Zomato

The increase of losses can be ascribed to the two-month-long lockdown in the country that followed by restaurant closure.

The company said it has seen an increase of over 200% in its takeaway order volume in the last few months.

The closure of the subscription service comes after Zomato’s decision to axe its operational team in Indonesia.

If the proposed investment deal goes through, Zomato would be able to raise over USD 575 million for its ongoing USD 600 million round.

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Although restaurants have been operational for the last three months, consumers have largely stayed away from eating out.

In the past tech companies such as Oyo, Policybazaar, Ola, Paytm, Quikr, and others have also said they would soon launch their IPO.