The development comes as Zomato’s arch-rival Swiggy just a day ago announced a fresh funding of $210 million, the largest by an online food ordering startup. Zomato, which is present in 23 countries, earns revenues from advertising and food delivery.<br />Zomato almost doubled its revenue to Rs 399 crore in the year ended 31 March 2017 and saw a drop in losses to Rs 389 crore from Rs 590 crore, a year ago. Currently, Zomato clocks about $13.4 million in revenues per month.
