Zomato founder becomes a billionaire
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- Опубликовано: 26 авг 2024
- Deepinder Goyal’s net worth exceeds Rs. 8,300 crore. The billionaire explained how Zomato makes money. @beerbiceps
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The entire business model is skimming workers and yielding profits.
sounds like any other organisation
That's how business works
what BS
you get food at the comfort of your own home,
you can send fresh food from restaurants which your old parents at home (when i am traveling i dont need to worry about groceries or food for them a few taps and within a short time stuff is delivered) ,
the convenience which zomato and swiggy offer far exceeds the 20 30 rupees you might save ,
i literally order 3 to 4 times a week and this is since 2017 or so , when Uber eats came in big. kudos to all these apps , and I support them totally ,
The delivery boys who are otherwise not educated are making about 15 to 20k per month, which otherwise would have roamed the streets and turned to crime, aren't you happy that they are at least working??
Someone has to suffer for some else's comfort. Literally 99% companies are like this
Someone has to suffer for some else's comfort. Literally 99% companies are like this
20-25 rupees delivery..?? i have never seen a delivery charge less than 36 Rupees even for under 1 km.
so, that is what they charge from the customer right...the rest will be from the inflated revenue....basically from the gross profits....
*1000 ka Commission rate ni Bataya* 😂😂
300-400 he said having a revenue of 100 or around 15-17% excluding delivery charges . so for 1000 deir revenue around 150-170rs remove 15% for delivery ,gateway charge tat &this it comes to 120 -130 range or 12-13% they r trying to earn on a succesfull order.
Restaurants cost - 100 (offline)
Delivery charge - 40
Restraunt increases cost by 30% to compensate for commission - online 130
Compensation for promotional discounts 50% increase - 180 new online
GST - which is already included in that 100 offline becomes a new cost online - 22 rupees
Convenience fee - 5-10 rupees
Total - 180+40+22+10 - 50 promotion = 202 for a 100 rupees meal. I stopped using such apps to order after realising this
It is same with all the recent apps that tells that they make your life easier. But indirectly you are wasting money which is not making your life easier and also not making society's life easier. Always rising inflation is not good for anyone.
you get convenience, you pay the premium
no one asks you to go to a tuition class, you want convenience, you pay the premium
@@user-uf3qx3ey8wkyu premium bhare hum normal logo k liye kya hai premium baat whi hui aise ya waise in logo n paise to lene hi hai khana ka bill km ho aur duniya k charges add kr dete hai😅
Ultimately at the end of the day it’s a business model. And it’s designed to make them money. Every businessman thinks about profit , so he’s not wrong in trying to make money from the app. Yes some marketing tactics are frustrating , but it is what it is. We do have to look at the positives as well, his single venture has created millions of jobs for so many people , plus given us the convenience of having food delivered to us within minutes. Yes it can sometimes feel like we’re overpaying for stuff , but considering all aspects of, I don’t really mind shelling out the extra odd 50-70 rs .
absolute BS analysis,
you get food at the comfort of your own home,
you can send fresh food from restaurants which your old parents at home (when i am traveling i dont need to worry about groceries or food for them a few taps and within a short time stuff is delivered) ,
the convenience which zomato and swiggy offer far exceeds the 20 30 rupees you might save ,
i literally order 3 to 4 times a week and this is since 2017 or so , when Uber eats came in big. kudos to all these apps , and I support them totally ,
Any business that thinks it’s customer is a foool is doomed to fail!
U r the fool 😂😂
well, then almost every social media giant, is selling us in some way by our info ......so, does that mean, they consider us fools, and even if they do, the business are giant af....not dooming, just glooming.....cheers!!
He is bound to become one as he has multiple sources of income like platform fee, packing fee, handling fee, small cart fee, why did you open the app fee etc
Hmm like telecom these guys will also increase minimum order value for free delivery ryt now it’s 200
Zomato has IPO, and he has the most shares in it, that’s how he became a billionaire
well, then thats how all billionaire's become billionaire....like what in the world are u trying to prove
Rich is becoming richer while poor is becoming poorer
One year back share price of Zomato was 70 rupees. Now it is 220 rupees. Even poor people have made money after buying Zomato share. They don't become rich alone. They make investors rich as well. Change your mindset.
People who don't try will get poor
That is their fault. Not the rich.
@@noice8674 yep bro zomato is also providing many upsc aspirants empowerment who are very poor go to mukherjee nagar you can see it
He was not that rich to start with... He comes with IIT degree as well mr eng
Bro became billionaire by increasing platform fee from 1rs to 6rs 😂
True
2+2 = 4
allahbadia .. ohhhhh ! 😲
🤣🤣
He literally answered none of the questions properly, it seemed like even he didn’t know what his business is
Lol, you should be a guest there because i guess you know better than him how the business works
It seemed more like he's trying to hide
well, thats your analysis....I rather think, he is great at not giving away everything out here in the public.....cuz the part where he says 17-18 lelo, he is really dodging it, cuz that is in his best interests.....clever guy is, what he is..
Lessons on how to be a billionaire by charging
60₹ packaging charge
15₹ GST on packaging charge
7₹ handling fee
Not to mention over hiked prices of the menu and illegal extra gst charges on that
Feeding India bhi na tick htao to wo bhi hum hi bhare😂😂
@@teabreak4248 haan! Itna hi feed karne ka shaukh hai toh packaging charge kyun nahin de dete unhe
@@hemlokimtty bilkul
Keep adding all kinds of new charges at checkout and you'll soon become a trillionaire
Dekh b leta ...bt is bhai k sath podcast 😮
I used to think there are no stupid questions , but ranveer proved me wrong🤣😂
Everyone thinks Zomato is a food delivery company, which clearly it's not; It's a DATA company.
rehne de tu
He is a lier
the stock market bubble has played the key role to make him a billionaire .Today zomato has P/E ratio of 567 which is unimaginable.This retail stock market bubble will collapse soon and a lot of money will be lost,I might be wrong
Congratulations ❤🎉
Swiggy is far better then Zomato in term of giving discount....Zomato is nowhere to it in my area...
He could be a politician, giving such diplomatic answers 😂
First of all 1-2rs per order is vastly wrong , they take 5-6 rs per order as platform fees only , plus a commission from the restaurant as well as the driver. But let’s say for arguments sake that they’re making 2 rs pure profit per day per order after paying all their dues , salary etc. That’s still a massive amount as there are almost 10-12 lakh orders placed from zomato every day , and it shoots up to 20-25 lakh during festivals/weekends/ promotional offers. That’s minimum 20 lakh profit PER DAY. This is after all the pennies that zomato offers to its riders and staff.
This model is bringing in close to 72 crores per annum of pure profit. And that is the minimum ballpark, the real amount would definitely be much higher.
Credit where it’s due , this guy has made a fabulous business model , deserves to be a billionaire. Also think about his impact on the economy .His single venture has created millions for jobs for so many people.
India is a wonderland!
I have bought a lot of stocks of zomato. Hoping it grows a lot.
😂 good luck with P/E ratio of 500😂
It's a company in debt. It will never perform as good as IT stocks
bought at 180, sold at 277. thank you for your great advises.
As of May 2024, Zomato delivers over 1.3 million orders per day from over 150,000 restaurants across India
That Mean 1.3 million * 1 = 10,87,27,970.00 /- Profit In a Day
Har order 400₹ ka hoga?
in india it doesn't make any sense to order food online, you have restaurants on every corner, they stay open for early as well as late hours....They serves alomsot everything Pureveg, nonveg, jain food, vegan etc... why you need to order from 30 km away??? just to burn fuel delivering the same food which you can eat in your nearby restaurant.
Finally delivery partner get very less amount
South Indian humble tiffin which cost 250 for four would be delivered at 500 rs .
Do your math and tell why this guy will not be next Ambani in 10 years .
Not an honest interview and he didn’t disclose clearly on few things
He is not now shares fell today
My fucking god this much?????? Ludicrous
Brilliant man he is
Appreciate his Honesty but rs 1 would be dishonest
I am Zomato delivery boy i know how heard it to get food to your tablet when its raining ❤❤
This is a fucking business, this business model is yielding profits. Encouraging all the fucking restaurants
1/2 RUPAYEE ? aur humare desh ka population? kaise bol raha hain jaise kuchh nahi kamata
140 crore order nhi kar rahe bhai... Only top 10 percent do. And usne to bola ye 1 rupya in scale becomes huge...
Zomato mere liye acchi hein when I am too busy to fetch food from far off distance.
Simple basha: Dalla hai Zomato restaurants ka🤣🤣🤣
Bhai real business model nahi batyega he knows zomato kaise paisa kamata hai 😂
Come on Deepinder, Absolutely Lying when it comes to Commissions from Restaurants! Any restaurant will tell you the commission is around 23-25% ! Harassment from their representatives is a yearly affair!
Still despite their f*ckups , he can’t let me speak to their customer support team
What about the Delivery Partners. Unki life toh waisi ki waisi hai
"You can't fool an idiot". He's trying to obfuscate and the interviewer is so lost
I'm not gonna buy from here anymore 100 percent promise coz u increased ur prices it's draining up my money
But delivery partner earn bare minimums
Kitna khabrara h charges batane m.. Ham s toh khat s lele 😂😂
Biggest scam in the food industry .
Buts it's legally done.
It's actually milking the customers left ,right ,straight.
आईएम जोमैटो राइडर भाई मेरे से प्रैक्टिकल इंटरव्यू कब लोगे?????????
beech main itna vaahiyat clips daalna zaroori hai kya bhai.
3:54 Abe saale wo profitable hai bhi nahi, loss making company hai, sirf ek baar profit kamaya hai wo bhi ₹1.2 Crore ka kyuki tax refund ya kuchh waisa mila tha.
Baniya😊
Just imagine a business spending 20-25% of its margine on a Multibillion doller company just to make them more richer...
Zomato has a worst business model it is consumeristic and capitalistic in the nature while delivering minimal value to the business owners... selling for lower price doesn't make your business profitable, it just disturb whole system where consumers get addicted to discounts and purchessing more and more whereas business follows bad practices just to survive in the rut.
Red shirt guy neck broken?
No. Just his brain
his company's PE ratio is literally 500+
Overvalued company.
Founder billionaire ban gaya hai aur Riders ko 500 rupees nahi milta hain 8ghanta Kam kar k wah re system
He is blabbering and not stating the exact points. In a nutshell charging more additional fees from customers and cutting the wages of delivering guys.
I stopped using swiggy and zomato way back 2022. We are paying for their burden!
How is he a billionaire when his entire company is making loss after loss. Each year his company makes loss of nearly 1000 crores and the profit they show is not enough to cover up it's losses.
Its the share price and the number of shares he owns, IF he sells those shares he will get a Billion dollars, thats how this works, HE DOES not have a billion dollars in his bank right now if thats what you are assuming
What's even he is talking.. Such a stupid interview
So?? Is this news? Who is becoming millionaire nd who is becoming billionaire? 🤦 What's there in it for 99.9% Indian population
Lies lies lies…. He scams a lot. They add lot of additional charges unnecessarily. And the prices of items are higher on app than in the restaurant. And these days they are giving no refunds on damaged orders.
Also mention the cancellation fee you charge which is literally 100% of amount of order, bullshit you’re printing millions
Looting company
Ab sab comments pe good for nothing log rr karenge rich ar getting richer saaar where is my money saaar I won't work but I wanna be rich saaar pajeets 😂
Tu bhi unhi good for nothing mein se hi hai bkl.
bc, share girwa dia
Losers and haters coming in 3,2,1...
A gaye😂
First Comment, can I get pinned?
#aljajeera #news #SaveBangladeshiStudents #BBC #BDStudents
business to chutiapa hi hai tumhraa. Aage jaake khud ke restaurant khologe to paisa banega. warna delivery cost will keep on increasing. eventually tech se kuch khaas faida nahi hona
He has to become a billionaire for all the additional GST charges we pay and the 3rs maintenance charge each order 🫠