Indian online food delivery platform Zomato said today that it has turned a profit for the first time in the three months to the end of June, with profits of Rs 20m ($275,000), up from a loss of Rs 1.86bn ($25m) a year ago. The company’s revenue rose to Rs 24.16bn ($330m), up from Rs 14.14bn ($193m) last year.
Zomato posts first-ever net profit of Rs 2 crore in Q1
Indian online food delivery platform Zomato said today that it has turned a profit for the first time in the three months to the end of June, with profits of Rs 20m ($275,000), up from a loss of Rs 1.86bn ($25m) a year ago. The company’s revenue rose to Rs 24.16bn ($330m), up from Rs 14.14bn ($193m) last year.