Zomato's revenue doubles to Rs 2,743 cr, losses up 138% to Rs 2,386 cr

The Deepinder Goyal-led firm's total expenses for the fiscal were reported as Rs 5,006 crore. Zomato is gearing up for an IPO this year

Food delivery giant Zomato reported its revenues for the financial year 2019-20 at Rs 2,743 crore on a consolidated basis, up about 100 per cent since the last financial year. The Gurugram-based unicorn also reported a consolidated net loss of Rs 2,386 crore during the same fiscal, up 138 per cent from the previous financial year, showed regulatory documents sourced from business intelligence platform Tofler. The Deepinder Goyal-led firm’s total expenses for the fiscal were reported as Rs 5006 crore.

During the financial year, Zomato had bought certain specified assets and received the benefits of certain covenants amounting to around