Zomato Pulls of Unlimited Free Delivery to its Pro Members

 After a Mega IPO launch of Zomato, Zomato founder and CEO Deepinder Goyal today expressed that the food delivery app would provide "Unlimited Free Deliveries" for its existing 1.8 million Pro members. This is similar to the offering made by Amazon has for Prime customers. This step looks to churn more revenues.

He also expressed that "Unlimited Free Deliveries." is One of the most demanded features of its customers so keeping this in  my the company is going for this feature for the selected pro customers. Definitely it will be based on activity and regular purchase from the zomato app. Loyal customers to get benifitted.

Zomato Pro’s plan comes Rs 200 for a period of 90 days which includes an 30% extra off on food deliveries, up to 40% off on each dining experience,and with this more than 25,000 restaurants to deliver the food. With Zomato pro plus, the customers get unlimited free deliveries and on top of it there will be no surcharge and fee based on the distance.

Curently the Pro Plus option is just an invite-only offer for that customers can check after 2nd august. Along with this, all the present Zomato Edition Black credit card holders will also be automatically updated to Zomato pro plus. Well this option is available in the top 41 cities where the footprints of zomato is live.

This Zomato's move comes after the sense of intense competition in the online food delivery space as to your aware swiggy and amazon is always there. While Zomato and Swiggy are currently a duopoly in food delivery, they are now pulling their gears on online grocery. Swiggy has already launched its Instamar and Zomato recently has invested in grocery delivery app, Grofers.

Keeping the competition alive these food delivery app after scaling up can be good healthy choice in next 5 years.

What do you Say?

The company is trading with prev close of 138 and the target you can expect in next 5 years can be a healthy one. For me Next 1 year the Target is 200.

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 Paytm IPO  to create  20,000 Jobs with salary  of 35K +Plus

In the raining IPO's market has seen a great tendency of rise. The profits in the IPO's are humongous. With the land of Paytm in the market, it will be a great initiative for digital platforms.

With this IPO their will be entry of other job opportunities and the job market will have paytm as its new job provider. With a opportunity to earn a healthy amount of 35000 and above company wants to hire young talent. 

Paytm has started hiring the candidates who have passed 10th 12th or graduates. Specially in smaller cities this job creation will boost up young talents who were looking for the jobs in this pandemic condition.

IPO worth 16600 Crores

Paytm is ready to land its IPO of Rs 16600 crore by the end of October The Company has initiated all the necessary actions documentation for the ipo with SEBI.

Paytm is Currently Leader

Talking about the current PAYTM  value which earlier stand at $16 billion is now close $20 billion. With IPO the company is trying to eye on strengthening the complete ecosystem by acquiring  consumers and merchants. There are standard sets at the company level to boost up the next following iterations of improvements and expansions.

Retail Reservations

In the PAYTM IPO, around 75% of it is reserved for QIB among with 60% will be kept safe for anchor investors. Around 15% will be allocated to non-institutional investors and talking about the retail investors around 10% will be allocated.

Recent Revenue Data

Paytm Parent company has reported a loss of 2833 crore in the end march 31 2020 financial year. Well this was a improvement comparing to the last financial year of around 4000 crores.

Well this was the short summary about the paytm IPO in next article we will try to collect paytm data.

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