Wednesday, December 1, 2021

food delivery platform

Zomato’s losses tripled since IPO, revenue up 28%

This is largely on account of non-cash ESOP expenses which have increased meaningfully in Q1 FY22 "due to significant ESOP grants made in the quarter pursuant to creation of a new ESOP 2021 scheme".

Zomato files for Rs 8,250 cr IPO as orders surge in pandemic

In a draft red herring prospectus (DRHP) filed with the market regulator, Zomato said it aims to raise Rs 8,250 crore in capital by offering the company's equity shares for sale.

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