Zomato posts Rs 2,035 crore loss for FY19; revenue up 3-fold to Rs 1,425 ccore

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Zomato posts Rs 2,035 crore loss for FY19; revenue up 3-fold to Rs 1,425 ccore

The company will continue to invest in growing the market at the same pace as long as there is long term value to create, it added.

https://www.moneycontrol.com/news/business/star...

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Deal Cadet Deal Cadet
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only on papers they are in loss,
they are way ahead of their declared revenue confused

Deal Subedar Deal Subedar
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I don’t think zomato was in loss because they dont give much offers. Food is costly.

Critic Critic
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I was a frequent customer to this restaurant, they use to sell biryani for 140rs, after zomato happened, their prices have been sky rocketed to 210rs. Even after their 50% or 40% discount, with delivery charges. restaurant charges i end up paying 150rs. price wise i dont think zomato is making any loss.

Deal Cadet Deal Cadet
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Accounting losses are mostly for tax evasion.

Pro Community Angel Pro Community Angel
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Always sunglasses

Deal Cadet Deal Cadet
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Yes, i have seen restraunts raise their pricing on zomato. If you go directly, they charge less

Deal Cadet Deal Cadet
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Minimum 25% margin is their

Benevolent Benevolent
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I wonder what went wrong in the past two years.

Zomato is now a profitable company: CEO
https://timesofindia.indiatimes.com/business/in...

They declared to be profitable across all verticals in all countries of operation back in 2017.

Benevolent Benevolent
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That’s strange o.O

Vanguard Vanguard
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Delivery guys eating away their profits

Comrade Comrade
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Zomato planning to buy Dunzo as well.. they’re making good revenue but little losses

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