Zomato has grown from a small startup into one of India’s largest food-tech giants. The company’s turnover has seen impressive growth over the years, reflecting its expanding market presence and diverse business ventures. In the fiscal year 2023-24 (FY24), Zomato’s revenue from operations soared to ₹12,114 crore, marking a 71% year-on-year increase. This growth was driven primarily by the robust performance of its food delivery service and the rapid expansion of its quick commerce division, Blinkit.
Breakdown of Zomato’s Turnover
1. Food Delivery
The core of Zomato’s business remains its food delivery service, which accounted for a significant portion of its revenue. In FY24, the food delivery segment generated ₹6,361 crore, a substantial increase from the previous year. This segment’s growth was supported by increased order volumes and strategic partnerships with a growing number of restaurants.
2. Quick Commerce (Blinkit)
Blinkit, which Zomato acquired in 2022, has quickly become a major revenue generator. In FY24, Blinkit’s revenue more than doubled year-on-year, reaching ₹2,301 crore. The success of Blinkit reflects Zomato’s strategic shift towards diversifying its business model beyond food delivery, tapping into the growing demand for rapid grocery and essential delivery.
3. Hyperpure
Hyperpure, Zomato’s B2B platform supplying fresh ingredients to restaurants, has also contributed significantly to its turnover. This segment saw a 99% year-on-year growth in revenue, highlighting its importance to Zomato’s overall business strategy.
4. Other Segments
Zomato also earns revenue through advertising and subscription services such as Zomato Gold, although these contribute less to the overall turnover compared to the food delivery and quick commerce segments. However, they play a crucial role in enhancing the platform’s user engagement and restaurant partnerships.
FAQ
1. What was Zomato’s turnover in FY24?
Zomato’s turnover in FY24 was ₹12,114 crore, marking a 71% year-on-year increase.
2. Which segment contributed the most to Zomato’s turnover?
The food delivery segment was the largest contributor, generating ₹6,361 crore in FY24.
3. How has Blinkit contributed to Zomato’s revenue?
Blinkit’s revenue more than doubled in FY24, reaching ₹2,301 crore, making it a significant part of Zomato’s total turnover.
4. What is Hyperpure, and how does it affect Zomato’s turnover?
Hyperpure is Zomato’s B2B segment that supplies fresh ingredients to restaurants. It saw a 99% growth in revenue in FY24, contributing substantially to the company’s overall earnings.
5. Is Zomato’s growth sustainable?
Zomato’s growth appears sustainable due to its diversified revenue streams and expansion into quick commerce, although continued success will depend on maintaining profitability and adapting to market changes.