Markets

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

Published February 10, 2023 Updated February 10, 2023 09:35am
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BENGALURU: 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.