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Zomato withdraws from 225 smaller cities due to “not very encouraging” performance

  • Zomato reported that its consolidated revenue grew 75% to Rs 1,948 crore in the October-December quarter.
  • Despite this, the Gurugram-based company’s loss jumped five times to Rs 346 crore.
  • Due to this “not very encouraging” performance, Zomato has decided to withdraw from 225 smaller cities.
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