Online meals ordering enterprise Zomato, which is preparing itself for an IPO in the very first half of 2021, has reported a staggering 330 per cent jump in its losses for the monetary year (FY) 2019-20 when its income elevated 84 per cent from the preceding FY. Swiggy’s arch-rival Zomato, led by Deepinder Goyal, saw losses mounting from Rs 570 crore in FY19 to Rs 2,451 crore amid 48.8 per cent boost in expenditures from Rs 3,109 crore to Rs 4,627 crore for the duration of the mentioned period, according to the regulatory filings sourced from organization intelligence platform Tofler. On the other hand, the enterprise, backed by Alibaba’s Ant Financial, Tiger Global, and other people, managed to push its revenues up from Rs 1,350 crore in FY19 to Rs 2,485 crore in FY20.