Notably, Goyal holds 4.2% stake holding, or about 36.95 crore shares in Zomato, which went public in July 2021. His share has surged by over 300% in just the last 2 years. Recently, Zomato hiked its platform fee from Rs 5 to Rs 6 in metros such as Delhi and Bengaluru.
Strong financials
As of 31st March 2024, the company's total revenue from its B2C businesses, which includes food delivery, first-ever profit of Rs 2 crore in Q1 of FY24.
The company's gross order value (GOV) also registered a stellar rise of 30%, inching up from Rs 26,305 crore in FY23 to Rs 32,224 crore in FY24. The company is also expecting a 20% YoY growth in its gross order value in the years to come. The platform's delivery business also saw a significant rise in its average monthly transacting customers, which went up from 17 million in FY23 to 18.4 million in FY24.
In FY24, the company also generated profit after tax (PAT) worth Rs 351 crore, after reporting losses worth Rs 2,386 crore in FY20, Rs 816 crore in FY21, Rs 1,223 crore in FY22 and Rs 971 crore in FY23. Zomato first broke profits of Rs 2 crore in Q1 FY24.
Zomato's quick commerce business also registered significant growth, with the average monthly transacting customers witnessing a YoY jump of 73%, up from 2.9 million in FY23 to 5.1 million in FY24. The store count also jumped up from 377 to FY23 to 526 to FY24, with the target of crossing over 1,000 stores by March 2025.