Zomato may buy UberEats as food delivery space heatsup
Saturday, January 11, 2020, 6:57 PM
The monthly cash burn for Zomato and Swiggy is estimated to be around $35-million-$40 million. Recently, Zomato claimed to have reduced its cash burn to $20-million in October 2019 from $45-million in March. For smaller player like UberEats, the burn is pegged at around $4 million-$5 million per month. UberEats made its India launch in 2017 and operates in over 40 cities.