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Moreover, this step forward is seen as a major move by the tech driven food company.

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Its market capitalisation is currently at Rs 2.75 lakh crore, with a price-to-earnings (P/E) ratio of 345.04.

nagalandstatelottery in for indians for experts ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.At this level, this food delivery giant’s valuation has surpassed some of India’s most prominent automotive companies – Tata Motors, and Bajaj Auto.Tata Motors which is an Indian multinational automotive powerhouse, has amarketcapitalisation of Rs 2.74 lakh crore as of now, whileBajaj Auto, a leading two-wheeler and three-wheeler manufacturer is valued at Rs 2.51 lakh crore, highlighting that Zomato’s market cap is now higher than the two key players in the market.Let’s take a look at the reasons behind this transition and what it means for both the companies, the replaced and replacing.Arch rival of Swiggy, Zomato’s inclusion in the Sensex is a result of its strong performance in 2024.

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nagalandstatelottery in for indians for experts ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.This growth also gave a positive trend to the company’s financial performance.Also Read:International Gemological Institute (IGI) Share Price, IPO Listing Live Updates: Check listing, date, time, GMP, and other details“Zomato-owned Blinkit’s recent launch of ‘Bistro’, a 10-minute food delivery app, was a low-key affair.

nagalandstatelottery in for indians for experts ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.Our recent checks, however, suggest the platform opens up a wide range of use cases that were hitherto not getting adequately addressed through Zomato’s own food delivery app.

For example, the Bistro app offers a wide range of convenience food at relatively affordable price points through self-operated kitchens, akin to the ubiquitous canteen service.

In fact, Bistro’s within-10 minutes-delivery proposition should help the company better penetrate breakfast and evening snacks meal consumption in high density micro markets in Tier 1 cities, while also improving the visibility for its value meals (Zomato Everyday) proposition.

nagalandstatelottery in for indians for experts ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.Bistro’s selection and price points suggests it will likely compete with Zepto Café rather than Swiggy’s Bolt or Zomato’s own 15-min food delivery offering, thereby reducing chances of conflict of interest claims by third-party restaurant partners.

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