Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy
Market Expert Ambareesh Baliga opines that the service may be successful as customers may continue ordering food from Zomato on a daily basis.
Food delivery services platform Zomato Limited has launched home-made food service ‘Everyday’ at just Rs 89. The company claims to be offering fresh home-style meals at affordable prices. On Wednesday, Founder and Chief Executive Officer Deepinder Goyal tweeted to inform about the launch.
“Introducing Zomato Everyday - experience the comfort of affordable homely meals delivered to your doorsteps. With menus designed by real home chefs, we hope this reminds you a little of your home,” the tweet said.
Watch Full Research Video HereMarket Expert Ambareesh Baliga opines that the service may be successful as customers may continue ordering food from Zomato on a daily basis.
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