Page 34 - Zomato
Zomato's co-founder raps HSBC markdown
Says his firm doubled revenue in 9 months, reduced cash burn by 70% and will become profitable within a year
 "Zomato's co-founder raps HSBC markdown")
Zomato refutes HSBC report; says investors back co's valuation
The CEO countered the claims that Zomato hasn't been profitable in any of the 23 markets that it is present.
 "Zomato refutes HSBC report; says investors back co's valuation")
Zomato's Deepinder Goyal disputes HSBC 50% valuation markdown
In a blog post, the Zomato founder said the report is an outlier and has contradictory data on market share, defends profitability
 "Zomato's Deepinder Goyal disputes HSBC 50% valuation markdown")
Zomato opens new vertical for fresh revenue stream
Eyeing a fresh revenue stream, restaurant search, discovery and ordering portal Zomato has launched Zomato Base, a cloud-based point-of-sale (POS) management product."It is basically a product that takes care of all the back-end operations till the final bill of food is given to the customer. POS technology available in India is outdated by a decade. There are very few cloud-based POS technology options available in the country," said Pankaj Chaddah, co-founder of Zomato.According to Chaddah, Zomato Base is a powerful and easy-to-use Android-based POS system offering restaurants a host of features including menu, recipe and inventory management; a built-in payment solution that accepts debit and credit card payments; CRM; and real-time analytics, among others."Zomato Base was piloted at The Beer Cafe outlet in Gurgaon earlier this year and has been tweaked overtime to cater to the unique needs of each of the chain's 35 outlets across Delhi NCR, Bengaluru, Mumbai, Pune, Chandigarh, Amri
 "Zomato opens new vertical for fresh revenue stream")
