Zomato at 18: Analysts Weigh Valuation as Blinkit, Hyperpure Drive Consumer-Tech Pivot

On its 18th anniversary, Zomato has evolved from restaurant discovery into a broad consumer-tech player. Market experts assess valuation, profitability, and the growth of Blinkit and Hyperpure amid intensifying quick-commerce competition, debating whether the stock is a buy, hold, or overpriced.

— Source publishedFri, 10 Jul, 2026, 15:03 IST·First seen Fri, 10 Jul, 2026, 15:28 IST·Source Business Today · Latest

What happened

Zomato marks 18 years, evolving from restaurant discovery to a major consumer tech player. Market expert analyzes valuation, profitability, Blinkit and

Key facts

  • 18 years

Why this matters

The Blinkit and Hyperpure momentum reframes Zomato as a multi-vertical consumer-tech platform, opening potential for further quick-commerce consolidation and supply-chain acquisitions to defend market share.

What to watch

  • Next quarterly Blinkit adjusted-EBITDA trajectory and dark-store count
  • Take-rate and platform fee changes across food delivery
  • Competitor funding rounds and discount-war intensity
  • Consumer discretionary spend and urban demand signals
  • Regulatory noise on gig-worker and quick-commerce operations
  • Expect competitor capital raises and dark-store expansion announcements from Zepto/Instamart
  • Zomato to emphasize Blinkit unit economics and ad-monetization in next earnings guidance
  • Analysts to publish split buy/hold/sell views anchored on quick-commerce path-to-profit
  • Hyperpure margin and scale disclosures likely to increase in investor communications