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Key highlights from Zomato Q2 outcomes:
- The corporate’s loss widened as a result of a rise in advertising bills and supply prices.
- Supply price per order elevated by Rs 5 (approx.) from the earlier quarter as a result of extended rainfall and gasoline prices.
- The corporate has introduced that it’s within the means of promoting Fitso to Curefit for $50 million. With an extra funding of $50 million in web money together with Fitso, the corporate will buy a 6.4 per cent stake in Curefit value $100 million.
- They’ve additionally deliberate to speculate $50 million in Hyperpure over the subsequent 18-24 months.
- The corporate can also be making two minority investments: $75 million in Shiprocket as half of a bigger $185 million for an 8 per cent stake and $50 million with a complete spherical dimension of $60 million for a 16 per cent stake.
- Zomato has now dedicated $275 million throughout 4 firms within the final 6 months together with a $100 million funding in Grofers. They’ve deliberate to deploy $1 billion within the subsequent 1-2 years within the fast commerce house.
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