Zoomcar reports 73% decline in Q2 net loss, revenue falls to $2.2M

Quick Summary:

The car sharing marketplace reported a net loss of about $3.4 million in the second quarter of FY25, compared to $12.4 million in the year-ago period.

Due to these reasons, there is “substantial doubt about the company’s ability to continue as a going concern”, the filing added.

The car-sharing marketplace reported a Q2 net loss of about $3.4 million compared with $12.4 million in the year-ago period.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Loss Revenue Decline Million Booking Privacy Reported Policy Fees Days Zoomcar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 10:59:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23584130

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