Zomato exceeds profit expectations in Q1 despite steamy competition

Zomato exceeds profit expectations in Q1 despite steamy competition

FILE PHOTO: A delivery worker of Zomato, an Indian food-delivery startup, waits to collect an order from a restaurant in New Delhi, India, May 21, 2020. REUTERS/Anushree Fadnavis/File Photo

Indian food delivery platform Zomato on Thursday reported a net profit of Rs 253 crore ($30 million) for the June quarter (Q1), helped by a rise in demand for its food delivery and quick commerce services, despite heightened competition.

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