Tag: Indian food delivery

Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares and expanding to 2,000 stores by 2026 as competition intensifies in India's delivery sector.(Reuters)
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Zomato misses Q2 profit estimates, hurt by store expansion costs

 October 22, 2024  Leave a Comment on Zomato misses Q2 profit estimates, hurt by store expansion costs

Oct 22, 2024 04:34 PM IST Zomato plans to raise 85 billion rupees through share issuance and aims for 2,000 stores by 2026 amid increasing…

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