Update: Info Edge said on its earnings conference call that Zomato's Indian business has broken even, even as it expands internationally. While specific revenue figures for Zomato were not disclosed, the company said that Zomato and Meritnation had combined sales of Rs 8 crore, but lost only Rs 6.4 crores at EBITDA level, around 25% lower than last year. Earlier (July 22nd): Continuing its international expansion, online restaurant and events guide Zomato has now entered New Zealand by launching operations in Auckland and Wellington. It has also strengthened its operations in South Africa and United Kingdom by launching operations in Cape Town (South Africa) and Manchester & Birmingham (United Kingdom) respectively. Back in India, Zomato has added Guwahati section and now offers listings for 14 Indian cities. Globally, it now claims to offers listings from 114,500 restaurants across 27 cities in eight countries including India, UAE, Sri Lanka, United Kingdom, Qatar, Philippines, South Africa and New Zealand. Zomato CEO Deepinder Goyal informed that they plans to expand to Australia, Turkey and Indonesia over the next few months. They also plan to expand to continental Europe, South America and strengthen its presence in Middle East and South-East Asia during the current calendar year. Investment: As per a PTI report citing Goyal, Zomato plans to invest $2.5 million for these new five cities. The company told MediaNama that this is a combined budget set by them for these regions but it declined to share any further details on this. Website Revamp: Coinciding with this International expansion, Zomato has rolled out…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...