The development comes as Zomato's arch-rival Swigg... moreThe 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. Zomato almost doubled its revenue to ₹ 399 crore in the year ended 31 March 2017 and saw a drop in losses to ₹ 389 crore from ₹ 590 crore, a year ago. Currently, Zomato clocks about $13.4 million in revenues per month.
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