Quick commerce profitability to be impacted once companies take inventory control: Capitalmind’s Deepak Shenoy

Quick Summary:

Zomato's Rs 8,500 crore qualified institutional placement (QIP) is expected to pave the way for the company to gain control over inventory, which it currently lacks due to India's foreign investment rules in retail.

This is not visible on Zomato’s balance sheet because they don’t officially own any of these entities.

Shenoy shared these insights with YourStory’s founder and CEO Shradha Sharma during a virtual session on Saturday.

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Article Details

Author / Journalist: Pranav Balakrishnan

Category: StartupsEconomyBusiness

Markets: India

Topics: Control Zomato’s Quick Policy Costs Foreign Commerce Shenoy Privacy Companies Inventory

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 01:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23994392

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 4 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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