2023 by selling their stakes via large block deals, cumulatively worth INR 5,586.7 Cr.

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2023 Year-In-Review: Zomato’s 2023

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Revisiting Zomato’s 2023

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7 Key Highlights From Zomato’s 2023

After discontinuation of its loyalty programme in 2022, it made a comeback in early 2023.

Zomato Gold

Zomato pulled out of 225 cities in January in a bid to improve operations. Zomato dissolved multiple subsidiaries in countries including Slovakia, Indonesia, and Portugal.

City & Country Exits

Business restructuring measures helped Zomato turn Adj. EBITDA positive (INR 78 Cr) and overall profitability in Q1 & Q2 FY24.

Profitability

After multiple 2022 exits, 2023 saw cofounder & CTO Gunjan Patidar exiting the startup.

Top Level Exits

Zomato started charging INR 2 - INR 5 per order, per user as a platform fee from mid-2023.

Platform Fee

The quick-commerce business’ performance improved; and its contribution as a percentage of GOV in the overall business turned positive (+1.3%) for the first time in Q2.

Blinkit’s Improving Business

Tiger Global, Alipay, and SoftBank exited Zomato in 2023 by selling their stakes via large block deals, cumulatively worth INR 5,586.7 Cr.

Block Deals

2023 Year-In-Review: Zomato’s 2023

Revisiting Zomato’s 2023