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

The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/Files BENGALURU, Feb 10 (Reuters) – India’s Zomato Ltd (ZOMT.NS) 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.

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