Zomato's Indian operations has nearly doubled revenues even as losses mounted more than three-fold in the fiscal 2016, according to the latest disclosure made by investor Info Edge.
For the year ending March 2016, Zomato posted revenues of ₹87.5 crore for the India region, up from ₹46 crore revenues in 2015. India accounted for 47.3% of Zomato's overall revenues that stood at ₹184.97 crore for FY16.
The net loss for the India region ₹247 crore for the fiscal, up shot up to more than three times from ₹62.3 crore loss in 2015. This is nearly half of Zomato's overall net loss of ₹574.5 crore in FY16.
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