Deepak Shenoy on ONDC effect on Zomato & also what caused the U-turn in market sentiment
Indian earnings are back on track with 15% median earnings growth for the Nifty companies having been announced. Coming to whether ONDC will badly impact Zomato, Shenoy says Blinkit is a bigger problem for Zomato compared to what ONDC will do on the food side of the business. The 10 minute delivery is not a greatly successful model for India right now.
