Zomato’s revenue from operations doubles to Rs 2,604 cr amid pandemic

The coronavirus pandemic has accelerated the adoption of services by food delivery giant Zomato. The Gurugram-based company said its revenue from operations has grown from Rs 466 crore in FY18 to Rs 2,604 crore in FY20, signifying around 5.5X growth over the three-year period. Revenue from operations for the nine months ended December 31, 2020, stood at Rs 1,301 crore.

“In particular, as lockdowns, in response to the Covid-19 pandemic, eased in India towards the end of May 2020, our food delivery business started recovering. In the third quarter of FY21, we recorded the highest GOV (gross order value) in any quarter till December 2020,” said the company. “The accelerated growth of our business, stemming from the effects of the Covid-19 pandemic, may not continue in the future.”