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Zomato In FY13: Rs 11.38 Crore Operating Revenues, Rs 10 Crore Operating EBITDA Loss


Zomato Media Pvt Ltd, which owns the restaurant search and review site Zomato.com, reported revenues of Rs 11.38 crore and an EBITDA loss of Rs 10.03 crore for financial year ended 31st March 2013 (FY13). Revenues for the startup grew 457.84 percent, by around Rs 9.34 crore from Rs 2.04 crore in FY12, even as its EBITDA loss increased 38.92%, by only Rs 2.81 crore from Rs 7.22 crore in FY12. Info Edge (Naukri) now owns a majority 57.9% stake in Zomato, having placed a significant bet of Rs 86 crore on the company in four rounds of funding. The company has also recently expanded operations to SouthAfrica, launching a site for Johannesburg.

Zomato-table
zomato-media

These are early days for Zomato, and the company had said that it broke even at an EBITDA level in the Indian market during the quarter ending December 2012, and in Dubai in the following quarter. What is probably leading to an increase in losses at an EBITDA level is its rather aggressive international expansion: apart from India, it has  launched operations in  Sri LankaUnited KingdomUAEQatar, South Africa and Philippines; Zomato has plans to launch in Thailand, and also has an eye on developed markets  such as Canada, United States and Australia. The company had also launched in Singapore last year, however it decided to pull out few months later, since restaurants were not willing to share menus, and it was taking a lot of time to collect data compared to other markets.

Zomato offers mobile apps for iOS, Android, BlackBerry, Blackberry 10, Windows Phone and Windows 8.


  • Ramkrisna

    Wondering how much of it is “Interest” earnings and how much of it is through actual sales. Any break up would help us understand the market potential better

  • http://www.facebook.com/sameer.narkar Sameer Narkar

    why would anyone search on sites like zomato when you have social sites like foursquare. Don’t understand the rationale behind investment in Zomato.

    • Anonymous

      The experience is much better…similar to why people would rather checkin on FS than FB

  • Peter Rodrigues

    Why would a privately held company disclose revenue numbers? Seems the pig is being dressed up for a sale.

    • http://www.adityarao.name/ Aditya Rao

      Because they are now a subsidy of Infoedge (majority stake) and since that is a Public company – it comes in their shareholders report too.

  • Peter Rodrigues

    Why would a private company disclose revenue numbers? Totally beats me.

  • http://twitter.com/joeonnet Jose Felix

    Good to see them keeping the book open . Forget profitability , product capability etc.. These guys deserve a medal for being the first consumer internet company from India to show some balls to boldly invade foreign territories beyond gulf. Hope many others learn from them and start thinking beyond India and Indians