Zomato market cap nears $30 billion as Blinkit, Hyperpure deliver stellar growth

Zomato's market capitalisation hit $28 billion as shares rose 19% after strong quarterly results. The company reported a net profit of Rs 253 crore and a 74% increase in revenue. Contributions from Blinkit and Hyperpure played key roles in this growth. Zomato also launched a new app called District for dining and events.