By becoming the first startup to debut on the Bombay Stock Exchange's (BSE) Sensex, food delivery giant Zomato Ltd. has created history. It has replaced steel giant JSW Steel Ltd. in the benchmark index of India's top 30 companies.

According to brokerage firm Nuvama, this historic inclusion is anticipated to result in outflows of 2,142.91 crore from JSW Steel and inflows of 4,362.35 crore into Zomato as of December 23, 2024.

With shares of Zomato up 126% year over year and nearly 43% over the last six months, the inclusion comes at a time when the company's stock is surging. Investor confidence has been enhanced by the company's improved unit economics, particularly in its quick-commerce segment.

In Q2 FY2024–2025, Zomato also reported a strong 69% year-over-year increase in consolidated revenue to 4,799 crores, with net profit tripling to 176 crores.

Zomato's market capitalization of 2.72 lakh crore has overtaken JSW Steel's valuation of 2.24 lakh crore. UBS analyst’s credit Zomato's efforts towards profitability for the stock's 150% increase in value during the previous 18 months. This significant event shows how tech-based businesses are becoming more and more important in India's business environment.

Zomato's prolonged inclusion in the Sensex 30 speaks volumes about its remarkable development, strategic direction, and the growing recognition of startups in traditional financial markets. This reflects how the Indian entrepreneurship scene is evolving and serves as motivation for up-and-coming businesses hoping to make a name for themselves internationally.