Zomato serves up good news: Revenue up 225% to $205 million in H1

Restaurant membership of Gold has shot up after #Logout

The country’s oldest food aggregator and discovery major Zomato on Tuesday said its revenue more than tripled in the first half (H1) of 2019-20 (FY20) to $205 million, compared to $63 million in the same period last year.

The company, in news recently for laying off more than 600 employees and facing massive backlash from restaurants for its premium membership programme Gold, said its monthly burn rate is down to 60 per cent, compared to six months ago.

In a report released by the Deepinder Goyal-led firm, Zomato vehemently defended its premium membership, claiming that the number of restaurant partners