Zomato posts Rs 2,035 crore loss for FY19; reve...

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

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Deal Lieutenant
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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...

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

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

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Deal Cadet
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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.

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Deal Cadet
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Accounting losses are mostly for tax evasion.

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Shopping Friend
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kkrulesdnation wrote:

Accounting losses are mostly for tax evasion.

Always sunglasses

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

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Deal Captain
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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.

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SettingBhai wrote:

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

Minimum 25% margin is their

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Deal Subedar
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That’s strange o.O

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Deal Cadet
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Delivery guys eating away their profits

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

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