Business Standard



According to sources, valuation was an issue due to which Zomato failed to raise funds till now

Zomato has been able to cut losses by 34%, to ~389 cr in 2016-17 from ~590 cr the in previous year

Its revenue also saw a spike of 81% to ~333 cr, from ~184 cr a year before Its rivals Swiggy and Foodpanda have been able to get multi-million dollar cheques from global investors

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