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Zomato says food delivery is returning to pre-COVID levels, but several dining out restaurants face an uncertain future

Food delivery platform, Zomato, said that the food delivery industry has “largely recovered”, with the overall sector clocking around 75-80% of pre-COVID gross merchandise value. In its second mid-COVID report, published on Wednesday, the company estimated that the industry will hit pre-COVID levels of business in the “next 2-3 months”. However, it also showed that dining out restaurants are looking at an uncertain future, as several of them have already permanently shut shop. Dining out industry will take a lot of time to turnaround the pandemic's impact: While it’s no secret that the COVID-19 pandemic has hit dining out restaurants hard, food delivery company, Zomato’s latest report showed just how gloomy the picture actually is: the company estimated that around 40% restaurants in India, that remain shut owing to the lockdowns, might not be able to reopen at all. Zomato…

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