Zomato Media Private Limited ("Zomato") is a leading food-tech company based in Gurgaon, India. Being a rapidly growing company with negative profitability, Zomato needs to raise external funds to invest in its growth and market leadership position. Consequently, Zomato is looking to raise capital to the tune of . Your Venture Capital firm is quite interested in investing in technology driven sectors in India. Zomato's leadership and the large market potential makes it a compelling candidate and you have decided to conduct further due diligence on Zomato. You are requested to conduct a thorough financial performance analysis on Zomato as below and Please provide your commentary on revenue growth and profitability trends for Zomato and whether the business makes sense from an investment perspective

Zomato Standalone Financials

Rs. Cr.	FY2015	FY2016	FY2017	FY2018	FY2019
Income Statement
Net Sales	79	134	245	371	1,159
% yoy growth rate	-		82.996	51.49
Other income	16	21	65	17	191
Total Income	95	155	310	388	1,350
Employee Expenses	98	168	187	195	409
Other Expenses	63	139	150	229	2,632
Total Expenditure	160	307	337	424	3,041
EBITDA	(66)	(152)	(27)	(35)
Depreciation	5	22	18	13	10
EBIT	(71)
Interest	1	4	15	24	58
PBT	(71)
Exceptional items before Tax	-	-	-	(7)	1,188
	-	-	-	-	-
PAT

Balance Sheet

Net Foxed Assets	16	28	13	5	35
Non-Current investments	470	698	217	418	664
Other Long Term Assets	3	10	-	0	3
Total Non-Current Assets	489	736	230	424	703
Trade Receivables	9	9	14	19	63
Inventories	-	-	-	-	-
Cash and Bank Balance	13	183	84	147	153
Current Investments	164	48	34	820	2,134
Other Current Assets	8	25	78	104	762
Total Current Assets	195	265	210	1,089	3,112
Total Assets	683	1,002	440	1,513	3,814
Long Term Borrowings	-	-	-	-	-
Non-Current Liabilities	3	121	9	6	11
Trade Payables	8	18	26	55	316
Short Term Borrowings	0	304	-	-	-
Other Current Liabilities	10	1	21	33	279
Total Current Liabilities	18	322	46	88	595
Total Liabilities	21	444	56	94	606
Shareholder's Equity	662	558	384	1,419	3,208
Total Equity + L	683	1,002	440	1,513	3,814

Answer rating: 100% (QA)

To conduct a thorough financial performance analysis on Zomato well focus on key financial metrics such as revenue growth profitability liquidity and ... View the full answer