Zomato's revenue from operations doubles to Rs 2,604 cr amid pandemic

But losses widened by 136% in FY20; company says Covid impacted food delivery business in Q1FY21

The coronavirus pandemic has accelerated the adoption of services by food delivery giant Zomato. The Gurugram-based company said its revenue from operations has grown from Rs 466 crore in FY18 to Rs 2,604 crore in FY20, signifying around 5.5X growth over the three-year period. Revenue from operations for the nine months ended December 31, 2020, stood at Rs 1,301 crore.
 
“In particular, as lockdowns, in response to the Covid-19 pandemic, eased in India towards the end of May 2020, our food delivery business started recovering. In the third quarter of FY21, we recorded the highest GOV (gross order value)