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Zomato may buy UberEats as food delivery space heatsup

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.
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