Key Points
The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021..
CHENNAI, Nov 3 (Reuters) - India's Zomato (ZOMT.NS) on Friday reported a surprise profit for the second quarter, as consumers ordered more from restaurants and its online grocery stores...
Demand for online food ordering in India has grown in recent years, prompting delivery services providers such as Zomato and rival Swiggy to expand to smaller towns...
Zomato posted a net profit of 360 million rupees ($4.3 million) for the quarter ended Sept. 30, compared to analysts' expectations of a loss of 201.7 million rupees as per LSEG data...
Zomato has been building its dining-out business - which offers online table booking and discounts at select restaurants - along with events and ticketing platforms, while opening more Blinkit grocery stores...
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