Zomato exits 225 cities, reports losses of Rs 346 crore: All details here

In Short

• Zomato has ceased operations in 225 smaller cities

• Zomato says that the performance of these cities was ‘not very encouraging’

• The company reported losses of Rs 346.6 crore in its Q3 report

Zomato, during its quarter three financial earnings report, noted that the food delivery tech company’s losses have widened further. The company also announced that it has ceased operations in 225 smaller cities as the performance of these cities was ‘not very encouraging’. The company reported losses of Rs 346.6 crore for the quarter that ended in December due to the reduction in food delivery business.

(This copy was first published INDIA TODAY)

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