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Detailed stories on technology startups, business and economic current affairs.
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. …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
A string of deals and bets signal the ride-hailing company’s ambition to dominate delivery, but questions and challenges remain.