India: Zomato posts $294m loss, three-fold jump in revenues in FY19

Online food ordering and discovery platform Zomato witnessed a high revenue growth over the last one year, but expenses rose at a much faster pace. The Gurgaon-based company saw its total revenues shoot up from $68 million in2017-18 to $206 million in 2018-19, primarily driven by the delivery vertical, according to the company’s annual report.