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  • Winning Back Customer Trust About Food Hygiene and Bringing Back More Restaurants On To Their Platforms

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    Nagarjuna Reddy
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    Based on Zomato's revenue in the first quarter of the current fiscal year, their annual revenue for FY21 is expected to be between $165-$180 million, representing a 54-58% decline compared to FY20. Zomato has seen orders drop by 70%, with under 1 million orders now compared to pre-covid levels of 2.5 million, as 60-70% of cities remain shut down, and it works to regain customer trust in food hygiene and recruit more restaurants onto its platforms.

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    Based on Zomato's revenue in the first quarter of the current fiscal year, their annual revenue for FY21 is expected to be between $165-$180 million, representing a 54-58% decline compared to FY20. Zomato has seen orders drop by 70%, with under 1 million orders now compared to pre-covid levels of 2.5 million, as 60-70% of cities remain shut down, and it works to regain customer trust in food hygiene and recruit more restaurants onto its platforms.

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    19 views1 page

    Winning Back Customer Trust About Food Hygiene and Bringing Back More Restaurants On To Their Platforms

    Uploaded by

    Nagarjuna Reddy
    Based on Zomato's revenue in the first quarter of the current fiscal year, their annual revenue for FY21 is expected to be between $165-$180 million, representing a 54-58% decline compared to FY20. Zomato has seen orders drop by 70%, with under 1 million orders now compared to pre-covid levels of 2.5 million, as 60-70% of cities remain shut down, and it works to regain customer trust in food hygiene and recruit more restaurants onto its platforms.

    Copyright:

    © All Rights Reserved
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    of 1

    Based on Zomato’s revenue in the first quarter of the current fiscal year, it

    looks like FY21 wouldn’t be as profitable for the company as FY20.


    Assuming that the average quarterly revenue for Zomato will be between
    $41 Mn and $45 Mn, the expected annual revenue for FY21 will be in the
    range of $165 Mn-$180 Mn. Compared to FY20, financial year 2020-21
    might bring a revenue decline of approximately 54% to 58% for the
    company. Zomato have dropped 70% of orders which means under 1mn
    orders as compared to pre-covid used to deliver 2.5mn orders due to 60%
    to 70% of its cities still shutdown winning back customer trust about food
    hygiene and bringing back more restaurants on to their platforms.

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