Search
Zomato plans grocery roll out
July 09, 2021
Zomato said it is recovering well after the pandemic hit year, which saw its income plunge. It said the main quarter of this fiscal was better than the similar period last year. The organization additionally said it will soon launch a grocery segment on its application. It had as of late made a major interest in grocery e-tailer Grofers.
Zomato, which is launching its IPO one week from now, reported operating revenue of ₹1,993 crore for the year ended March, down 23.5% from ₹2,604 crore in the prior year, as per its red herring prospectus.
Part of the way hence, losses are dropped, to ₹822 crore, from ₹2,362 crore. Expenses nearly halved to ₹2,608 crore, from ₹5,000 crore.
“Food delivery business was hit in the first wave of Covid because of fear of virus and surface transmission. The fear of surface transmission has gone away and we have delivered crores of orders over last one and a half year without even a single case of transmission through food delivery,” said CFO Akshant Goyal.
Important Links:
- Professional Diploma in Digital Marketing: https://tscfm.org/courses/professional-diploma-in-digital-marketing/
- MBA from UK University: https://tscfm.org/courses/mba-from-uk-university/
- MBA for Executives: https://tscfm.org/courses/mba-for-executives/