Thursday, December 26, 2024

Cloud kitchen firms cut their losses to cook up healthy numbers

India's cloud kitchen startups achieved revenue growth and reduced losses in FY24 by managing expenses. However, high inflation may impact margins this fiscal year. Rebel Foods, Curefoods, Biryani by Kilo, and Freshmenu showed significant improvements. Zomato and Swiggy's food delivery GOV also grew, with a positive industry outlook despite rising costs.

from Tech-Economic Times https://ift.tt/237Cjl8

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