Is zomato profitable?
In September 2017, Zomato claimed that the company had “turned profitable” in the 24 countries it currently operates in.
Zomato narrowed down its losses by 34% to ₹389 Cr for the financial year 2016-17, from ₹590.1 Cr crore in the previous year 2015-16.
How does Swiggy and zomato earn money?
Swiggy makes money by charging a commission from the restaurant based on the order value. The commissions earned from restaurants form the primary source of revenue for the company.
What is the valuation of Swiggy?
With the current round, Swiggy has seen its valuation swell by close to 5 times this year. The company was valued at $1.3 billion in June this year and $700 million in February. ET was the first to report that Swiggy is closing a new round from Tencent and Naspers which will value it around $3 billion in September.
Who invested in Swiggy?
Mint reported on 18 December that Swiggy is evaluating an entry into medicine delivery. In an interview in August, its co-founder and chief executive officer, Sriharsha Majety, indicated that the online food ordering and delivery startup would be experimenting with a bunch of new offerings over the months ahead.