Zomato, a giant in the food and grocery delivery industry, has proudly announced its first-ever profit for the first quarter of the fiscal year 2024. On Thursday, Zomato shared its financial growth, with a consolidated profit after tax of Rs 2 crore for the quarter ending June 2023. This achievement comes in stark contrast to the Rs 186 crore loss reported during the same period in the previous year.
Following the announcement, social media was abuzz with conversations about Zomato’s success. Users expressed their thoughts, sending messages of congratulations, sharing humorous takes, and even creating memes about the company’s turnaround. Zomato’s CEO and founder, Deepinder Goyal, embraced the wave of positivity and humor on the social platforms.
One such exchange happened when a Twitter user named Veerendra Hegde, addressing Goyal, jokingly offered, “On a lighter note: You could have borrowed Rs 2 crore from me. What was the need to go from house to house delivering orders?” Goyal, known for his quick wit, responded to the tweet by declaring it the “Tweet of the day” and added, “ROFL!”
While the funny banter spread joy, numerous other industry leaders congratulated Zomato on their impressive achievement. Among them was Paytm founder and CEO, Vijay Shekhar Sharma, who praised the team for their “incredible efforts”.
Adding to the accolades was Union Minister of State for Electronic and IT, Rajeev Chandrasekhar. He called Zomato a shining example for all investors and startups, writing, “Congratulations! This is a bright beacon to all investors n startups that a path to profitability can & must be the outcome that all Indian Tech startups work to achieving.”
In response, Goyal humbly expressed gratitude and articulated Zomato’s mission, “Thank you so so much sir. Means a lot coming from you. We are proud to continue building Zomato in the service of our nation. We aim to make profit to build better services, not build services to make profit.”
This news story is based on the article published on businesstoday.com.
