Zomato Q2 results: Revenue rises to Rs 1,024 cr yet loss widens to Rs 435 cr; announces 3 key investments

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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