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Update: Zomato Breaks Even In India; Expands To New Zealand

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…

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