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Zomato sees over 80% drop in burn rate

Zomato sees over 80% drop in burn rate

Thursday, April 6, 2017, 9:27 AM

Food search, restaurant discovery and online food delivery firm Zomato has witnessed an 81% drop in annual operating burn for FY17 at $12 million compared to the $64 million it accrued in FY16, the company said. This fall in burn comes with an equally similar surge in revenue for the company’s Indian operations at $49 million an 80% rise over FY16.
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