16-April-2024
Corporate News
 
Zomato revenue doubles to $394 million in FY20
11-Jul-2020

Online food-ordering platform Zomato on Friday said revenue for the fiscal ended March 31 more than doubled to $394 million, even as losses widened to $293 million from $277 million in the previous fiscal. The restaurant discovery platform is on track to recover 60% of its monthly revenue in July compared to the pre-Covid-19 peak in February, it said, even as cash burn rate has fallen after its food-delivery volumes dropped significantly in April-May amid a lockdown when consumers refrained from ordering in.

News Source:- https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/zomato-revenue-doubles-to-394-million-in-fy20/articleshow/76903984.cms