The ray of hope in Zomato's grim quarterly numbers
February 17, 2023
11 min
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Episode 30 · February 17, 2023
The ray of hope in Zomato's grim quarterly numbers
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Episode 30 of 773 — walk the feed in the order it was published.
The ray of hope in Zomato's grim quarterly numbers
Summary
<p>A few days ago, Zomato announced that it was withdrawing its services from 225 cities in India on account of "not so encouraging" performance.</p><p>Last week, the food tech giant also reported its financial results for the last quarter of 2022. It saw its losses soar 5X to nearly 350 crore rupees.</p><p>The volume of orders also declined during this period. But in these numbers there also lies hidden a glimmer of hope for the company.</p><p>Tune in.</p>
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