Zomato sees burn rate reduce by 60%, clocks $205m in H1FY20 revenue

Online food ordering and discovery platform Zomato said that its revenue for the first half of financial year FY 2019-2020 (H1FY20) touched $205 million, up from $55 million reported in the same period last year, driven by an increase in order volumes on its delivery business, according to the company’s half-yearly report released on Tuesday.