Zomato which is a food delivery and restaurant discovery company, just announced in its financial report that they’ve turned a profit for the third quarter in a row—meaning their business hasn’t been in the red but actually making money.
So, what does this mean? Well, in India’s startup world, most companies have been chasing growth and funding like crazy.
Their main goal was always: “Get as many customers as possible, even if it means losing money.” But now, Zomato has shown that even a tech startup can actually be profitable.
What are the experts saying? A lot of them believe Zomato’s success is a wake-up call for other startups. Investors aren’t just gonna care about “burn rate” (how much cash a company’s blowing through) anymore—they’ll also want to see “earn rate” (how much it’s actually making).
Is this a major shift? It’ll be interesting to see if other unicorns like Flipkart, Paytm, and Swiggy follow in Zomato’s footsteps. If they do, India’s startup scene could move away from just chasing sky-high valuations and focus on real, sustainable value.
