Zomato posts USD 294 mn loss for FY19; revenue up 3-fold to USD 206 mn
4 April 2019 6:30 PM GMT
Revenue for the dining out segment rose to USD 49 million for FY19 from USD 30 million in FY18.
- Online food ordering firm Zomato Friday reported a loss of USD 294 million (about Rs 2,035 crore) for the year ended March, even as revenues jumped three-fold to USD 206 million.
- The company said total cost increased to USD 500 million for FY19 as against USD 80 million in FY18.
- Delivery revenue for FY19 is USD 155 million compared to USD 38 million in FY18.
Next Story
