Zomato targets breakeven by Q2 FY24, lowers investment guidance to $320 million
In an analyst call, Goyal said Zomato was already positive on cash flow with its adjusted EBITDA losses at Rs 150 crore and other income was Rs 170 crore in the first quarter of the ongoing fiscal.”So, in some ways, we are not losing cash in that business anymore…we got to adjusted EBITDA breakeven in the food delivery business,” he added.
