This space is highly competitive. For example, today I placed an order with Blinkit, but after waiting 20 minutes due to a server issue, I cancelled and switched to Instamart. It highlights how quickly market share can shift in this segment.
I’m holding onto Zomato because I trust the management’s execution and their ability to drive a turnaround. Additionally, I believe their Total Addressable Market (TAM) will keep expanding as more young adults graduate and join the organized workforce, particularly in Tier 1 and Tier 2 cities.
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