New Delhi: Online restaurant guide and food ordering platform Zomato is looking to be a profitable company by the end of 2020, a top company official said. "In a year's time, we should be a profitable company. We have been able to reduce our cash burn by around 70 per cent from what it was seven months ago," Zomato founder and CEO Deepinder Goyal told PTI. The company's current cash burn is $15 million per month, he added. The company recently announced plans to raise up to $600 million (around ₹4,277 crore) by next month in a new funding round.

Source: Mint December 08, 2019 04:52 UTC