India's Zomato falls 7% on slow growth in Q3 food delivery business

Kitco Media
By Reuters
Published:
Updated:
Reuters
BENGALURU, Feb 10 (Reuters) - India's Zomato Ltd fell nearly 7% on Friday after it reported a larger-than-expected quarterly loss on Thursday, flagging slow growth in the food delivery business due to an industry-wide slowdown. Shares of the food delivery firm fell to 50.70 rupees, after closing marginally higher on Thursday ahead of the results.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.