Meals and health will develop into the “identical aspect of the coin” sooner or later, in line with Zomato, and the 2 corporations might probably cross-promote their merchandise inside their respective userbases. Nevertheless, neither the investing enterprise nor the investee firm has ever turned a revenue of their historical past – Zomato recorded losses of Rs. 816 crore in FY21, whereas Curefit reported losses of Rs. 741 crore in FY20. Given the corporate’s latest actions, Zomato’s diversification right into a health agency is shocking.
Zomato has just lately shut down companies that seemed to be exterior of its foremost restaurant search and meals supply enterprise in India — the corporate has shut down a number of subsidiaries exterior of India and its well being dietary supplements and grocery supply companies. Zomato, alternatively, seems to have invested $100 million in a agency that isn’t instantly associated to meals or supply.
Comments
0 comments