After years of losses, Zomato posts profit for first time
Image Credit: ft
Zomato, India's online food delivery giant, has achieved its first-ever quarterly profit in Q1 2023, reporting a net profit of Rs. 2 crore. The company's revenue skyrocketed by 70.9% YoY to Rs. 2,416 crore. In the same quarter last year, Zomato had recorded a Rs. 186 crore net loss. This milestone marks a major accomplishment for Zomato.