Change in tack: Zomato's side ventures continue to outshine core business

Zomato's quick commerce arm Blinkit saw its gross order value (GOV) increase by 18 per cent QoQ

As the industry-wide slowdown in food delivery business continues to affect Zomato’s numbers, with the food aggregator’s losses widening to Rs 346.6 crore in the third quarter of the fiscal year (Q3FY23), the firm’s side ventures-Blinkit, Zomato Gold and Hyperpure-continue to outshine its core business.

According to brokerage firm Nomura, Zomato’s gross order value (GOV) in its food delivery business disappointed in a seasonally strong quarter.

“Zomato’s food delivery business grew a modest 0.7 per cent quarter-on-quarter (QoQ) and 21.5 per cent year-on-year (YoY) compared to 3 per cent and 10 per cent QoQ in Q2 and Q1, respectively. On