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Zomato burn rate at around $1M a month; UberEATS?

Info Edge Executive Vice Chairman Sanjeev Bikhchandani disclosed on the earnings call that Zomato has a burn rate of around $1 million a month, and sufficient money in the bank. This gives it a runway of 2-2.5 years it seems. "The company seems to have decided that, look, we can get to breakeven whenever you want but we should still now focus on growing the business because lot of building blocks are in place, which is why they stabilized the burn here and they have gotten enough money in the bank till last 2-2.5-years at this burn rate, maybe a little less than that, but the company seems to be in a comfortable position." Last quarter, Bikhchandani had said that Zomato can choose to break even in 3-4 months, but it's a choice. Zomato has food ordering in India, Dubai and Philippines. Things can change when there is competition, of course. Bikhchandani was responding to a query about UberEATS, which, it appears, is being launched in India soon. "...it is too early to say yet what the impact will be. Having said that, Zomato has built a great brand franchise, great traffic, a huge unique value which drives the traffic without too much advertising. So the burn rates have come down to maybe $1 million or a month or thereabouts. Now, what we should do, we have to see when UberEATS comes in." More: UberEATS prepares to launch in India In the past, Info Edge has had to react to competition, most notably, it…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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