Zomato delivers in Q2: Brokerage firms bet big on Blinkit, say building war-chest to deter competitors, fund further expansion

Zomato posted another robust quarter with Q2 revenue of Rs 4799 crore led by growth in Blinkit, Hyperpure and Going Out segments, even as the Food Delivery segment continued on its steady path. Zomato’s food delivery GOV grew at a steady pace of 21 per cent, Blinkit grew at a healthy pace of 122 per cent YoY on the back of accelerated store expansion done over the last three quarters. Going Out and Hyperpure segments too saw very strong sequential expansion during the quarter.