Zomato losses soar in FY16, drag parent Info Edge into the red

ZomatoRestaurant listings and discovery company Zomato Media Pvt Ltd plunged deeper into the red in the financial year through March 2016 and even pushed parent Info Edge (India) Ltd into losses. Pre-tax loss at Zomato widened almost four-fold to Rs 492.27 crore in 2015-16 from Rs 136 crore the year before. Revenue doubled to Rs […]

Read more

Zomato raises $60M from Temasek, Vy Capital

Restaurant listings and review firm Zomato, which is expanding its business into food ordering and table reservation, has raised $60 million (Rs 400 crore) in a fresh round of funding led by Singapore government’s investment company Temasek and existing investor Vy Capital, as per a press statement. “We will use this round to make investments […]

Read more