Future Tech
India's Zomato posts smaller quarterly net loss as online orders jump
BENGALURU - Indian food delivery firm Zomato Ltd reported a smaller second-quarter loss on Thursday, helped by a sustained rise in online ordering.
Consolidated net loss for the three months ended Sept. 30 was 2.51 billion Indian rupees ($30.73 million), compared with 4.30 billion rupees a year earlier, the company said in a regulatory filing.
Revenue from operations rose to 16.61 billion rupees from 10.24 billion rupees.
- Reuters
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