Zomato bottom line takes a hit in India

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Discounts on delivery and the reopening of dining-in have led to Zomato taking a hit to its bottom line in India. The food delivery company reported lukewarm Q3 results, causing shares to tumble by 9%. Zomato offers free delivery to customers in 700 cities. "Zooming out from the current quarter, we ...

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Zahrah Imtiaz
Managing Editor, based in Colombo, Sri Lanka.