
Zomato Third-Quarter Results: Zomato Q3 profit falls 57% as Blinkit expansion pressures margins
NEW DELHI: India’s online food delivery and restaurant discovery platform Zomato saw a 57% drop in its third-quarter profit, as increased spending on its quick commerce platform, Blinkit, continued to weigh on margins. The company reported a consolidated net profit of Rs 590 million (£4.8 million) for the quarter ending December 31, down from Rs…