Wholesome meal at a deal! Motilal initiates coverage on Zomato, sees 30% upside
In its report, Motilal stated that the food delivery industry in India is all set to grow rapidly in the medium term driven by intensifying internet penetration, rising consumption and growth in urbanization. “Zomato is a dominant player in the industry and we forecast the company to report 29% revenue CAGR over FY23-25,” it said.
