Zomato cuts losses by 34% to â¹389 crore for 2016-17
Food discovery and delivery platform Zomato has narrowed down its losses by 34% to â¹389 crore for the financial year 2016-17, from â¹590.1 crore in the year-ago period. Zomato reported revenues of â¹332.3 crore for 2016-17, up 80.6% from â¹183.9 crore in the previous year. Zomato had earlier said that its cash burn dropped 81% to â¹77.5 crore in 2016-17.