Milestone Alert Our business excluding quick commerce turned Adjusted EBITDA positive in Q4FY23 driven by the food delivery business generating INR 0.78 billion of Adjusted EBITDA in the quarter. In August 2022, we had announced that this business will get to break-even within the next 3-5 quarters, and we are pleased to have delivered on that goal in the third quarter post that announcement 🚀



Next up – we are aiming to get to positive Adjusted EBITDA (and also PAT) on a consolidated basis (including quick commerce) within the next 4 quarters 🔥



(Note: The difference between Adjusted EBITDA and Profit after Tax (PAT) has narrowed significantly over time)



<figure class="wp-block-image alignfull size-large"><img decoding="async" loading="lazy" width="1024" height="697" src="https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?resize=1024%2C697&#038;ssl=1" alt="" class="wp-image-12886" srcset="https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?resize=1024%2C697&amp;ssl=1 1024w, https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?resize=300%2C204&amp;ssl=1 300w, https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?resize=768%2C523&amp;ssl=1 768w, https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?resize=1536%2C1045&amp;ssl=1 1536w, https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?resize=2048%2C1394&amp;ssl=1 2048w, https://i0.wp.com/zomatoblog.com/wp-content/uploads/2023/05/Consolidated-2.png?w=3000&amp;ssl=1 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></figure>



<div class="wp-block-file"><a href="https://drive.google.com/file/d/13917CIypRtDtpxydl_gR9qSVfxsJaeiw/view?usp=sharing">Click here to download Q4FY23 results</a></div>

Q4FY23 shareholders’ letter and results

The Restaurant Industry in India today, truly brings India’s diversity on a platter and makes this world a smaller place, one bite at a time. We are sure you have your favourites that govern your taste buds. From the iconic &#8216;chole bhature and chaap&#8216; in Delhi to the mouth-watering &#8216;Haleem&#8216; in Hyderabad, or even the &#8216;Student favourites&#8217; dining places&#8216; in Pune, we have something for everyone, courtesy of our restaurant partners.



With just that in mind, we are thrilled to announce the return of Zomato Restaurant Awards after a long hiatus. Our mission is to honour those special places that have become a part of our lives and traditions. The pandemic has redefined our relationship with food, but the love for food is eternal. The Zomato Restaurant Awards is our way of giving a platform to our customers to recognise and celebrate the best restaurants in each category.



<figure class="wp-block-image" id="block-a31de039-d05c-44e1-a25c-edffbcb1ff67"><img decoding="async" src="https://lh5.googleusercontent.com/d0laX7gtNZ98AeKy1UyOhu5JaVgBVSpajfvKtuo6toxVF9M8h37IBh7_a7GQvBspb7h3MQ-VIjJ_7rUfTIq70APdWYLRH8p1OA6q7e0CeKD9ZLfrY9gfA6r-hcvhIoh5-5CP_vjMl8YeoKMzUCZxDf4" alt="This image has an empty alt attribute; its file name is d0laX7gtNZ98AeKy1UyOhu5JaVgBVSpajfvKtuo6toxVF9M8h37IBh7_a7GQvBspb7h3MQ-VIjJ_7rUfTIq70APdWYLRH8p1OA6q7e0CeKD9ZLfrY9gfA6r-hcvhIoh5-5CP_vjMl8YeoKMzUCZxDf4"/></figure>



We believe that customers should have a say in which restaurants are the best, and that&#8217;s why our awards are by the customers and for the customers. Every vote counts towards making that restaurant, which has brought so much joy and happiness to your lives, receive the recognition it deserves.



Join us as we give back to the restaurants that truly deserve it and create more memories over delicious food and dining experiences.&nbsp;



The power to choose is in your hands! <a href="https://link.zomato.com/xqzv/8gqnja4u">Start voting now on the Zomato app</a>.



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Our robust system effectively detects and nullifies spam behaviour and fraudulent votes, ensuring that only genuine contributions are counted.

Celebrating the best in the Industry

Fresh home-style meals crafted with real home-chefs at affordable prices.



Food comprises both health and emotion. The only place where most of us get the best of both is at home when we get a freshly prepared meal made with love. However, so many of us stay away from our families and don&#8217;t always have access to home-cooked meals.



Zomato Everyday will bring you closer to home by serving you meals that make you feel at home.



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Our food partners collaborate with the home-chefs, who design each recipe with love and care to serve you home-styled, wholesome food at the best prices within minutes. By using only the finest ingredients, the food not only tastes delicious, but every dish is of the highest quality.&nbsp;&nbsp;



And with Zomato, ordering is a breeze – simply browse the menu, customise your meal, and have hot and tasty food delivered right to your doorstep within minutes.



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/cDoceRUXcqMB1VV1tiZgUKRbIy7hJx1e4tFcst7-z23Az9cCyRIAk3Vx7dG7xJl0bFgHS3uXKgvgOvrlfvHjnrS-FVRcaPFdKp-DbIO9eOwT9uqKNybkrSN41hZCGUsN946HDZGCGOCxNHVo6Ykyl4g" alt=""/></figure>



Eating well does not have to be expensive or time-consuming. With fresh meals starting at only ₹89, our customers can eat healthier and better daily. So why wait? Try it out today and see for yourself why Zomato Everyday is quickly becoming the go-to choice for delicious and affordable meals.



P.S &#8211; Zomato Everyday is currently available in select areas of Gurgaon only.

Zomato Everyday, tastes like home

Happier delivery partners = happier customers.



Serving our customers with love is what we do at Zomato, but we know it would not be possible without our delivery partners. They are the heart and soul of our service, and their well-being is paramount for creating a positive customer experience.



Zomato was started to serve the society, and in the spirit of service, we also continuously aim to serve our delivery partners. Our delivery partners have a tough job, and we do not yet have the public infrastructure to help them do their jobs better.



We recognise that delivery partners face multiple challenges while on the job, from navigating through traffic to delivering orders in inclement weather conditions. In line with our commitment to their welfare, we are delighted to announce The Shelter Project – under which we have started building public infrastructure (called Rest Points) to support the entire gig economy and delivery partners of various companies.



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Every day, hundreds of delivery partners from different companies use our rest points



What is a rest point?



These rest points are more than just a place to take a break between deliveries. They offer clean drinking water, phone-charging stations, access to washrooms, high-speed internet, a 24&#215;7 helpdesk and first-aid support. We believe that by providing a space for all delivery partners to rest, recharge, and take a moment for themselves, we can create a better environment that promotes their physical and mental health.



We are thankful to see that these rest points have been warmly welcomed by not just Zomato delivery partners but delivery partners of multiple last-mile delivery players.



We already have two Rest Points operational in Gurgaon and have plans to create more rest points in the most densest clusters of our food delivery business. 



We recognise that this initiative is just one step in our ongoing effort to support delivery partners, and we remain committed to exploring innovative ways to create a safer and more supportive gig environment for them. If you have any other suggestions for us, please reach out to us at <a href="mailto:info@zomato.com">info@zomato.com</a>&nbsp;