Food delivery and restaurant discovery firm Zomato said it has recorded a three-fold jump in revenues for FY19 to $206 million from $68 million, though costs also piled up six-fold to $500 million from $80 million from the previous year.

Zomato said the company was on an annual revenue run rate of $350 million.

The company said most of its losses of $294 million were on account of the food delivery business in India. The delivery revenue for FY19 grew to $155 million compared to $38 million in FY18.

Food delivery now contributes about 75 percent to Zomato's total revenue, up from 55 percent in FY18.

The company was able to improve its unit economic significantly in FY19. Zomato now loses Rs 25 per delivery, compared to Rs 44 per delivery in March 2018, while the last mile cost per delivery is now Rs 65, compared to Rs 86 in March 2018.

The number of deliveries per rider per hour has gone up to 1.4 from 0.9 last year.

Zomato said its app is used in over 10,000 cities across the globe with over 1.4 million active restaurants on its platform and has 70 million monthly active users on the platform.

The company is also pushing it's dining out business through Zomato Gold, wherein it partnered with over 10,000 restaurants globally.

As on March 31, 2019, the company said it had over 1 million active subscribers of Zomato Gold globally compared to 170k active users as on March 31, 2018.