Travel
Zoomcar’s Loss Zooms 66% YoY To $4.2 Mn In June Quarter
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SUMMARY
The Nasdaq-listed company posted a net loss of $4.2 Mn against a total income of $2.31 Mn in the first quarter of the fiscal year
The company, whose accumulated deficit now stands at a whopping $337.4 Mn, expects to continue to incur losses for at least one year
Without additional funding, Zoomcar said that it will not have sufficient funds to meet its obligations within one year
Car rental marketplace Zoomcar
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