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Zomato's loss widens to Rs. 359cr despite 75% revenue increase

Shortpedia

Content Team
Image Credit: money control

Food delivery platform Zomato released a contrasting March quarter report. In Q4 of FY22, the company posted a consolidated net loss of Rs. 359.7 crore, up from Rs. 134.2 crore in Q4 of FY21. The revenue climbed 75.01% to Rs. 1,211.8 crore from 692.4 crore year-on-year (YoY). The company's average monthly users rose to "an all time high of 15.7 million."