Zomato Annual Report 2019-20 Patched <TRUSTED ⇒>

According to the financial disclosures made during the period (and subsequently in IPO papers referencing this year), Zomato saw a significant jump in revenue.

"FY20 was the year we won the war against our largest competitor (Uber Eats), only to have a pandemic bring the entire industry to its knees." zomato annual report 2019-20

The report indicated a robust increase in Gross Merchandise Value (GMV), which is the total value of transactions on the platform. The number of monthly transacting users saw a steady climb pre-pandemic, solidifying Zomato’s position as a market leader alongside Swiggy. According to the financial disclosures made during the

Zomato Annual Report 2019-20

Zomato claims 2X surge in revenue in FY20; costs grew by 47% costs grew by 47%