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Zomato Posts Smaller Q2 Net Loss At $31 Million As Online Orders Rise

Net loss for the three months ended Sept 30 was $30.73 million.
Net loss for the three months ended Sept 30 was $30.73 million.

Indian food delivery firm Zomato Ltd reported a smaller second-quarter loss on Thursday, helped by a sustained rise in online ordering.

Consolidated net loss for the three months ended Sept. 30 was 2.51 billion Indian rupees ($30.73 million), compared with 4.30 billion rupees a year earlier, the company said in a regulatory filing.

Revenue from operations rose to 16.61 billion rupees from 10.24 billion rupees.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)