On-line restaurant information and meals ordering platform Zomato is trying to be a worthwhile firm by the top of 2020, a prime firm official mentioned.
“In a year’s time, we should be a profitable company. We have been able to reduce our cash burn by around 70% from what it was seven months ago,” Zomato founder and CEO Deepinder Goyal informed PTI.
The corporate’s present money burn is USD 15 million per 30 days, he added.
Earlier in October, Zomato had mentioned it has witnessed over three-fold bounce in income to USD 205 million (round ₹1,458 crore) for April-September 2019 from USD 63 million (round ₹448 crore) in the identical interval a yr in the past.
The corporate not too long ago introduced plans to lift as much as USD 600 million (round ₹4,277 crore) by subsequent month in a brand new funding spherical.
When requested in regards to the segments the corporate might be focussing on for development, Mr. Goyal mentioned it will likely be on all segments.
The corporate is making all efforts to attain its mission, ‘Better Food for Everyone’, he added.