Zomato posts USD 294 mn loss for FY19; revenue up 3-fold to USD 206 mn

Zomato posts USD 294 mn loss for FY19; revenue up 3-fold to USD 206 mn

  • 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.


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