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Zomato's revenue FY 2016-2020

Zomato recorded a revenue that amounted to over 394 million U.S. dollars in fiscal year 2020. There was a significant increase in revenue for the company since the fiscal year 2016. Zomato, founded in 2008, was formerly called Foodiebay. Apart from food delivery services, it provides information on menus and user-reviews of restaurants.

Zomato versus Swiggy

Since 2014, the company has been ambitious in its acquisitions globally. The most recent one was Uber Eats in January 2020 – creating a duopoly in the food delivery market in the country between Zomato and the leading online food delivery business, Swiggy. During the coronavirus (COVID-19) lockdown, both companies implemented no-contact deliveries of food and essential groceries, improving consumer attitudes towards both brands.

A growing customer base

Zomato’s strong delivery support system with numerous partners has made this business model a success, with a presence in more than 500 Indian cities. As of September 2019, Zomato had over 250 thousand restaurant listings. The options of cashless transactions have also influenced the increase in customers over the years, along with retaining existing ones.

Revenue of Zomato from financial year 2016 to 2020

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Source

Release date

July 2020

Region

India

Survey time period

FY 2016 to FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

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