The food delivery company has opened up in its first full-year earnings report, but the outlook is weak once you get past the headline numbers.
It has been a big week for Zomato. On Monday, the food delivery company reported earnings for the quarter and year ended 31 March 2022. It was Zomato’s first full fiscal year results announcement as a publicly listed company and the scorecard reads something like this:
Markets cheered the growth. …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
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Pranav is a co-founder at The Morning Context and leads our edit team. He has previously worked as a writer and editor at The Ken and Mint, where he worked on business news from tech to banking to deals. At The Morning Context, he helps manage editorial operations, edits and commissions long-form stories, and writes at the intersections of technology, business and finance.
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