Newly-listed Indian food delivery giant Zomato reports June quarter loss

Newly-listed Indian food delivery giant Zomato reports June quarter loss

Photo: Zomato

India’s Zomato Ltd reported a loss for the quarter ended June in the first results update since its listing last month, as the pandemic hurt the food delivery company’s dining-out business and it incurred higher expenses.

Together with SoftBank-backed startup Swiggy, Zomato has come to dominate an Indian delivery market that benefited from the pandemic as people stayed in.

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