Sanjeev Bikhchandani, vice chairman of Info Edge, has said that online food ordering accounts to 20% of Zomato’s revenues, which is currently operational in India, Dubai and Phillippines. Info Edge is the largest shareholder in the online restaurant discovery and food-ordering platform.
At a time, when many of the online food ordering apps and services have shutdown or are on the verge of shutting down, Zomato had posted an operational revenue of Rs 184.97 crore for the fiscal year 2015-16, although its losses shot up by 262% to Rs 492.3 crore.
Zomato CEO Deepinder Goyal has in the past claimed that the company is profitable in the order business at a unit economics level, and the overall online ordering business will hit profitability when they hit an average of 40,000 orders a day. The company currently sees a daily average order of around 25,000-26,000, although there are also other conflicting numbers floating around in the media.
In September this year, Zomato acquired logistics technology startup Sparse Labs to help strengthen its delivery systems.