A few days ago, Zomato announced that it was withdrawing its services from 225 cities in India on account of "not so encouraging" performance.
Last week, the food tech giant also reported its financial results for the last quarter of 2022. It saw its losses soar 5X to nearly 350 crore rupees.
The volume of orders also declined during this period. But in these numbers there also lies hidden a glimmer of hope for the company.