Zomato Q2 results: Revenue rises to Rs 1,024 cr yet loss widens to Rs 435 cr; announces 3 key investments
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Online food delivery firm Zomato said its revenue from operations jumped to Rs 1,024.2 crore in the quarter ended September compared to Rs 426 crore during the same period a year ago. The company’s losses went up to Rs 434.9 crore against Rs 229 crore a year ago during the same quarter. Importantly, Zomato also announced its plans to deploy $1 billion in startup over the next couple as it announced key investments in three companies -----logistics aggregator Shiprocket, local shopping and savings platform Magicpin as well as fitness startup Cultfit, earlier known as Curefit.
via Economictimes
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