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Food & Beverage

Zomato invests $125m in Indian tech startups amid widening loss

Company aspires to reign over hyperlocal segment, take on Swiggy and Dunzo

Zomato reported that its July-September losses nearly doubled to $41 million from the previous quarter on November 11.   © AP
SAYAN CHAKRABORTY, Nikkei staff writer | India

BENGALURU -- Food deliverer Zomato is staking a claim in India's hyperlocal delivery segment, turning the heat on incumbents such as SoftBank-backed Swiggy and Google-backed Dunzo.

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