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Zomato Loses ₹2,035 cr but Revenue Jumps Three Times to ₹1,425 cr
April 08, 2019
This Friday, Zomato reported a loss of 294 million USD (₹2,035 crores) for FY19 but it also reported revenue collection of 206 million USD during the same period which is 300% higher than the previous fiscal year. It also said that its total cost increased to 500 million USD for FY19 which was only 80 million USD in FY18.
The leading food ordering app said that the food delivery business in India was the main reason behind the loss.
Photo credit: maichellatin on Visualhunt / CC BY-SA
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