Time to start nibbling in PayTM? How to play Q-comm stocks? Pashupati Advani answers
Pashupati Advani, Founder, Global Foray, says the Q-comm space is getting bigger because new players are coming in. The moat is there, but not big enough that people cannot approach it. The quick commerce business is supposedly the new play and Blinkit is very strong in that space. Advani does not know what is going to happen, but it is going to be a bit of slugging, a bit of loss.
There was no chance that Zomato would continue to chug along at this kind of pace. Of course, there seems to be a one-time adjustment right now, maybe it was on account that ticketing businesses of Paytm that they acquired. I guess with structural stories like Zomato, it is a factor of how much you want to pay for the business, it is all about valuations.
Pashupati Advani: I think Zomato has built a moat, but I do not know if the moat is big enough because there have been a whole bunch of new players that are trying to get in and using price, they are taking away, they are chiselling away some of the market share. As they say, the jury is out. We do not know what is going to happen finally. But this space is here to stay. They are getting more efficient. China has been doing 30-minute deliveries. Probably before Covid they were doing it. So, there is no reason why we cannot do 30-minute deliveries on everything. Zomato is definitely a big player and it is here to be in this space.
Where do you see Zomato, Swiggy and now also Zepto, which is looking to file the DRHP for the IPO? How are all these counters looking to you given that
