While more mature bets like quick commerce and B2B grocery supply are showing early signs of financial stability, newer initiatives are still weighing on the group’s profitability, which is largely driven by food delivery. Zomato, the company’s food delivery platform, turned profitable in Q1 of FY24 and has been spewing cash to the tune of about Rs 500 crore every quarter.
ETtech pores through the financials.
What stood…

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