“Zomato is now a profitable company,” claimed Goyal in his blog early this week. The decade-old-company cut operating losses from Rs 425 crore in fiscal year 2016 to Rs 101 crore a year later. This was enabled by slashing annual operating burn from Rs 411 crore to Rs 77 crore in fiscal year 2017.“We have survived,” Goyal told ET Magazine in July. And it may be a similar story for other online ventures for whom the next round of funding looks elusive for now. It is important, she says, not to focus on profitability per se but on profitability at what level of scale.

Source: Economic Times September 23, 2017 18:22 UTC